Sapphire Foods retains strong credit ratings from ICRA

Sapphire Foods India Limited has received re-affirmation of its credit ratings from ICRA Limited, as communicated on October 1, 2025. The ratings cover a total of INR 200.00 crore in instruments. Long-term fund-based term loans and non-fund-based limits, amounting to INR 11.00 crore and INR 19.00 crore respectively, were re-affirmed at [ICRA]A(Stable).

Additionally, long-term/short-term fund-based/non-fund-based working capital facilities of INR 42.00 crore were re-affirmed at [ICRA]A(Stable)/[ICRA]A2+. Short-term interchangeable limits (INR 35.00 crore) were re-affirmed at [ICRA]A2+, while long-term interchangeable limits (INR 42.00 crore) were re-affirmed at [ICRA]A(Stable). Unallocated limits of INR 128.00 crore received a re-affirmation of [ICRA]A(Stable)/[ICRA]A2+.

These re-affirmations indicate a consistent assessment of Sapphire Foods' creditworthiness. The company has informed both the National Stock Exchange of India Limited and BSE Limited of this development, emphasizing its adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.