Samhi Hotels and subsidiaries receive upgraded credit ratings

On October 9, 2025, CARE Ratings Limited upgraded the credit ratings for Samhi Hotels Limited's bank facilities. Long term bank facilities, amounting to INR 228.32 crore, were upgraded to CARE A+; Stable from CARE A-, with the rating watch with positive implications removed. Similarly, long term/short term bank facilities, totaling INR 0.68 crore, were upgraded to CARE A+; Stable/CARE A1 from CARE A-/CARE A2+. These upgrades are attributed to recent operational and financial performance for FY 2025 and Q1FY26, alongside material deleveraging following a fund infusion by GIC Pte. Limited.

Subsidiaries also saw rating improvements. Argon Hotels Private Limited's long term bank facilities (INR 85.11 crore) and long term/short term bank facilities (INR 20.00 crore) were upgraded to CARE A+; Stable and CARE A+; Stable/CARE A1, respectively. Barque Hotels Private Limited's long term bank facilities (INR 211.39 crore) and long term/short term bank facilities (INR 40.00 crore) received similar upgrades to CARE A+; Stable and CARE A+; Stable/CARE A1.

Additional subsidiaries, including Caspia Hotels Private Limited, Duet India Hotels (Ahmedabad, Chennai, Hyderabad, Jaipur, and Pune) Private Limited, also experienced upgrades to CARE A+; Stable for their long term bank facilities and CARE A1 for their short term bank facilities, signifying broad-based improvement in credit profiles across the group.