Sangam (India) Limited credit ratings downgraded by India Ratings & Research

Sangam (India) Limited has received a credit rating downgrade from India Ratings & Research for its bank loan facilities. The company's facilities, previously rated 'IND A'/Negative/'IND A1', have been downgraded to 'IND A-'/Stable/'IND A2+'. This change impacts a total of INR17,650 million in bank loan facilities.

The downgrade was communicated to the company via a letter dated October 20, 2025, from India Ratings & Research, detailing the assigned ratings along with the outlook/watch. This information is also available on Sangam (India) Limited's website.

The update reflects a re-evaluation of the company's financial standing and is a key disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Arjun Agal, company secretary & compliance officer, signed the official communication.