CRISIL reaffirms Sidwal Refrigeration's AA-/Positive credit rating

Amber Enterprises India Limited announced today that CRISIL Ratings has reaffirmed the credit rating for its material subsidiary, Sidwal Refrigeration Industries Private Limited. The credit rating for Sidwal's bank facilities, totaling INR 245 Crore, has been reaffirmed as Crisil AA-/Positive. This rating was removed from 'Rating Watch with Developing Implications.'

The reaffirmation, dated November 21, 2025, covers Sidwal’s long-term bank loan facilities. Specifically, INR 135 Crore from YES Bank Limited and INR 110 Crore from HDFC Bank Limited, both categorized as Working Capital Facilities, maintain the Crisil AA-/Positive rating.

This announcement provides clarity on the financial standing of the subsidiary. The rating letter is valid until March 31, 2026.