Wholly owned subsidiary's bank facility ratings upgraded by CRISIL: long term to AA-/Stable, short term to A1+

Wholly owned subsidiary's bank facility ratings upgraded by CRISIL.

Wed 7 Oct 2026

Long Term Rating

CRISIL A/Positive → CRISIL AA- / Stable

Short Term Rating

CRISIL A1 → CRISIL A1+

Facilities Rated

₹ 659.81 crore (unchanged)

Rating upgrade at a wholly owned subsidiary

Sarda Energy & Minerals Ltd has informed the stock exchanges that the long term and short term credit ratings for the bank facilities of its wholly owned subsidiary, Sarda Metals & Alloys Ltd, have been upgraded by CRISIL.

The numbers at a glance

• Total bank facilities rated: ₹ 659.81 crore (existing) and ₹ 659.81 crore (revised), so the size of the rated bank facilities is unchanged
• Long term rating: CRISIL A/Positive (existing) upgraded to CRISIL AA- / Stable (revised)
• Short term rating: CRISIL A1 (existing) upgraded to CRISIL A1+ (revised)

What a credit rating means, in simple terms

A credit rating is a rating agency's view of how safely a borrower can service its debt. CRISIL rates long term and short term borrowings on separate scales. On the long term scale, AA- sits below AA and above A, and the word Stable is the outlook, meaning the agency expects the rating to remain broadly unchanged in the near term. On the short term scale, A1+ is the highest rung. So both the long term and the short term view have moved up a notch.

Why this is being reported

Sarda Metals & Alloys Ltd is a wholly owned subsidiary of Sarda Energy & Minerals Ltd. A rating action for the bank facilities of such a subsidiary is information the listed parent shares with the exchanges so that it is on record.

Points a retail investor may note

• The upgrade covers the bank facilities of the subsidiary, Sarda Metals & Alloys Ltd.
• The total bank facilities rated stays at ₹ 659.81 crore; the amount covered has not changed, only the ratings attached to it.
• Both the long term and the short term ratings have been revised upward in this action.
• A credit rating is an agency's opinion and can be revised again later.

The company has requested the exchanges to take the information on record.

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