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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Igarashi Motors India Ltd

Igarashi Motors — CARE Ratings reaffirms A+ on Rs. 169.65 Crore bank facilities

RATING ● No Immediate Change LOW RISK
📅 Filed on BSE: 31 Mar 2026, 10:40 AM IST  ·  BSE ID: 28a8a0ff-52ba-40ef-aa2d-99bcb97281f0
View Original BSE Filing (PDF)
💡
In Simple Terms
A credit rating agency confirmed that Igarashi Motors can reliably repay its bank loans totalling Rs. 169.65 Crore.
🤖 AI Summary
  • CARE Ratings reaffirmed credit ratings on Rs. 169.65 Crore total bank facilities on March 30, 2026
  • Long-term facilities Rs. 41.65 Crore rated CARE A+ Stable; enhanced from Rs. 22.55 Crore
  • Two facility tranches Rs. 68.00 Crore and Rs. 60.00 Crore rated CARE A+/A1+ Stable
  • All ratings reaffirmed — no downgrades; stable outlook confirmed across portfolio
🔢 Key Numbers - exact figures from BSE filing, not rounded
Total Bank Facilities
Rs. 169.65 Crore
Long-Term Facility (Enhanced)
Rs. 41.65 Crore (from Rs. 22.55 Crore)
Long/Short-Term Facilities Tranche 1
Rs. 68.00 Crore
Long/Short-Term Facilities Tranche 2
Rs. 60.00 Crore
Primary Rating
CARE A+ (Single A Plus); Outlook Stable
Short-Term Rating
CARE A1+ (A One Plus)
Rating Action
Reaffirmed
🏢 How This Affects the Company
💰
Financial Impact
Reaffirmed A+ ratings on Rs. 169.65 Crore in bank facilities affirm the company's debt servicing capacity. Enhanced long-term facility limit from Rs. 22.55 Crore to Rs. 41.65 Crore reflects improved credit profile and expanded borrowing capacity.
⚠️
Risk Impact
Stable outlook across all facility tranches indicates manageable credit risk and sustained lender confidence. No rating downgrades mitigates refinancing or liquidity stress.
👥 What This Means For Shareholders
✅
Action Required
No action required. Credit rating reaffirmation is informational disclosure with no shareholder voting or tender implications.
👤
Who Is Affected
All equity shareholders benefit from reduced refinancing risk and enhanced borrowing capacity supporting sustained operations and working capital management.
🔍
Management Signal
Management has maintained credit discipline and operational stability sufficient to earn stable ratings across Rs. 169.65 Crore debt portfolio.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Q4 FY26 and FY27 results — verify if operational cash flow sustains rating upgrade trajectory.
Next CARE Ratings review date — check if long-term facility enhancement triggers further upgrades.
Bank facility utilization disclosure — monitor drawdowns against Rs. 169.65 Crore sanctioned limits.
LOW RISK Reaffirmed A+ ratings with stable outlook confirm manageable credit risk. No rating downgrades or adverse rating actions reported.
💡 Investor Takeaway
CARE Ratings reaffirmed A+ and A1+ ratings on Rs. 169.65 Crore bank facilities with stable outlook on March 30, 2026. Long-term facility limit expanded from Rs. 22.55 Crore to Rs. 41.65 Crore, reflecting improved creditworthiness and operational cash generation capability.
⚖️ Strengths & Concerns

✅ Positives

  • Enhanced long-term facility limit from Rs. 22.55 Crore to Rs. 41.65 Crore indicates strengthened borrowing capacity and lender confidence.
  • All ratings reaffirmed with stable outlook across Rs. 169.65 Crore facilities; no downgrades signal sustained creditworthiness.
📅 Company Track Record
Igarashi Motors India (CIN L29142TN1992PLC021997), incorporated 1992, operates automotive components manufacturing at MEPZ-SEZ Tambaram, Chennai. No prior public rating history or financial data available in filing context.

Based on publicly available historical data. For context only.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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