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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.
Subros Ltd

Subros Ltd Credit Rating Reaffirmed at [ICRA]AA- (Stable)

RATING ▲ Positive Development LOW RISK
📅 Filed on BSE: 03 Nov 2026, 06:24 PM IST  ·  BSE ID: 9fbb3047-968c-4c21-bc22-bbac0814052e
View Original BSE Filing (PDF)
💡
In Simple Terms
Credit rating agency ICRA reaffirmed Subros Ltd's stable credit rating, signalling low default risk for its working capital loans.
🤖 AI Summary
  • Subros Ltd's long-term fund-based and non-fund-based working capital facilities reaffirmed at [ICRA]AA- (Stable).
  • Rating agency ICRA reaffirmed the credit rating for Subros Ltd.
  • The stable outlook suggests a low likelihood of rating changes in the near term.
  • This rating applies to facilities totaling Rs. 270 crore.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Rated Fund-based Facilities
Rs. 270 crore
Credit Rating
[ICRA]AA- (Stable)
Previous Credit Rating
[ICRA]AA (Stable)
🏢 How This Affects the Company
📈
Business Impact
A reaffirmed credit rating at [ICRA]AA- (Stable) supports Subros Ltd's ability to access credit for its working capital needs, facilitating ongoing business operations.
💰
Financial Impact
The stable rating suggests no immediate adverse impact on Subros Ltd's borrowing costs or debt servicing capabilities, maintaining its financial stability.
⚠️
Risk Impact
The stable rating reaffirms the low credit risk associated with Subros Ltd's debt obligations, providing assurance to lenders.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders. Shareholders can review the rating for insights into the company's financial stability.
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Who Is Affected
All shareholders are indirectly affected as a strong credit rating can support the company's operational continuity and financial health.
🔍
Management Signal
Management's continued focus on maintaining a stable credit profile signals commitment to prudent financial management and debt servicing.

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

👁 Watch List - track these upcoming events
Next annual credit rating review by ICRA
Review of Subros Ltd's financial results for FY27
Monitoring of debt levels and working capital management
LOW RISK Reaffirmed strong credit rating [ICRA]AA- (Stable) by ICRA indicates low default risk.
💡 Investor Takeaway
Subros Ltd's long-term fund-based and non-fund-based working capital facilities totaling Rs. 270 crore have been reaffirmed at [ICRA]AA- (Stable) by ICRA, indicating sustained low credit risk.
⚖️ Strengths & Concerns

✅ Positives

  • Reaffirmation of [ICRA]AA- rating indicates sustained low credit risk for working capital facilities.
  • Stable outlook suggests continued financial prudence and operational stability from rating agency's perspective.

⚠️ Concerns

  • Slight downgrade from [ICRA]AA (Stable) to [ICRA]AA- (Stable) for rated facilities.
  • Rated facilities amount to Rs. 270 crore, requiring ongoing monitoring of debt obligations.
📅 Company Track Record
In March 2026, Subros Ltd secured a Rs. 40 crore term loan rated [ICRA]AA (Stable), expanding its total rated facilities to Rs. 305 crore. This current rating reaffirms a portion of these facilities.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the latest credit rating for Subros Ltd's working capital facilities?
Subros Ltd's long-term fund-based and non-fund-based working capital facilities totaling Rs. 270 crore have been reaffirmed at [ICRA]AA- (Stable).
Which agency provided the credit rating for Subros Ltd?
The credit rating for Subros Ltd's facilities was provided by ICRA.
What does a stable outlook mean for Subros Ltd's credit rating?
A stable outlook from ICRA suggests a low likelihood of rating changes for Subros Ltd in the near term, indicating consistent financial performance.
How does the current rating compare to the previous rating for Subros Ltd?
The current rating of [ICRA]AA- (Stable) is a slight adjustment from the previous rating of [ICRA]AA (Stable) for Subros Ltd's rated facilities.

Questions based on this BSE filing only. For information purposes.

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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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