NSECredit Rating9 Jul 2026 · 9 Jul 2026, 12:50 pm
Credit Rating
Yasho Industries Limited · YASHO
✦ AI Summary▲ PositiveRating Change
Yasho Industries Limited has informed the Exchange about an upgrade in its credit ratings by ICRA Limited. The ratings have been upgraded to [ICRA] A- (Stable) for long-term unallocated limits, fund-based term loans, and fund-based/non-fund based limits. The upgrade is effective from July 09, 2026.
Analysis Scores
Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment9/10
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Full Announcement
Yasho Industries Limited has informed the Exchange about Credit Rating
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8291904474_09072026125029_intimation.pdf
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Date: July 09, 2026
To, To,
BSE Limited, National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block,
Dalal Street, Bandra-Kurla Complex, Bandra (East),
Mumbai– 400 001. Mumbai – 400 051.
Scrip Code: 541167 Symbol: YASHO
Sub: Intimation of upgrade in Credit Rating of the Company
Dear Sir/ Madam,
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, we hereby inform you that ICRA Limited has upgraded the
Company’s credit ratings vide its letter dated July 09, 2026, in respect of the bank facilities of the
Company, as detailed below:
Instrument* Current rated amount Rating action
(Rs. crore)
Long-Term – Unallocated limits 56.75 [ICRA] A- (Stable); Assigned
Long-term - Fund-based - Term 218.25 [ICRA] A- (Stable); Assigned
loan
Long-term/Short term - Fund 225.00 [ICRA] A- (Stable)/[ICRA] A2+;
based/Non fund based – Others Assigned
Total 500.00
The rating letter received from ICRA Limited is enclosed herewith.
The said intimation shall also be made available on the website of the Company at
www.yashoindustries.com.
This is for your information and records.
Thanking You,
For Yasho Industries Limited
Rupali Verma
Company Secretary & Compliance Officer
Membership No. A42923
Encl: A/a
YASHO INDUSTRIES LIMITED
REGISTERED OFFICE: Office No. 101/102, Peninsula Heights, C.D Barfiwala Marg, Juhu lane, Andheri (West), Mumbai –
400058, India TEL: +91 22 62510100; FAX: +91 22 62510199; E-Mail: info@yashoindustries.com; CIN No:
L74110MH1985PLC037900
ICRA Limited
ICRA/Yasho Industries Limited/09072026/1
Date: July 09, 2026
Mr. Chirag Shah
Chief Financial Officer
Yasho Industries Limited
Office No. 101/102, Peninsula Heights,
C. D. Barfiwala Marg, Juhu Lane,
Andheri (West), Mumbai, Maharashtra, 400058
Dear Sir,
Re: ICRA's Credit Rating for below mentioned Instruments of Yasho Industries Limited
As per the Rating Agreement/Statement of Work executed with ICRA Limited, ICRA’s Rating Committee has taken the
following rating actions for the mentioned instruments of your company.
Instrument Rated Amount (Rs. Crore) Rating Action[1]
Long-Term - Unallocated limits 56.75 [ICRA]A- (Stable); Assigned
Long-term - Fund-based - Term loan 218.25 [ICRA]A- (Stable); Assigned
Long-term/Short-term - Fund-based/Non-fund based - Others 225.00 [ICRA]A- (Stable)/ [ICRA]A2+; Assigned
Total 500.00
The aforesaid rating(s) will become due for surveillance within one year from the date of rating communication letter.
However, ICRA reserves the right to review and/or, revise the above rating(s) at any time based on new information
becoming available, or the required information not being available, or other circumstances that ICRA believes could have
an impact on the rating(s). Therefore, request the lenders and investors to visit ICRA website at www.icra.in for latest
rating(s) of the company.
The rating(s) are specific to the terms and conditions of the instruments as indicated to us by you, and any change in the
terms or size of the same would require a review of the rating(s) by us. In case there is any change in the terms and
conditions or the size of the rated instrument, the same must be brought to our notice before the instrument is used by
you. In the event such changes occur after the rating(s) have been assigned by us and their use has been confirmed by you,
the rating(s) would be subject to our review, following which there could be a change in the rating(s) previously assigned.
Notwithstanding the foregoing, any change in the over-all limit of the instrument from that specified in this letter, would
constitute an enhancement that would not be covered by or under the said Rating Agreement.
[1]Complete definitions of the ratings assigned are available at www.icra.in.
Sensitivity Label : Restricted
The rating(s) assigned must be understood solely as an opinion and should not be treated, or cause to be treated, as
recommendation to buy, sell, or hold the rated instrument availed/issued by your company.
You are also requested to forthwith inform us about any default or delay in repayment of interest or principal amount of the
instrument rated, as above, or any other debt instruments/ borrowing and keep us informed of any other developments
which may have a direct or indirect impact on the debt servicing capability of the company including any proposal for re-
schedulement or postponement of the repayment programmes of the dues/ debts of the company with any lender(s) /
investor(s), or occurrence of any significant development that could impact the ability of the company to raise funds such as
restriction imposed by any authority from raising funds through issuance of debt securities through electronic bidding
system. Further, you are requested to inform us immediately as and when the borrowing limit for the instrument rated, as
above, or as prescribed by the regulatory authority(ies) is exceeded.
We look forward to your communication and assure you of our best services.
With kind regards
Yours sincerely
For ICRA Limited
Ankit Jain
Vice President and Co-Group Head
ankit.jain@icraindia.com
Sensitivity Label : Restricted
Annexure
Details of Bank Limits Rated by ICRA Instrument Name Amount (Rs. Crore) Rating Rating Assigned On
Axis Bank Limited Fund/Non Fund-based Limits 55.00 [ICRA]A-(Stable)/[ICRA]A2+ June 30, 2026
SVC Co-operative Bank Limited Fund/Non Fund-based Limits 10.00 [ICRA]A-(Stable)/[ICRA]A2+ June 30, 2026
Saraswat Co-operative Bank Limited Fund/Non Fund-based Limits 105.00 [ICRA]A-(Stable)/[ICRA]A2+ June 30, 2026
HSBC Limited Fund/Non Fund-based Limits 55.00 [ICRA]A-(Stable)/[ICRA]A2+ June 30, 2026
Saraswat Cooperative Bank Limited Term Loans 163.25 [ICRA]A-(Stable) June 30, 2026
SVC Co-operative Bank Limited Term Loans 15.00 [ICRA]A-(Stable) June 30, 2026
Axis Bank Limited Term Loans 40.00 [ICRA]A-(Stable) June 30, 2026
Not Applicable Unallocated Limits 56.75 [ICRA]A-(Stable) June 30, 2026
Total 500.00
Sensitivity Label : Restricted