NSECredit Rating- Revision3d ago · 19 Sept 2026, 11:23 am
Credit Rating- Revision
CMR Green Technologies Limited · CMRGREEN
✦ AI SummaryRating Change
CMR Green Technologies Limited has informed the Exchange about Credit Rating- Revision. CRISIL has re-affirmed its ratings on the bank facilities of the Company as follows: Total Bank Loan facilities Rs. 953 Crore (Enhanced from Rs. 760.74 Crore), Long Term Rating Crisil AA-/Stable (Upgraded from ‘Crisil A+/Stable’), Short Term Rating Crisil A1+ (Upgraded from ‘Crisil A1’).
Analysis Scores
Earnings Impact2/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment6/10
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CMR Green Technologies Limited has informed the Exchange about Credit Rating- Revision
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CMR GREEN TECHNOLOGIES LIMITED
REGD. OFFICE: 7TH FLOOR, TOWER 2, L & T BUSINESS PARK,
12/4 DELHI MATHURA ROAD, FARIDABAD, HARYANA-121003
CIN: L00337HR2005PLC085675, PH: +91-129-4223050
E-MAIL: COMPLIANCEOFFICER@CMR.CO.IN
WEBSITE: WWW.CMR.CO.IN
Date: 18th September, 2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, C-1, Block G Department of Corporate Services
Bandra Kurla Complex Phiroze Jeejeebhoy Towers
Bandra (E), Mumbai – 400 051 Dalal Street, Mumbai – 400 001
Equity Scrip Code CMRGREEN Equity Scrip Code 544777
ISIN INE00WV01027 ISIN INE00WV01027
Dear Sir/Madam,
Sub: Intimation of Credit Rating(s) pursuant to Regulation 30 of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, we wish to inform you that CRISIL, a Credit Rating Agency has, vide its letter to the Company
dated September 18. 2026, re-affirmed its ratings on the bank facilities of the Company as follows:
Total Bank Loan facilities Rs. 953 Crore (Enhanced from Rs. 760.74 Crore)
Long Term Rating Crisil AA-/Stable (Upgraded from ‘Crisil A+/Stable’)
Short Term Rating Crisil A1+ (Upgraded from ‘Crisil A1’)
Rating rationale published by CRISIL, is enclosed herewith for kind reference.
The same is for your information and record.
Thanking You,
For CMR Green Technologies Limited
Srishti Saxena
Company Secretary & Compliance Officer
M. No: A40576
CONFIDENTIAL
RL/CMGRTL/405650/BLR/0926/159279
September 18, 2026
Mr. Yugal Garg
Chief Financial Officer
CMR Green Technologies Limited
7th Floor, Tower 2, L & T Business Park,
12/4 Delhi Mathura Road, Faridabad,
Faridabad - 121003
9818055221
Dear Mr. Yugal Garg,
Re: Review of Crisil Ratings on the bank facilities of CMR Green Technologies Limited
All ratings assigned by Crisil Ratings are kept under continuous surveillance and review.
Please find in the table below the ratings outstanding for the debt instruments/facilities of the company, and the rating
actions by Crisil Ratings on the ratings as on date.
Total Bank Loan Facilities Rated Rs.953 Crore (Enhanced from Rs.760.74 Crore)
Long Term Rating Crisil AA-/Stable (Upgraded from 'Crisil A+/Stable')
Short Term Rating Crisil A1+ (Upgraded from 'Crisil A1')
(Bank-wise details as per Annexure 1)
As per our Rating Agreement, Crisil Ratings would disseminate the ratings, along with the outlook, through its
publications and other media, and keep the ratings, along with the outlook, under surveillance over the life of the
instrument/facility. Crisil Ratings reserves the right to withdraw, or revise the ratings, along with the outlook, at any time,
on the basis of new information, or unavailability of information, or other circumstances which Crisil Ratings believes
may have an impact on the ratings. Please visit www.crisilratings.com and search with the name of the rated entity to
access the latest rating/s.
In the event of the company not availing the proposed facilities within a period of 180 days from the date of this letter, a
fresh letter of revalidation from Crisil Ratings will be necessary.
Crisil Ratings products / activities or ratings of instruments other than securities that are listed or proposed to be listed may
fall under the purview of financial sector regulators (FSRs) other than SEBI. In respect of such products / activities or
ratings (under the purview of other FSRs such as Reserve Bank of India (RBI), Ministry of Corporate Affairs (MCA),
Insurance Regulatory and Development Authority of India (IRDAI), among others), the grievance / dispute redressal and
investor protection mechanisms available under SEBI regulations shall not be applicable. A list of products/activities or
ratings of instruments falling under the purview of various FSRs along with the names of respective FSRs has been duly
disclosed by Crisil Ratings on its website.
A link to the same has been provided below for ready reference:
https://www.crisilratings.com/en/home/our-business/ratings/regulatory-disclosures/list-of-activities-instruments-and-
names-of-regulators.html
Should you require any clarification, please feel free to get in touch with us.
With warm regards,
Yours sincerely,
Disclaimer: A rating by Crisil Ratings reflects Crisil Ratings’ current opinion on the likelihood of timely payment of the obligations under the rated instrument, and does
not constitute an audit of the rated entity by Crisil Ratings. Our ratings are based on information provided by the issuer or obtained by Crisil Ratings from sources it
considers reliable. Crisil Ratings does not guarantee the completeness or accuracy of the information on which the rating is based. A rating by Crisil Ratings is not a
recommendation to buy / sell or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. Crisil Ratings has a practice of
keeping all its ratings under surveillance and ratings are revised as and when circumstances so warrant. Crisil Ratings is not responsible for any errors and especially
states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of its ratings. Crisil Ratings’ criteria are available without charge to
the public on the web site, www.crisilratings.com. Crisil Ratings or its associates may have other commercial transactions with the company/entity. For the latest rating
information on any instrument of any company rated by Crisil Ratings, please visit www.crisilratings.com or contact Customer Service Helpdesk at
Crisilratingdesk@crisil.com or at 1800-267-3850
Pallavi Singh Nivedita Shibu
Associate Director - Crisil Ratings Director - Crisil Ratings
Annexure 1 - Bank-wise details of various facility classes (outstanding facilities)
Amount (Rs.
S.No. Bank Facility Bank Outstanding Rating
in Crore)
1 Bill Discounting CTBC Bank Co Limited 23 Crisil AA-/Stable
Cash Credit & Working
2 YES Bank Limited 50 Crisil AA-/Stable
Capital Demand Loan
Cash Credit & Working
3 ICICI Bank Limited 60 Crisil AA-/Stable
Capital Demand Loan
Cash Credit & Working The Hongkong and Shanghai
4 50 Crisil AA-/Stable
Capital Demand Loan Banking Corporation Limited
Cash Credit & Working
5 Axis Bank Limited 52 Crisil AA-/Stable
Capital Demand Loan
Cash Credit & Working
6 RBL Bank Limited 60 Crisil AA-/Stable
Capital Demand Loan
Cash Credit & Working
7 The Federal Bank Limited 98 Crisil AA-/Stable
Capital Demand Loan
Cash Credit & Working
8 HDFC Bank Limited 50 Crisil AA-/Stable
Capital Demand Loan
Cash Credit & Working
9 State Bank of India 150 Crisil AA-/Stable
Capital Demand Loan
10 Letter of Credit HDFC Bank Limited 40 Crisil A1+
11 Letter of Credit Axis Bank Limited 75 Crisil A1+
12 Loan Equivalent Risk Limits Axis Bank Limited 5 Crisil A1+
13 Overdraft Facility RBL Bank Limited 92.26 Crisil AA-/Stable
14 Overdraft Facility RBL Bank Limited 7.74 Crisil AA-/Stable
Working Capital Demand
15 YES Bank Limited 100 Crisil AA-/Stable
Loan
Working Capital Demand
16 Shinhan Bank 40 Crisil AA-/Stable
Loan
Total 953
1-16. All the limits are interchangeable with their respective sublimit
Annexure: List of instruments and names of regulators of the instruments
As required by SEBI CRA Circular dated Feb 10, 2026, a list of activities or instruments falling under the purview of various FSRs, along with the names of
respective FSRs, is being disclosed below:
A. Rating activities
Sr. No. Instrument / activity Name Regulator of the instruments
1 Listed/Proposed to be listed bonds/debentures/preference share (all securities) SEBI
2 Unlisted/Proposed to be unlisted Bonds/Debentures/ Preference share (all securities) MCA
3 Listed PTCs / Securitisation Notes (originated by entities regulated by RBI)* $. RBI
4 Listed PTCs / Securitisation Notes (originated by entities not regulated by RBI)* SEBI
5 Unlisted PTCs / Securitisation Notes (originated by entities regulated by RBI)* RBI
Disclaimer: A rating by Crisil Ratings ref
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