BSECompany Update2d ago · 23 Sept 2026, 11:44 am
Intimation about Credit Rating
Diffusion Engineers Ltd · 544264
✦ AI SummaryRating Change
Diffusion Engineers Ltd has announced that Crisil Ratings Limited has reaffirmed its long-term rating of Crisil A-/Stable and short-term rating of Crisil A2+ for the company's bank-based facilities worth Rs. 85 Crore.
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Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Diffusion Engineers Ltd - 544264 - Announcement under Regulation 30 (LODR)-Credit Rating
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Date: September 23, 2026
To, To,
The Manager The Manager
Listing Department Corporate Relationship Department
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Plot No. C/1, G Block Floor 25, Phiroze Jeejeebhoy Towers,
Bandra Kurla Complex Dalal Street,
Bandra (East), Mumbai - 400 001
Mumbai - 400 051 BSE Scrip Code - 544264
NSE Symbol: DIFFNKG
Dear Sir/Madam,
Subject‐: Intimation about Credit Rating under the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 30(6) read with Schedule III of the SEBI (Listing Obligations and
Disclosure Requirements), Regulations, 2015 (the “Regulations”), we hereby inform you
of the credit ratings assigned by Crisil Ratings Limited for the bank-based facilities of
the Company. The details of the ratings are as follows:
Total Bank Loan Facilities Rated Rs. 85 Crore (enhanced from Rs. 75
Crore)
Long Term Rating Crisil A-/Stable (Reaffirmed)
Short Term Rating Crisil A2+ (Reaffirmed)
The rating letter issued by Crisil Ratings Limited is enclosed for your reference. The
said intimation shall be available on website of the company at
https://www.diffusionengineers.com/investors-relation
Kindly take the above information on record.
Thanking You,
For Diffusion Engineers Limited
Chanchal Jaiswal
Company Secretary and Compliance Officer
ICSI Membership No.: A67136
Enclosed: as above
CONFIDENTIAL
RL/GDS4651/405109/BLR/0926/159506
September 22, 2026
Mr. Abhishek Mehta
Chief Financial Officer
Diffusion Engineers Limited
N-78 & 79, Midc, Industrial Area,
Hingna, Nagpur, Nildoh ct,
Nagpur - 440016
9661093637
Dear Mr. Abhishek Mehta,
Re: Review of Crisil Ratings on the bank facilities of Diffusion Engineers 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.85 Crore (Enhanced from Rs.75 Crore)
Long Term Rating Crisil A-/Stable (Reaffirmed)
Short Term Rating Crisil A2+ (Reaffirmed)
(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
This letter will remain valid till March 31, 2027. After this date, please insist for a new rating letter (dated later than March
31, 2027).
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
Shalaka 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 Bank Guarantee ICICI Bank Limited 11 Crisil A2+
2 Bank Guarantee HDFC Bank Limited 10 Crisil A2+
3 Cash Credit HDFC Bank Limited 20 Crisil A-/Stable
4 Cash Credit ICICI Bank Limited 9 Crisil A-/Stable
5 Cash Credit YES Bank Limited 5 Crisil A-/Stable
6 Cash Credit DBS Bank Limited 15 Crisil A-/Stable
7 Letter of Credit HDFC Bank Limited 5 Crisil A2+
Working Capital Demand
8 Shinhan Bank 10 Crisil A-/Stable
Loan
Total 85
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
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.
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