BSECompany Update1d ago · 24 Sept 2026, 01:05 pm
Pursuant to Regulation 30 the SEBI (LODR) Regulations, 2015, we wish to inform you that the CRISIL Ratings Limited has revised its Credit Ratings. The rating letter received from CRISIL is Enclosed.
JNK India Ltd · 544167
✦ AI SummaryRating Change
JNK India Ltd has announced that CRISIL Ratings Limited has revised its credit ratings. The long-term rating has been revised to Crisil A-/Stable from 'Negative' with a rating reaffirmation, while the short-term rating remains Crisil A2+.
Analysis Scores
Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment6/10
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JNK India Ltd - 544167 - Announcement under Regulation 30 (LODR)-Credit Rating
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JNK India Limited
(Formerly known as JNK India Private Limited)
CIN: L29268MH2010PLC204223
203 to 206, Centrum, Plot No. C-3, S.G. Barve Road, Wagle Estate,
Thane (W) – 400604, Maharashtra, INDIA Tel : 91-22-68858000
Email: admin@jnkindia.com Website: www.jnkindia.com
September 24, 2026
To, To,
BSE Limited, National Stock Exchange of India Limited,
The General Manager, The Manager, Listing Department
Department of Listing Operations, Exchange Plaza, C-1, Block-G,
Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East),
Dalal Street, Mumbai – 400 001 Mumbai – 400 051
Scrip code: 544167 Security Symbol: JNKINDIA
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015- Revision in Credit Rating
Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations,
2015, we wish to inform that the CRISIL Ratings Limited has revised its Credit rating as mentioned
below:
Total Bank Loan Facilities Rated Rs. 604 Crore (Enhanced from Rs. 457 Crore)
Long Term Rating Crisil A-/Stable (Outlook revised from ‘Negative; Rating
Reaffirmed)
Short Term Rating Crisil A2+ (Reaffirmed)
Please find enclosed letter received from CRISIL Ratings Limited.
This is for your information and record.
For JNK India Limited
Ashish Soni
Company Secretary and Compliance Officer
Encl: a/a
CONFIDENTIAL
RL/JNKIDPL/404829/BLR/0926/159588
September 23, 2026
Ms. Sonal Deshmukh
General Manager - Accounts & Finances
JNK India Limited
203 to 206, Centrum, plot no. C-3,
S.G. Barve Road, Wagle Estate, Thane west
Thane - 400604
9223320035
Dear Ms. Sonal Deshmukh,
Re: Review of Crisil Ratings on the bank facilities of JNK India 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.604 Crore (Enhanced from Rs.457 Crore)
Long Term Rating Crisil A-/Stable (Outlook revised from 'Negative'; Rating 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 Cash Credit HDFC Bank Limited 15 Crisil A-/Stable
Kotak Mahindra Bank
2 Cash Credit 30 Crisil A-/Stable
Limited
3 Cash Credit HDFC Bank Limited 5 Crisil A-/Stable
4 Cash Credit ICICI Bank Limited 30 Crisil A-/Stable
Letter of credit & Bank Kotak Mahindra Bank
5 30 Crisil A2+
Guarantee Limited
Letter of credit & Bank
6 HDFC Bank Limited 102 Crisil A2+
Guarantee
Letter of credit & Bank Kotak Mahindra Bank
7 70 Crisil A2+
Guarantee Limited
Letter of credit & Bank
8 ICICI Bank Limited 106 Crisil A2+
Guarantee
Letter of credit & Bank
9 HDFC Bank Limited 216 Crisil A2+
Guarantee
Total 604
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 Cir
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