BSECompany Update16h ago · 25 Sept 2026, 06:53 pm
Credit Rating assigned/ reaffirmed by ICRA Limited
Senco Gold Ltd · 543936
✦ AI SummaryRating Change
Senco Gold Ltd has announced that ICRA Limited has assigned/reaffirmed credit ratings to various instruments/facilities of the company, including the Fixed Deposit Programme, Commercial Paper, and Fund-Based/Non-Fund-Based facilities.
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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Full Announcement
Senco Gold Ltd - 543936 - Announcement under Regulation 30 (LODR)-Credit Rating
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Ref: SEC/SE/51/2026-27 Date: 25th September 2026
The Manager- Listing The Manager – Listing
The National Stock Exchange of India Limited BSE Limited
“Exchange Plaza”, Bandra – Kurla Complex, Bandra Corporate Relationship Department
(EAST), Mumbai – 400051 Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai – 400001
NSE SYMBOL: SENCO BSE SCRIP CODE: 543936
Dear Sir(s)/ Madam(s),
Sub: Intimation regarding Credit Rating under Regulation 30 of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, please find enclosed the revised rating letter issued by ICRA Limited,
in connection with the enhancement in the Fixed Deposit Programme of the Company. The credit
ratings reaffirmed/ assigned by ICRA to the various instruments/facilities of the Company are as below:
Instrument/Facilities Rated Amount Rating Rating Action
(in Rs. crore)
Long-Term – Fixed 880.00 [ICRA]A+ (Stable) Reaffirmed/ Assigned for
Deposit Programme enhanced amount
Short-Term – Commercial 500.00 [ICRA]A1 Reaffirmed
Paper
Long-Term / Short-Term 2400.00 [ICRA]A+(Stable) / Reaffirmed
– Fund-Based / Non- [ICRA]A1
Fund-Based – Working
Capital Facilities
Long-Term / Short-Term 600.00 [ICRA]A+(Stable) / Reaffirmed
– Unallocated Limits [ICRA]A1
The rating letter issued by ICRA Limited along with rating rationale are enclosed herewith and shall
also be available on the website of the company.
Yours sincerely,
For SENCO GOLD LIMITED
Mukund Chandak
Company Secretary & Compliance Officer
Membership No. A20051
Encl: As above
ICRA/ Senco Gold Limited/ 25092026/ 3
September 25, 2026
Mr. Sanjay Banka
Chief Financial Officer,
Senco Gold Limited,
Diamond Prestige, 19th Floor,
41A, A. J. C. Bose Road,
Kolkata – 700 017
Dear Sir
Re: ICRA’s Credit Rating for below mentioned Instruments of Senco Gold 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.
Rated Amount Financial Sector
Instrument Rating Action1
(Rs. crore) Regulator#
[ICRA]A+ (Stable), reaffirmed/assigned for
Fixed Deposit Programme 880.00 MCA
enhanced amount
Total 880.00
# SEBI’s grievance redressal/dispute resolution and SEBI investor protection mechanisms such as SCORES and ODR shall not be available for activities
and instruments which fall under the regulatory purview of Financial Sector Regulators other than SEBI.
Once the instrument is issued, the rating is valid throughout the life of the captioned programme until
withdrawn. 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.
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 fixed deposits 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
1 Complete definitions of the ratings assigned are available at www.icra.in.
ICRA Limited
Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel. +91-11-23357940-41
Building No. 8, 2nd floor, Tower A, DLF Cyber City, Phase II, Gurugram-122002
www.icra.in info@icraindia.com +91-93547-38909
Sensitivity Label : Restricted
+0124-4545300 CIN: L74999DL1991PLC042749
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
Sujoy Saha
Vice President
sujoy.saha@icraindia.com
Sensitivity Label : Restricted
ICRA/ Senco Gold Limited/ 25092026/ 2
September 25, 2026
Mr. Sanjay Banka
Chief Financial Officer,
Senco Gold Limited,
Diamond Prestige, 19th Floor,
41A, A. J. C. Bose Road,
Kolkata – 700 017
Dear Sir,
Re: ICRA’s Credit Rating for below mentioned Instruments of Senco Gold Limited
As per the Rating Agreement/Statement of Work executed with ICRA Limited, ICRA’s Rating Committee has
taken the below rating actions for the mentioned instruments of your company.
Rated Amount Financial Sector
Instrument Rating Action1
(Rs. crore) Regulator#
Commercial Paper^ 500.00 [ICRA]A1, reaffirmed RBI
Total 500.00
^ Commercial Paper will be carved out of the sanctioned working capital facilities
# SEBI’s grievance redressal/dispute resolution and SEBI investor protection mechanisms such as SCORES and ODR shall not be available for activities
and instruments which fall under the regulatory purview of Financial Sector Regulators other than SEBI.
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.
Additionally, we wish to highlight the following with respect to the Rating(s):
(a) If the instrument rated, as above, is not issued by you within a period of 3 months from the date of this
letter, the Rating(s) would need to be revalidated before issuance;
(
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