BSECompany Update1d ago · 19 Oct 2026, 05:59 pm
Dear Sir/Madam, Please find the attachment herewith Crisil ratings
Navneet Education Ltd · 508989
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Navneet Education Ltd has received a credit rating of CRISIL A1+ for its bank guarantee facilities and commercial paper from Crisil Ratings Limited.
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Growth Catalyst0/10
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Navneet Education Ltd - 508989 - Announcement under Regulation 30 (LODR)-Credit Rating
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NEL/034/2026-27 Date: 19th October, 2026
The Secretary Corporate Relationship Department
National Stock Exchange of India Ltd. Bombay Stock Exchange Ltd.
Exchange Plaza, 5th Floor, Plot No. C/1, 1st Floor, New Trading Ring,
'G' Block, Bandra-Kurla Complex, Rotunda Building, P. J. Towers,
Bandra (East), Mumbai – 400051 Dalal Street, Fort, Mumbai – 400001.
Ref: Symbol– NAVNETEDUL
Ref: Scrip Code – 508989
Sub: Intimation in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 in respect of Credit Rating.
In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015, it is hereby informed that Crisil Ratings Limited vide
its Letter No. RL/NAVPUBL/407082/CP/1026/1026 and RL/NAVPUBL/407082/BLR/1026/161803
dated 19th October, 2026 has given its credit rating for Bank guarantee facilities and Commercial
paper as under:
Facilities Amount (Rs. crore) Rating
Bank Guarantee 2.00 CRISIL A1+
Commercial Paper 300.00 CRISIL A1+
A copy of the said letter from Crisil Ratings Limited, is enclosed herewith for your records
You are requested to take note of the above.
FOR NAVNEET EDUCATION LIMITED
AMIT D. BUCH
COMPANY SECRETARY
MEMBERSHIP NO. A15239
CONFIDENTIAL
RL/NAVPUBL/407082/BLR/1026/161803
October 19, 2026
Mr. Gnanesh D. Gala
Managing Director
Navneet Education Limited
Navneet Bhavan,
Bhavani Shankar Road,
Dadar (W)
Mumbai City - 400028
Dear Mr. Gnanesh D. Gala,
Re: Review of Crisil Ratings on the bank facilities of Navneet Education 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.2 Crore
Short Term Rating Crisil A1+ (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
Should you require any clarification, please feel free to get in touch with us.
With warm regards,
Yours sincerely,
Mahir Kantilal Gada Nivedita Shibu
Associate Director - Crisil Ratings Director - Crisil Ratings
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 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 2 Crisil A1+
Total 2
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
6 Listed Commercial Paper and NCDs with original maturity less than 1 year RBI
7 Unlisted Commercial Paper and NCDs with original maturity less than 1 year RBI
8 Loan Facilities (Fund/Non-Fund Based) from Bank/NBFCs/NHB/FIs ^ RBI
9 External Commercial Borrowings and other similar borrowings RBI
10 Certificates of Deposit RBI
11a Fixed Deposits raised by NBFCs,HFCs, FIs RBI
11b Fixed Deposits raised by Banks +
12 Fixed Deposits raised by corporates other than NBFCs, Banks, HFCs, FIs MCA
13 Inter Corporate Deposits/Loans extended by Corporates MCA
14 Borrowing programme ~ -
15 Issuer Ratings # -
16 Credit Ratings for Capital Protection Oriented Schemes (by Mutal Funds and AIFs) SEBI
17 Credit quality ratings (CQRs) for Mutual Fund Schemes and Schemes of AIFs SEBI
18 Listed Security Receipts $. RBI
19 Unlisted Security Receipts RBI
20 Independent Credit Evaluation (ICE) RBI
21 Expected Loss Ratings (for Loan Facilities (Fund/Non-Fund Based) from Bank/NBFCs/NHB/Fis) +
22 Expected Loss Ratings (Listed/Proposed to be listed bonds/debentures/preference share (all SEBI
securities))
23 Expected Loss Ratings (Unlisted/Proposed to be unlisted Bonds/Debentures/ Preference share (all MCA
securities))
24 Unlisted PTCs / Securitisation Notes (originated by entities not regulated by RBI) * Investor-side regulator such
as IRDAI, PFRDA @
* Includes securitisation transactions involving assignee payout, acquirer's payout.
~ The rated instrument may involve issuance of different instruments such as debt securities (listed or otherwise), bank loans, commercial paper (listed or otherwise),
etc. The regulator of the ins
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