NSECredit Rating16 Jul 2026 · 16 Jul 2026, 06:39 pm
Credit Rating
Univastu India Limited · UNIVASTU
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Univastu India Limited has informed the Exchange about Credit Rating upgrade by Crisil Ratings Limited.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment9/10
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Univastu India Limited has informed the Exchange about Credit Rating
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UNIVASTU_16072026183856_IntimationCreditrating.pdf
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Date: 16th July, 2026
The Manager,
Listing Department,
The National Stock Exchange of India Limited,
Exchange Plaza, C/1, Block-G,
Bandra-Kurla Complex,
Bandra (E), Mumbai - 400 051
Company’s Scrip Code: UNIVASTU
Sub.:Intimation under Regulation 30 of Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘SEBI Listing
Regulations’)
Dear Sir,
Pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular
SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, we wish to inform you that ‘Crisil Ratings
Limited’ has vide its letter dated 16th July, 2026 has upgraded the credit rating for bank facilities as under;
Facilities Total Bank Loan Current Rating Previous Rating Rating Action
Facilities Rated Previous Rating
Long term Bank Crisil BBB-/Stable Crisil BB+/Stable Rating
Facilities Rs. 113 Crore Upgraded
(Enhanced from
Short term Bank Rs 35 Crore) Crisil A3 Crisil A4+ Rating
Facilities Upgraded
A copy of letter received from Crisil Ratings Limited is enclosed herewith..
Thanking you,
Yours faithfully,
For, UNIVASTU INDIA LIMITED
Sakshi Tiwari
Company Secretary and Compliance Officer
Membership No: ACS67056.
Encl. : as above
CONFIDENTIAL
RL/UVAPPL/396229/BLR/0726/153078
July 16, 2026
Mr. Girish Deshmukh
Chief Financial Officer
Univastu India Limited
Bunglow No. 36/B, Madhav Baug,
Shivtirth Nagar, Kothrud,
Paud Road,
Pune - 411038
9822089027
Dear Mr. Girish Deshmukh,
Re: Review of Crisil Ratings on the bank facilities of Univastu 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.113 Crore (Enhanced from Rs.35 Crore)
Long Term Rating Crisil BBB-/Stable (Upgraded from 'Crisil BB+/Stable')
Short Term Rating Crisil A3 (Upgraded from 'Crisil A4+')
(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,
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
Yours sincerely,
Himank Sharma Nivedita Shibu
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 HDFC Bank Limited 12 Crisil A3
2 Bank Guarantee Canara Bank 6 Crisil A3
3 Bank Guarantee Canara Bank 11 Crisil A3
4 Cash Credit HDFC Bank Limited 8 Crisil BBB-/Stable
5 Cash Credit Canara Bank 21 Crisil BBB-/Stable
6 Letter of Credit HDFC Bank Limited 2 Crisil A3
7 Letter of Credit Canara Bank 3 Crisil A3
Proposed Short Term Bank
8 -- 50 Crisil A3
Loan Facility
Total 113
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)* SEBI
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
11 Fixed Deposits raised by NBFC's, Banks, HFCs, Fis RBI
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 SEBI
19 Unlisted Security Receipts RBI
20 Independent Credit Evaluation (ICE) RBI
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 Cr
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