BSECompany Update8h ago · 9 Nov 2026, 09:35 pm
Spectrum Electrical Industries Limited has informed the Exchange regarding CRISIL Credit Rating on Enhancement of Bank Loan Facilities from the Rs.250 Crore to Rs.320 Crore
Spectrum Electrical Industries Ltd · 544386
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Spectrum Electrical Industries Ltd has informed the Exchange regarding CRISIL Credit Rating on Enhancement of Bank Loan Facilities from Rs.250 Crore to Rs.320 Crore.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk3/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Spectrum Electrical Industries Ltd - 544386 - Announcement under Regulation 30 (LODR)-Credit Rating
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Date: 09/11/2026
The Manager The Manager
Listing Compliance Department Listing Compliance Department
The National Stock Exchange of India Limited BSE Limited
Exchange Plaza, 5th Floor, Plot C/1 Block, P. J. Towers, Dalal Street,
Bandra Kurla Complex, Bandra (E), Mumbai 400001.
Mumbai 400051.
NSE Symbol: SPECTRUM Script Code: 544386
ISIN: INE01EO01010
Series: EQ
Sub.: Intimation regarding CRISIL Credit Rating on Enhancement of Bank Loan Facilities from Rs. 250
Crore to Rs. 320 Crore
Dear Sir/Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we
wish to inform you that the Company has received a Credit Rating Letter dated November 6, 2026, from CRISIL
Ratings Ltd. regarding the enhancement of the Company's Bank Loan Facilities from Rs.250 Crore to Rs.320 Crore.
The details of the ratings assigned by CRISIL Ratings Ltd. are as follows:
Total Bank Loan Facilities Rated Rs.320 Crore (Enhanced from Rs.250 Crore)
Long Term Rating Crisil A - /Stable
Short Term Rating Crisil A2 +
The existing credit ratings assigned to the Company have been reaffirmed without any change.
We are enclosing herewith a copy of the Credit Rating Letter dated November 6, 2026, received by the Company
through email dated November 9, 2026, for your information and records.
Thanking you,
Yours faithfully,
For Spectrum Electrical Industries Limited
Rahul Lavane
M. No.: A57240
Company Secretary and Compliance Officer
Address: Gat No. 139/1 and 139/2, Umale,
Jalgaon 425003.
Regd. Office : Gat No. 139/1 and 139/2, Umala, Jalgaon, Maharashtra - 425003. Tel.: 0257-2210192
Website : www.spectrum-india.com Email: - info@spectrum-india.com CIN No. L28100MH2008PLC185764
CONFIDENTIAL
RL/SPELIL/409257/BLR/1126/163556
November 06, 2026
Mr. Pankaj Rote
Chief Financial Officer
Spectrum Electrical Industries Limited
Gat No. 139/1 and 139/2,
Umala,
Jalgaon - 425003
8411883404
Dear Mr. Pankaj Rote,
Re: Review of Crisil Ratings on the bank facilities of Spectrum Electrical Industries 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.320 Crore (Enhanced from Rs.250 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
Rushabh Pramod Borkar 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 HDFC Bank Limited 0.14 Crisil A2+
2 Bill Discounting HDFC Bank Limited 1 Crisil A2+
3 Cash Credit YES Bank Limited 25 Crisil A-/Stable
4 Cash Credit HDFC Bank Limited 40 Crisil A-/Stable
5 Cash Credit YES Bank Limited 30 Crisil A-/Stable
6 Channel Financing State Bank of India 25 Crisil A-/Stable
7 Letter of Credit HDFC Bank Limited 0.21 Crisil A2+
Proposed Working Capital
8 -- 2.34 Crisil A2+
Facility
9 Term Loan YES Bank Limited 51.01 Crisil A-/Stable
10 Term Loan HDFC Bank Limited 100.3 Crisil A-/Stable
Working Capital Demand
11 Shinhan Bank 20 Crisil A-/Stable
Loan
Working Capital Demand
12 HDFC Bank Limited 25 Crisil A-/Stable
Loan
Total 320
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
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