NSECredit Rating- New31 Jul 2026 · 31 Jul 2026, 05:14 pm
Credit Rating- New
Kuantum Papers Limited · KUANTUM
✦ AI SummaryRating Change
Kuantum Papers Limited has informed the Exchange about Credit Rating- New, where India Ratings and Research (Ind-Ra) has assigned credit ratings to the Company's Bank Loans facilities and Fixed Deposits.
Analysis Scores
Earnings Impact0/10
Growth Catalyst0/10
Governance Concern0/10
Regulatory Risk0/10
Balance Sheet Risk0/10
Liquidity Impact0/10
Market Sentiment5/10
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Kuantum Papers Limited has informed the Exchange about Credit Rating- New
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KUANTUM_31072026171425_rating31072026.pdf
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31.07.2026
BSE Limited N a t i o n a l S tock Exchange of India Limited
Phiroze Jeejeebhoy Towers E x c h a n g e Plaza
Dalal Street P lo t N o . C /1, G Block,
Mumbai 400 001 B a n d r a - K urla Complex, Bandra (East)
Scrip Code: 532937 Mumbai 400 051
Scrip ID: KUANTUM T r a d i ng Symbol: KUANTUM
Sub: Intimation under Regulation 30 of the SEBI(Listing Obligations and Disclosure
Requirements) Regulations, 2015 – Credit Rating
Dear Sir/Madam,
Pursuant to Regulation 30 read with Schedule III of SEBI(Listing Obligations and Disclosure
Requirements) Regulations, 2015, We hereby inform you that India Ratings and Research (Ind-
Ra) has, vide its letter dated 31.07.2026, (Copy enclosed), assigned the following credit ratings to
the Company’s Bank Loans facilities and Fixed Deposits:
Instrument Regulator of Date of Coupon Maturity Size of Rating Assigned Rating
Type Rate Date Issue (INR along with Action
Instrument Issuance
(%) million) Watch/Outlook
Bank loan RBI - - - 11,413.4 IND A-/Stable/IND Affirmed
facilities A2+
Fixed RBI - - - 330 IND A-/Stable Affirmed
deposit
Fixed RBI - - - 70 IND A-/Stable Assigned
deposit
Kindly take note of the same.
Thanking You,
Yours Faithfully
For Kuantum Papers Limited
Gurinder Singh Makkar
Company Secretary and Compliance Officer
M.No.: F5124
Mr. Jagesh Kumar Khaitan
Chairman
Kuantum Papers Limited
W1A, Godrej Eternia, 70 Industrial Area,
Phase I, Chandigarh-160 002
July 31, 2026
Dear Sir/Madam,
Re: Rating Letter for BLR of Kuantum Papers Limited
India Ratings and Research (Ind-Ra) has taken the following action Kuantum Papers Limited’s (KPL) bank loan facilities:
Instrument Type Regulator of Date of Coupon Rate Maturity Date Size of Issue (INR Rating Assigned along with Rating Action
Instrument Issuance (%) million) Watch/Outlook
Bank loan facilities RBI - - - 11,413.4 IND A-/Stable/IND A2+ Affirmed
Fixed deposit RBI - - - 330 IND A-/Stable Affirmed
Fixed deposit RBI - - - 70 IND A-/Stable Assigned
In issuing and maintaining its ratings, India Ratings relies on factual information it receives from issuers and underwriters and from other
sources India Ratings believes to be credible. India Ratings conducts a reasonable investigation of the factual information relied upon by it in
accordance with its ratings methodology, and obtains reasonable verification of that information from independent sources, to the extent such
sources are available for a given security.
The manner of India Ratings factual investigation and the scope of the third-party verification it obtains will vary depending on the nature of
the rated security and its issuer, the requirements and practices in India where the rated security is offered and sold, the availability and
nature of relevant public information, access to the management of the issuer and its advisers, the availability of pre-existing third-party
verifications such as audit reports, agreed-upon procedures letters, appraisals, actuarial reports, engineering reports, legal opinions and other
reports provided by third parties, the availability of independent and competent third-party verification sources with respect to the particular
security or in the particular jurisdiction of the issuer, and a variety of other factors.
Users of India Ratings ratings should understand that neither an enhanced factual investigation nor any third-party verification can ensure that
all of the information India Ratings relies on in connection with a rating will be accurate and complete. Ultimately, the issuer and its advisers
are responsible for the accuracy of the information they provide to India Ratings and to the market in offering documents and other reports.
In issuing its ratings India Ratings must rely on the work of experts, including independent auditors with respect to financial statements and
attorneys with respect to legal and tax matters. Further, ratings are inherently forward-looking and embody assumptions and predictions about
future events that by their nature cannot be verified as facts. As a result, despite any verification of current facts, ratings can be affected
by future events or conditions that were not anticipated at the time a rating was issued or affirmed.
India Ratings seeks to continuously improve its ratings criteria and methodologies, and periodically updates the descriptions on its website of
its criteria and methodologies for securities of a given type. The criteria and methodology used to determine a rating action are those in
effect at the time the rating action is taken, which for public ratings is the date of the related rating action commentary. Each rating action
commentary provides information about the criteria and methodology used to arrive at the stated rating, which may differ from the general
criteria and methodology for the applicable security type posted on the website at a given time. For this reason, you should always consult
the applicable rating action commentary for the most accurate information on the basis of any given public rating.
Ratings are based on established criteria and methodologies that India Ratings is continuously evaluating and updating. Therefore, ratings are
the collective work product of India Ratings and no individual, or group of individuals, is solely responsible for a rating. All India Ratings
reports have shared authorship. Individuals identified in an India Ratings report were involved in, but are not solely responsible for, the
opinions stated therein. The individuals are named for contact purposes only.
Ratings are not a recommendation or suggestion, directly or indirectly, to you or any other person, to buy, sell, make or hold any investment,
loan or security or to undertake any investment strategy with respect to any investment, loan or security or any issuer. Ratings do not
comment on the adequacy of market price, the suitability of any investment, loan or security for a particular investor (including without
limitation, any accounting and/or regulatory treatment), or the tax-exempt nature or taxability of payments made in respect of any investment,
loan or security. India Ratings is not your advisor, nor is India Ratings providing to you or any other party any financial advice, or any legal,
auditing, accounting, appraisal, valuation or actuarial services. A rating should not be viewed as a replacement for such advice or services.
Investors may find India Ratings ratings to be important information, and India Ratings notes that you are responsible for communicating the
contents of this letter, and any changes with respect to the rating, to investors.
It will be important that you promptly provide us with all information that may be material to the ratings so that our ratings continue to be
appropriate. Ratings may be raised, lowered, withdrawn, or placed on Rating Watch due to changes in, additions to, accuracy of or the
inadequacy of information or for any other reason India Ratings deems sufficient.
Nothing in this letter is intended to or should be construed as creating a fiduciary relationship between India Ratings and you or between
India Ratings and any user of the ratings.
In this letter, “India Ratings” means India Ratings & Research Pvt. Ltd. and any successor in interest.
We are pleased to have had the opportunity to be of service to you. If we can be of further assistance, please email us at
infogrp@indiaratings.co.in
Sincerely,
India Ratings
Abhishek Bhattacharya
Senior Director
KuantumPapersLimited 31-July-2026
Annexure: Facilities Breakup
Regulator of Outstanding/Rated Amount(INR
Instrument Description Instrument Bank Name Ratings million)
Term loan RBI HDFC Bank Limited IND A-/Stable 1069.30
Term loan RBI HDFC Bank Limited IND A-/Stable 29.80
Term loan RBI Canara Bank IND A-/Stable 700.00
Term loan RBI Indian Bank IND A-/Stable 244.80
Term loan RBI RBL Bank IND A-/Stable 1077.50
Term loan RBI State Bank of India IND A-/Stable 2500.00
Term loan RBI Yes Bank Ltd IND A-/Stable 1640.20
Term loan RBI Bajaj
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