BSECompany Update4d ago · 1 Aug 2026, 11:04 am
Credit Rating
TANFAC Industries Ltd-$ · 506854
✦ AI Summarycredit_rating
TANFAC Industries Ltd. has received credit ratings from ICRA for its working capital facilities and short-term unallocated limits. ICRA has assigned ratings of A+(Stable) and A1+ for the working capital facilities and short-term limits, respectively. The ratings are valid for one year and will be subject to surveillance.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment6/10
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Full Announcement
TANFAC Industries Ltd-$ - 506854 - Announcement under Regulation 30 (LODR)-Credit Rating
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SECY/S.E./2026-27 Date: August 01, 2026
BSE Limited
Department of Corporate Services
Phiroze Jeejeebhoy Towers,
25th Floor, Dalal Street,
Mumbai – 400 001
Scrip code: 506854
Dear Sir/Madam,
Sub: Intimation regarding Credit Rating under Regulation 30 of SEBI Listing
Regulations.
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“SEBI Listing Regulations”), we wish to inform you that ICRA has
assigned the below ratings on July 31, 2026 as follows:
Current rated Rating action
Instrument amount (Rs.
Crore)
Fund-based limits – Working capital
50.0 [ICRA]A+(Stab le); reaffirmed
facilities
Non-fund-based facilities – Working
105.0 [ICRA]A1+; rea ffirmed
capital facilities
Short-term – Unallocated Limits 40.00 [ICRA]A1+; reaffirmed
Total 195.0
The rating letter received from ICRA is attached herewith. This is for your kind information
and records.
Thanking you,
Sincerely yours,
For TANFAC Industries Limited
Vinod Kumar S
Company Secretary and Compliance Officer
Encl: As above
TANFAC INDUSTRIES LIMITED
(Joint Sector Company with TIDCO and Anupam Rasayan India Ltd.)
Registered Office & Factory: 14, SIPCOT Industrial Complex, Cuddalore – 607 005, Tamil Nadu, India
Tel: + 91 4142 239001 – 05| Fax: + 91 4142 239008 | Website: www.tanfac.com
Chennai Office: Oxford Centre, 1st Floor, 66, Sir C.P. Ramaswamy Road, Alwarpet, Chennai 600 018,
TN, India Tel.: +91-44-2499 0451/0561/0464 Fax: +91-44-2499 3583
GST: 33AAACT2591A1ZU | CIN: L24117TN1972PLC006271
ICRA Limited
ICRA/Tanfac Industries Limited/31072026/1
Date: July 31, 2026
Mr. N R Ravichandran
President and Chief Financial Officer
Tanfac Industries Limited
14, SIPCOT Industries Complex
Cuddalore - 607005
Dear Sir,
Re: ICRA’s Credit Rating for below mentioned Instruments of Tanfac Industries 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.
Current rated amount
Instrument Rating action
(Rs. crore)
Fund-based limits – Working capital facilities 50.0 [ICRA]A+(Stable); reaffirmed
Non-fund based facilities – Working capital
105.0 [ICRA]A1+; reaffirmed
facilities
Short-term – Unallocated Limits 40.00 [ICRA]A1+; reaffirmed
Total 195.0
The aforesaid rating(s) will become due for surveillance within one year from the date of rating communication letter. 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 instrument 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 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.
BuilSdeinngs Nitoiv. i8t,y 2 Lnda Fbleolo r: ,R Teoswterric Ate d Tel.: +91.124 .4545300 Website: www.icra.in
DLF Cyber City, Phase II CIN: L749999DL1991PLC042749 Email: info@icraindia.com
Gurugram – 122002, Haryana Helpdesk: +91 9354738909
Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel.: +91.11.23357940-41
RATING ● RESEARCH ● INFORMATION
We look forward to your communication and assure you of our best services.
With kind regards,
Yours sincerely,
For ICRA Limited
Prashant Vasisht
Senior Vice President & Co-Group Head
prashant.vasisht@icraindia.com
Sensitivity Label : Restricted
Annexure
Details of Bank Limits Rated by ICRA
Amount (Rs. crore) Rating Rating Assigned On
(Rated on Long-Term Scale)
Cash Credit Limits
State Bank of India 20.00
IDBI Bank Limited 10.00 [ICRA]A+ (Stable) July 31, 2026
HDFC Bank Limited 20.00
Total 50.00
Details of Bank Limits Rated by ICRA
Amount (Rs. crore) Rating Rating Assigned On
(Rated on Short-Term Scale)
Letter of Credit /Bank
Guarantee Limits
State Bank of India 60.00
IDBI Bank Limited 30.00 [ICRA]A1+ July 31, 2026
HDFC Bank Limited 15.00
Total 105.00
Details of Limits Rated by ICRA
Amount (Rs. crore) Rating Rating Assigned On
(Rated on Short-Term Scale)
Unallocated Limits
Unallocated Limits 40.00 [ICRA]A1+ July 31, 2026
Total 40.00
Sensitivity Label : Restricted