BSECompany Update4 Aug 2026 · 4 Aug 2026, 01:47 pm
Intimation of credit rating assigned by India Ratings and Research - details enclosed.
Artson Ltd · 522134
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Artson Ltd has been assigned an IND A+/Stable credit rating by India Ratings and Research, with no change in the rating from the previous IND A+/Stable.
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Full Announcement
Artson Ltd - 522134 - Announcement under Regulation 30 (LODR)-Credit Rating
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4th August 2026
Corporate Relationship Dept.
BSE Limited,
Phiroze Jeejeebhoy Towers,
Dalal Street, Fort, Mumbai - 400001,
Maharashtra
Dear Sir,
Sub: Intimation of the credit rating assigned.
Ref: Security Code: 522134
In compliance with Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, we wish to inform that India Ratings and Research (‘Ind-Ra’), A Fitch
Group Company, has assigned the following rating to the Company:
New Rating / Outlook Historical Rating/
S. No. Particulars
Assigned Outlook
1. Issuer Rating IND A+/Stable IND A+/Stable
2. Bank loan facilities IND A+/Stable/IND A1+ IND A+/Stable/IND A1+
The rating letter received from India Ratings and Research (‘Ind-Ra’) is enclosed.
Further, pursuant to the Regulation 46(2) of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, the aforesaid information is also disclosed on the website of the Company, i.e.,
www.artson.net and on the website of ‘Ind-Ra’ at www.indiaratings.co.in.
Kindly take this communication on record.
For Artson Limited
(Formerly Artson Engineering Limited)
Sd/-
Deepak Tibrewal
Company Secretary & Compliance Officer
(FCS 8925)
Registered Office: Corporate Office:
14th Floor, Cignus, Plot No. 71A, Ground Floor, Mithona Towers-1,
Kailash Nagar, Mayur Nagar Passpoli, 1-7-80 to 87, Prenderghast Road,
Powai, Mumbai - 400087, Maharashtra, India. Secunderabad - 500003, Telangana, India.
Tel: +91 22 66255600 Tel: +91 40 66018175
Mr. Manoj Shah
Chief Financial Officer
Artson Limited
C/o Tata Projects Limited
14th Floor, Cignus, Plot No. 17 A,
Kailash Nagar, Mayur Nagar Passpoli,
Powai, Mumbai 400 087, Maharashtra.
August 03, 2026
Dear Sir/Madam,
Re: Rating Letter for BLR of ARTSON LIMITED (FORMERLY ARTSON ENGINEERING LIMITED)
India Ratings and Research (Ind-Ra) has affirmed Artson Limited’s (Artson) ratings as follows:
Instrument Type Regulator of Date of Issuance Coupon Maturity Size of Rating Rating
Instrument Rate Date Issue (INR Assigned with Action
million) Outlook/Watch
Issuer rating # - - - - IND A+/Stable Affirmed
Bank loan facilities RBI - - - 1,160 IND Affirmed
(reduced A+/Stable/IND
from 1,170) A1+
# There is no instrument being rated and hence, Regulator of the instrument is not applicable. The rating scale and definitions are being
followed as stipulated in SEBI Master Circular for CRAs.
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
ARTSONLIMITEDFORMERLYARTSONENGINEERINGLIMITED 03-August-2026
Annexure: Facilities Breakup
Regulator of Outst
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