NSECredit Rating1 Jul 2026 · 1 Jul 2026, 10:36 am
Credit Rating
Surya Roshni Limited · SURYAROSNI
✦ AI SummaryRating Change
Surya Roshni Limited has had its credit ratings reaffirmed by CARE Edge Ratings, with its long-term bank facilities rated at AA with a stable outlook and short-term bank facilities rated at A1+ with a reaffirmed rating.
Analysis Scores
Earnings Impact0/10
Growth Catalyst0/10
Governance Concern0/10
Regulatory Risk0/10
Balance Sheet Risk0/10
Liquidity Impact0/10
Market Sentiment0/10
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Surya Roshni Limited has informed the Exchange about Credit Rating
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SURYAROSNI_01072026103515_CARE_Credit_Rating_Reaffirmed.pdf
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SURYA ROSHNI LIMITED
An IS/ISO 9001, An ISnSO 14001
& IS: 18001 Company
CIN-L31501HR1973PLC007543
Padma Tower-I, Rajendra Place, New Delhi-110 008
Ph.: +91-11-47108000 E-mail: cs@surya.in
Website : www.surya.co.in
SRL/26-27/13 July 01, 2026
The Secretary The Manager (Listing Department)
BSE Limited The National stock Exchange of India Ltd
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th floor, Plot No. C/1, G Block
Dalal Street, Bandra Kurla Complex, Bandra (E)
MUMBAI - 400001 Mumbai - 400 051
Scrip Code: 500336 NSE Symbol: SURYAROSNI
SUB: CARE RA TING REAFFIRMED TO AA; STABLE FOR LONG TERM BANK
FACILITIES AND Al+ FOR SHORT TERM BANK FACILITIES
Madam / Sir,
In terms of Regulation 30 read with Para A-of Part A of Schedule III and other applicable provisions of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby infonned that
CARE Edge Ratings vide its letters dated June 30, 2026 has conveyed ratings of Surya Roshni Limited as
mentioned hereunder:
Facilities/Instruments Amount Ratings Rating Action
(~ crore)
Long Term Bank Facilities 349.00 CARE AA ; Stable Reaffirmed
<Double A; Stable)
Short Term Bank Facilities 651.00 CARE Al+ Reaffirmed
(A One Plus)
The reaffinned of the ratings assigned to the bank facilities factors in Surya Roshni Limited's (SRL) is on
the basis of recent developments including operational and financial perfonnance of the Company for FY26
(Audited) and the possible impact of the same on the credit profile of the Company.
The letter CARE/HO/RL/2026-27/1813 dated June 30 2026 as received from CARE Edge Ratings is
enclosed for your reference.
Kindly take the same in your records
Thanking you,
Yours faithfully,
for Surya Roshni Limited
BB Singal
CFO & Company Secretary
Enclosed: as above.
• Regd. Office : Prakash Nagar, Sankhol, Bahadurgarh, Haryana -124507
CareEdge
RATINGS
No.CARE/HO/RL/2026-27/1813
Shri Sanjay Mittal
Senior General Manager
Surya Roshni Limited
2nd Floor Padma Tower 1
Rajendra Place
New Delhi
Delhi 110008
June 30, 2026
confidential
Dear Sir,
Credit rating for bank facmt;es
On the basis of recent developments including operational and financial performance of your Company for FY26
(Audited) and the possible impact of the same on the credit profile of your company our Rating Committee has
reviewed the following ratings:
Amount
Facilities Rating1 Rating Action
(t crore)
Long Term Bank
349.00 CARE AA; Stable Reaffirmed
Facilities
Short Term Bank
651.00 CARE Al+ Reaffirmed
Facilities
2. Refer Annexure 1 for details of rated facilities.
'Complete definitions of the ratings assigned are available at www.careratings.com and in other CARE Ratings ltd.'s publications.
CARE Ratings Limited
4th Floor, Godrej Coliseum, Soma1ya Hospital Road, Off Eastern Express Highway, Sion (East), Mumbai
Phone: +91-22-6754 3456 • www.careedge.in
CIN-L67190MH1993PLC071691
Page 1 of 5
3. The rating report for the rating will be communicated to you separately. A write-up (press release) on the
above rating is proposed to be issued to the press shortly, a draft of which is enclosed for your perusal as Annexure
2. We request you to peruse the annexed document and offer your comments if any. We are doing this as a matter
of courtesy to our clients and with a view to ensure that no factual inaccuracies have inadvertently crept in. Kindly
revert as early as possible. In any case, if we do not hear from you by July 08, 2026, we will proceed on the basis
that you have no any comments to offer.
4. CARE Ratings Ltd. reserves the right to undertake a surveillance/review of the rating from time to time, based
on circumstances warranting such review, subject to at least one such review/surveillance every year.
5. CARE Ratings Ltd. reserves the right to revise/reaffirm/withdraw the rating assigned as also revise the outlook,
as a result of periodic review/surveillance, based on any event or information which in the opinion of CARE Ratings
Ltd. warrants such an action. In the event of failure on the part of the entity to furnish such information, material or
clarifications as may be required by CARE Ratings Ltd. so as to enable It to carry out continuous monitoring of the
rating of the bank facilities, CARE Ratings Ltd. shall carry out the review on the basis of best available information
throughout the life time of such bank facilities. In such cases the credit rating symbol shall be accompanied by
"ISSUER NOT COOPERATING". CARE Ratings Ltd. shall also be entitled to publicize/disseminate all the afore
mentioned rating actions In any manner considered appropriate by it, without reference to you.
6. Our ratings do not take into account the sovereign risk, if any, attached to the foreign currency loans, and the
ratings are applicable only to the rupee equivalent of these loans.
7. Our ratings do not factor In any rating related trigger clauses as per the terms of the facility/instrument, which
may involve acceleration of payments in case of rating downgrades. However, if any such clauses are Introduced and
if triggered, the ratings may see volatility and sharp downgrades.
8. Users of this rating may kindly refer our website www.careratinqs.com for latest update on the outstanding
rating.
9. CARE Ratings Ltd. ratings are not recommendations to sanction, renew, disburse or recall the concerned bank
facilities.
If you need any clarification, you are welcome to approach us in this regard.
Thanking you,
Yours faithfully,
CARE Ratings Limited
4th Floor, Godrej Coliseum, Soma1ya Hospital Road, Off Eastern Express Highway, Sion (East), Mumbai
Phone: +91-22-6754 3456 • www.careedge.in
CIN-L67190MH1993PLC071691
Page 2 of 5
Himanshu Mahlyan Hitesh Avachat
Lead Analyst Director
himanshu.mahjyan@careedqe.in hitesh.avachat@careedqe.in
End,: As above
Disclaimer
This disclaimer pertains to the ratings Issued and content published by CARE Ratings Limited rcareEdge Ratingsj. Ratings are opinions on the
likelihood of timely payment of the obligations under the rated Instrument and are not recommendations to sanction, renew, disburse, or recall the
concerned bank facilities or to buy, sell, or hold any security. Any opinions expressed herein are In good faith and are subject to change without notice.
The rating refiects the opinions as on the date of the rating. A rating does not convey suitability or price for the Investor. The rating agency does not
conduct an audit on the rated entity or an Independent verification of any Information it receives and/or relies on for the rating exercise. careEdge
Ratings has based Its ratings/outlook on the Information obtained from reliable and credible sources. careEdge Ratings does not, however, guarantee
the accuracy, adequacy, or completeness of any Information and Is not responsible for any errors or omissions and the results obtained from the use of
such Information. The users of the rating should rely on their own Judgment and may take professional advice while using the rating In any way.
careEdge Ratings shall not be liable for any losses that user may Incur or any financial liability whatsoever to the user of the rating. The use or access
of the rating does not create a client relatlonshlp between careEdge Ratings and the user.
CAREEDGE RATINGS DISCLAIMS WARRAN'TY OF ANY KIND, EXPRESS, IMPLIED OR OTHER WARRANTIES OR CONDITTONS, TO THE EXTENT
PERMITTED BY APPLICABLE LAWS, INCLUDING WARRANTIES OF MERCHANTABILITY, ACCURACY, COMPLETENESS, ERROR·FREE, NON·
INFRINGEMENT, NON-INTERRUPTION, SATISFACTORY QUALITY, FITNESS FOR A PARTICULAR PURPOSE OR INTENDED USAGE.
Most entities whose bank facilities/instruments are rated by careEdge Ratings have paid a credit rating fee, based on the amount and type of bank
facilities/instruments. careEdge Ratings or its subsidiaries/associates may also be involved with other commercial transactions with the entity. careEdge
Ratings does not act as a fiduciary by providing the rating. The ratings are Intended for use only within the jurisdiction of India. The ratings o
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