NSECredit Rating- Revision2 Jul 2026 · 2 Jul 2026, 12:46 pm
Credit Rating- Revision
SRM Contractors Limited · SRM
✦ AI SummaryRating Change
SRM Contractors Limited has informed the Exchange about Credit Rating- Revision. CAREEdge Ratings Limited has upgraded the company's long-term and short-term bank facilities ratings to CARE A; Stable and CARE A1; Stable/CARE A2 respectively.
Analysis Scores
Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment6/10
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Full Announcement
SRM Contractors Limited has informed the Exchange about Credit Rating- Revision
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SRMCONTRACT_02072026124626_REVISIONOFCREDITRATING020726.pdf
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Dated: 02.07.2026
The Manager, The General Manager,
Department of Corporate Services Department of Corporate Services
BSE Limited The National Stock Exchange of India Limited
Floor 25, P.J. Towers, Plot No. C/1, G Block, Bandra Kurla complex,
Dalal Street, Mumbai – 400 001 Bandra, Mumbai – 400 051
BSE Scrip code – [544158] NSE Scrip code – [SRM]
Equity ISIN INE0R6Z01013
Sub.: Intimation regarding the Credit Ratings of the company
Dear Sir/Madam,
With the reference to the captioned subject and pursuant to the Regulation 30 read with Part
A of the schedule III of the SEBI Listing Regulations, this is to inform you that CareEdge
Ratings Limited vide letter dated 01st July,2026 have rated the enhanced Long term/ Short
term Bank Facilities availed by the company including the existing limits.
Please Find Below the details of ratings of the company’s borrowing facilities from its bankers:
Facilities Amount( Crores) Rating1 Rating Action
Long Term Bank 20.90(Enhanced CARE A; Stable Upgraded from
Facilities From 6.90) CARE A-; Stable
Long Term/ Short 409.50 (Enhanced CARE A; Stable/ Upgraded from
Term Bank From 223.50) CARE A1 CARE A-;
Facilities Stable/CARE A2
Rating Letter from CareEdge Ratings Limited is enclosed herewith.
The aforesaid information is also placed on the website of the company at www.srmcpl.com
This is for your information and kindly take the same to your records.
Thanking you,
SRM Contractors Limited
Arun Mathur
Company Secretary and Compliance Officer
M.no. 36848
SRM CONTRACTORS LIMITED
(Formerly known as ‘SRM CONTRACTORS PRIVATE LIMITED’)
CIN: L45400JK2008PLC002933
Regd. Office: Sector-3, Near BJP Head Office, Trikuta Nagar, Jammu-180012
Telefax:0191-2472729. Email:srmcontractors@gmail.com;
GSTIN: 01AAMCS4397M1ZT
No. CARE/NRO/RL/2026-27/1584
Shri Sanjay Mehta
Managing Director
SRM Contractors Limited
1 Sector-3 Near BJP Head Office Trikuta Nagar
Jammu
Jammu & Kashmir 180012
July 01, 2026
Confidential
Dear Sir,
Credit rating for bank facilities
On the basis of recent developments including operational and financial performance of your Company for FY26
(Audited), our Rating Committee has reviewed the following ratings:
Amount
Facilities Rating1 Rating Action
(₹ crore)
Long Term Bank 20.90 Upgraded from CARE A-
CARE A; Stable
Facilities (Enhanced from 6.90) ; Stable
Long Term / Short Term 409.50 CARE A; Stable / Upgraded from CARE A-
Bank Facilities (Enhanced from 223.50) CARE A1 ; Stable / CARE A2
2. Refer Annexure 1 for details of rated facilities.
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 03, 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.
1Complete definitions of the ratings assigned are available at www.careratings.com and in other CARE Ratings Ltd.’s publications.
CARE Ratings Limited
Plot no. C-001 A/2 Sector 16B, Berger Tower, Gautam Corporate Office :4th Floor, Godrej Coliseum,
Budh Nagar, Noida, (UP) - 201301 Somaiya Hospital Road, Off Eastern Express
Phone: +91-120-4452000 Highway, Sion (E), Mumbai - 400 022
Phone: +91-22-6754 3456 • www.careedge.in
CIN-L67190MH1993PLC071691
Page 1 of 4
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.careratings.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,
Kritika Goyal Rajan Sukhija
Lead Analyst Associate Director
kritika.goyal@careedge.in rajan.sukhija@careedge.in
Encl.: As above
CARE Ratings Limited
Plot no. C-001 A/2 Sector 16B, Berger Tower, Gautam Corporate Office :4th Floor, Godrej Coliseum,
Budh Nagar, Noida, (UP) - 201301 Somaiya Hospital Road, Off Eastern Express
Phone: +91-120-4452000 Highway, Sion (E), Mumbai - 400 022
Phone: +91-22-6754 3456 • www.careedge.in
CIN-L67190MH1993PLC071691
Page 2 of 4
Disclaimer
This disclaimer pertains to the ratings issued and content published by CARE Ratings Limited (“CareEdge Ratings”). 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 reflects 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 relationship between CareEdge Ratings and the user.
CAREEDGE RATINGS DISCLAIMS WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR OTHER WARRANTIES OR CONDITIONS, 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/associate
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