NSECredit Rating3 Jul 2026 · 3 Jul 2026, 06:23 pm

Credit Rating

Foods & Inns Limited · FOODSIN

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Foods & Inns Limited has informed the Exchange about Credit Rating by India Ratings & Research. The company's bank loan facilities have been rated IND BBB+/ Stable/ IND A2 by India Ratings.

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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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Foods & Inns Limited has informed the Exchange about Credit Rating

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FOODSIN_03072026182315_Covering_Letter_India_Rating_03-07-2026.pdf

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Date: 3rd July, 2026 To, To, BSE Limited National Stock Exchange of India Limited The General Manager, Exchange Plaza, 5th Floor, Department of Corporate Services, Plot No. C/1, G Block, P.J. Towers, Dalal Street, Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), M umbai – 400 051 Scrip Code: 507552 Symbol: FOODSIN Dear Sir/ Madam, Sub.: Submission of Information of Credit Rating by India Ratings & Research Pursuant to the requirement of Regulation 30 of the SEBI (LODR) Regulations 2015, we would like to inform that India Ratings has reviewed Credit ratings of the Company for bank facilities. Details of the Credit ratings are as under: Total Bank Loan facility rated Rs. 349.50 Crore Bank Loan Facility (Rs. 49.50 Crore) India Ratings – IND BBB+/ Stable/ IND A2 Bank Loan Facility (Rs. 300.00 Crore) India Ratings – IND BBB+/ Stable/ IND A2 Rating Rationale of the India Ratings is enclosed herewith. This is for your information and records. Thanking you, Yours faithfully, For FOODS AND INNS LIMITED Ameya T. Masurkar Company Secretary and Compliance Officer Foods & Inns Ltd. Corporate Address: J. N. Heredia Marg, Hamilton House, 3rd floor, Ballard Estate, Mumbai - 400038 +91-22-22613102 | writetous@foodsandinns.com | www.foodsandinns.com | CIN No: L55200MH1967PLC013837 Registered Address: Udyog Bhavan, 2nd Floor, 29 Walchand Hirachand Marg, Ballard Estate, Mumbai 400038 Moloy Saha Chief Executive Officer Foods and Inns Ltd 3rd Floor, 8, JN Heredia Rd, Ballard Estate, Fort, Mumbai, Maharashtra 400001 June 26, 2026 Dear Sir/Madam, Re: Rating Letter for BLR of Foods and Inns Ltd India Ratings and Research has taken the following rating actions on Foods and Inns Limited's (FIL) Bank loan facilities: Instrument Type Date of Issuance Coupon Rate Maturity Date Size of Issue (million) Rating Assigned with Outlook/Watch Rating Action Bank loan facilities - - - INR3,000 IND BBB+/Stable/IND A2 Assigned Bank loan facilities - - - INR495 IND BBB+/Stable/IND A2 Affirmed 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 FoodsandInnsLtd 26-June-2026 Annexure: Facilities Breakup Instrument Description Bank Name Ratings Outstanding/Rated Amount(INR million) Fund-based working capital limits State Bank of India IND BBB+/Stable/IND A2 680.00 Fund Based Working Capital Limit Union Bank of India IND BBB+/Stable/IND A2 1180.00 Non-Fund Based Working Capital Limit Union Bank of India IND A2 290.00 Fund Based Working Capital Limit HDFC Bank Limited IND BBB+/Stable/IND A2 790.00 Non-Fund Based Working Capital Limit HDFC Bank Limited [Showing first 8,000 characters — download PDF for full document]