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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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
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