NSECredit Rating3 Jul 2026 · 3 Jul 2026, 04:37 pm

Credit Rating

Sagar Cements Limited · SAGCEM

✦ AI Summary▼ NegativeRating Change

Sagar Cements Limited has informed the Exchange about Credit Rating. India Ratings & Research Private Limited has downgraded Sagar Cements Limited's bank loan facilities' long-term rating to 'IND BBB' from 'IND BBB+', with a Stable Outlook, and short-term rating to 'IND A3+' from 'IND A2'.

Analysis Scores

Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment4/10

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Sagar Cements Limited has informed the Exchange about Credit Rating

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SAGCEM_03072026163657_Sclcreditrating03072026.pdf

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SAGAR CEMENTS LIMITED SCL: SEC: NSE: BSE: 2026-27 03rd July, 2026 The National Stock Exchange oflndia Ltd., The Secretary "Exchange Plaza", 5th Floor BSE Limited Bandra - Kurla Complex P J Towers Bandra (East) Dalal Street Mumbai - 400 051 Mumbai -400 001 Symbol SAGCEM Scrip Code: 502090 Series EQ ISIN INE 229C01021 Dear Sir, Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Credit Rating. Pursuant to Regulation 30 read with Part A of Schedule III to SEBI (LODR) Regulations 2015, we herewith inform you that India Ratings & Research Private Limited has since placed Sagar Cements Limited's Bank loan facilities at "IND BBB/Stable/IND A3+" from IND BBB+/Negative/IND A2. This is for your information and records. Thanking you Yours faithfully For Sagar Cements Limited Company Secretary M.No. A31113 Registered Office : CERTIFIED Plot No. 111, Road No. IO ,Jubilee Hills, Hyderabad • 500033,Telangana State, India. Phone : +91 40 23351571, 2335 1572 ISO 9001:2015 E-mail : info@sagarcements.in Website : www.sagarcements.in CIN : L26942TG 1981 PLC002887 GSTIN : 36AACCS8680H2ZY ISO 14001 :2015 ISO 45001 :2018 Factories: ISO 50001:2018 I) Mattampally Village & Manda!, Suryapet District, Telangana State -508204. Phone : 08683 247039 GSTIN : 36AACCS8680H IZ Z 2) Bayyavaram Village, Kasimkota Manda!, Anakapally District, Andhra Pradesh State -531031. Phone : 08924 244550 GSTIN : 37 AACCS8680H I ZX 3) Gudipadu Village, Yadik1 Manda!, Ananthapur District, Andhra Pradesh State -515408. Phone: 08558 200272 GSTIN : 37A ACCS8680H I ZX ~~~~=~ UKAS MAUAGEMENT 4) Kalinganagar, Industrial Complex,Tahsil-Dangadi, Dist• Jajpur, Odisha State. Phone : 08340 882288 GSTIN : 21 AACCS8680H I ZA SYSTEMS 0008 Mr. K. Prasad Chief Financial Officer Sagar Cements Limited Plot no 111, Rd no 10, Jubilee Hills, Hyderabad- 500 033 Telangana July 03, 2026 Dear Sir/Madam, Re: Rating Letter for BLR of Sagar Cements Limited India Ratings and Research (Ind-Ra) has downgraded Sagar Cements Limited’s (SCL) bank loan facilities’ long-term rating to ‘IND BBB’ from ‘IND BBB+’, with a Stable Outlook, and short-term rating to ’IND A3+’ from ‘IND A2’. The detailed rating actions are as follows: Instrument Type Date of Issuance Coupon Rate Maturity Date Size of Issue (million) Rating Assigned with Outlook/Watch Rating Action Bank loan facilities - - - INR7,709.60 IND BBB/Stable/IND A3+ Downgraded Bank loan facilities - - - INR1,930.40 IND BBB/Stable/IND A3+ Assigned Non convertible debentures# - - - INR115.40 WD Withdrawn #Ind-Ra is no longer required to maintain the rating as the NCDs have been repaid in full. This is consistent with Ind-Ra’s Policy on Withdrawal of Ratings. WD -Rating Withdrawn 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 & Resea [Showing first 8,000 characters — download PDF for full document]