BSECompany Update1d ago · 18 Aug 2026, 04:48 pm
Update on Credit Ratings of the Company
CIE Automotive India Ltd · 532756
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CIE Automotive India Ltd has announced that ICRA Limited has reaffirmed its long-term and short-term credit ratings for the company's credit facilities, with a stable outlook.
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Full Announcement
CIE Automotive India Ltd - 532756 - Announcement under Regulation 30 (LODR)-Credit Rating
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SEC/2026/94 18th August, 2026
BSE Limited National Stock Exchange of India Limited
Corporate Relationship Department, Corporate Relationship Department,
P. J. Towers, Exchange Plaza, 5th Floor,
Dalal Street, Fort, Plot No. C/1, G Block, Bandra Kurla Complex,
Mumbai - 400 001. Bandra (E), Mumbai – 400 051.
BSE Scrip Code: 532756 NSE Symbol: CIEINDIA
Sub: Update on credit ratings of the Company.
Dear Sir / Madam,
Pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, we wish to inform you that ICRA Limited, the Credit
Rating Agency, has reaffirmed the long-term rating and the short-term rating assigned to the
Company for Credit Facility as per the details given below:
Type of the Credit Amount Status Rating / Outlook
facility
Line of Credit - Long- Rs. 575 Crore* Re-affirmed Long Term rating
term/ Short-term – [ICRA]AA (Stable)
Fund-based/ Non- Short term rating
Fund based- [ICRA]A1+
other/Unallocated*
*details of banks, facility and amount is provided in the letter’s issued by ICRA.
The letter issued by ICRA Limited is enclosed herewith. This is also being uploaded on the website
of the Company i.e., www.cie-india.com.
Kindly take the same on the record.
Thanking you,
Yours faithfully,
For CIE Automotive India Limited
Pankaj V. Goyal
Company Secretary, Chief Compliance Officer
and Head-Legal
Membership No. F13037
Encl: As above
CIE Automotive India Limited
CIN: L27100PN1999PLC245720
Registered Office
G Block, Bhosari Industrial Estate, Near BSNL office, Bhosari, Pune - 411026, Maharashtra, India.
Tel: +91 20 29804621 I website : www.cie-india.com I Email: contact.investors@cie-india.com
ICRA Limited
ICRA/CIEAutomotiveIndiaLimited(erstwhileMahindraCIEAutomotiveLimited)/18082026/1 Date: August 18, 2026
Mr. K Jayaprakash
Chief Financial Officer
CIE Automotive India Limited (erstwhile Mahindra CIE Automotive Limited)
G Block, Bhosari Industrial Estate, Near BSNL office,
Bhosari, Pune -411026, Maharashtra, India
DearSir,
Re: ICRA's Credit Rating for below mentionedInstruments ofCIE Automotive India Limited (erstwhile Mahindra CIE Automotive
Limited)
AspertheRatingAgreement/Statement ofWorkexecutedwithICRALimited, RatingCommittee has taken the following rating
actions for the mentioned instruments of your company.
RatedAmount(Rs. FinancialSector
Instrument
Crore)
RatingAction[1]
Regulator#
Long-term/Short-term-Fund-based/Non-fund [ICRA]AA(Stable)/[ICRA]A1+;
514.00 RBI
based -Others Reaffirmed
[ICRA]AA(Stable)/[ICRA]A1+;
Unallocatedlimits 61.00 RBI
Reaffirmed
Total 575.00
# grievanceredressal/disputeresolutionandSEBIinvestorprotectionmechanismssuchasSCORESandODRshallnotbeavailableforactivitiesand
instruments which fall under the regulatory purview of Financial Sector Regulators other than SEBI.
The aforesaid rating(s) will become due for surveillance within one year from the date of rating communicationletter.However,ICRA
reservestherighttoreviewand/or,revisetheaboverating(s)at any time based on new information becoming available, or the required
information not being available, or other circumstances that ICRA believes could have an impact on the rating(s). Therefore, request the
lenders and investors to visit ICRA website at www.icra.infor latest rating(s) of the company.
Therating(s)arespecifictothetermsandconditionsoftheinstrumentsasindicatedtousbyyou,and anychangeinthetermsorsizeof
thesamewouldrequireareviewoftherating(s)byus.Incasethere is any change in the terms and conditions or the size of the rated
instrument, the same must be brought to our notice before the instrument is used by you. In the event such changes occur after the
rating(s) have been assigned by us and their use has been confirmed by you, the rating(s) would be subject to our review, following
which there could be a change in the rating(s) previously assigned.
Notwithstandingtheforegoing,anychangeintheover-alllimitoftheinstrumentfromthatspecifiedin this letter, would constitute an
enhancement that would not be covered by or under the said Rating Agreement.
Therating(s)assignedmustbeunderstoodsolelyasanopinionandshouldnotbetreated,orcauseto be treated, as recommendation to
buy, sell, or hold the rated instrument availed/issued by your company.
[1]Completedefinitionsoftheratingsassignedareavailableatwww.icra.in.
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You are also requested to forthwith inform us about any default or delay in repayment of interest or principal amount of the instrument
rated, as above, or any other debt instruments/ borrowing andkeep us informed of any other developments which may have a direct or
indirect impact on the debt servicing capability of the company including any proposal for re-schedulement or postponement of the
repayment programmes of the dues/ debts of the company with any lender(s) / investor(s), or occurrence of any significant development
that could impact the ability of the company to raise funds such as restriction imposed by any authority from raising funds through
issuance of debt securities through electronic bidding system. Further, you are requested to inform us immediately as and when the
borrowinglimitfortheinstrumentrated,asabove,orasprescribedbytheregulatoryauthority(ies) is exceeded.
Welookforwardtoyourcommunicationandassureyouofourbestservices.
Withkindregards
Yours sincerely
For ICRA Limited
K Srikumar
Senior Vice President & Co-Group Head Corporate Ratings
ksrikumar@icraindia.com
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Annexure
Details of Bank Limits Rated by ICRA Amount (Rs. crore) Rating Rating Assigned On
(Rated on Long-Term / Short Term
Scale)
Fund Based / Non Fund Based -
Working Capital Facilities
ICICI Bank 230.0
Kotak Mahindra Bank 150.0
Bank of America 94.0
HSBC Bank 5.0 [ICRA]AA(Stable)/
August 14, 2026
Sumitomo Mitsui Banking 35.0 [ICRA]A1+
Corporation
Unallocated Limits
Unallocated Limits 61.0
Total 575.0
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