NSECredit Rating21 Aug 2026 · 21 Aug 2026, 05:18 pm
Credit Rating
Hirect Limited · HIRECT
✦ AI SummaryRating Change
Hirect Limited has informed the Exchange about Crisil reaffirming its earlier credit rating for the company's total bank loan facilities.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk5/10
Liquidity Impact8/10
Market Sentiment6/10
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Full Announcement
Hirect Limited has informed the Exchange about Credit Rating
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HIRECT_21082026171718_SE_Credit_rating.pdf
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August 21, 2026
BSE Limited National Stock Exchange of India Limited
Phiroz Jeejeebhoy Towers, Exchange Plaza,
Dalal Street, Bandra Kurla Complex,
Mumbai 400 001 Bandra (East) Mumbai 400 051
BSE Scrip Code: 504036 NSE Symbol: HIRECT
Sub.: Crisil reaffirmed earlier rating.
Ref: Intimation under Regulation 30 of SEBI Listing Regulations, 2015
Dear Sir/Madam,
We are pleased to inform you that Crisil Ratings Limited has reaffirmed earlier rating for the
Company's Total Bank Loan Facilities.
Details of Credit Rating are as under:
Total Bank Loan Facilities Rated Rs.228.9 Crore
Long Term Rating Crisil BBB+/Stable (Reaffirmed)
Short Term Rating Crisil A2 (Reaffirmed)
The detailed rationale is attached herewith.
We request you take the above on record.
Thanking you,
Yours Faithfully,
For Hirect Limited
(Formerly known as Hind Rectifiers Limited)
Suhas Pawar
Company Secretary and Compliance Officer
ACS-36560
Encl.: as above