BSEOthers27 Aug 2026 · 27 Aug 2026, 10:49 pm
Intelligent Supply Chain Infrastructure Trust has informed the Exchange regarding Credit rating Review on 26/08/2026
Intelligent Supply Chain Infrastructure Trust · 544005
✦ AI SummaryRating Change
Intelligent Supply Chain Infrastructure Trust has informed the Exchange regarding Credit rating Review on 26/08/2026. CARE Ratings Limited has re-affirmed rating of the Trust at "CARE AAA; Stable".
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment6/10
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Full Announcement
Intelligent Supply Chain Infrastructure Trust - 544005 - Reg 23(5)(d): Disclosure of details of any credit rating obtained by the InvIT and any change in such rating
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August 27, 2026
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai - 400001
Security Code: 544005
Symbol: ISCITRUST
Dear Sirs,
Sub: Intimation of re-affirmation of Issuer Rating obtained by Intelligent Supply Chain
Infrastructure Trust (the “Trust”)
Pursuant to Regulation 23 of the SEBI (Infrastructure Investment Trusts) Regulations, 2014,
read with the SEBI Master Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 dated July 11,
2025, we wish to inform you that CARE Ratings Limited (“CARE Ratings”) has re-affirmed
rating of the Trust at “CARE AAA; Stable” rating.
The rating letter as issued by CARE Ratings is enclosed herewith.
We request you to disseminate the above information on your website.
Thank you.
Yours truly,
For Infinite India Investment Management Limited
(acting in its capacity as an Investment Manager of the Trust)
Jayanti Chaurasia Naita
Compliance Officer
Axis Trustee Services Limited
No. CARE/ARO/RL/2026-27/4373
Shri Adi Patel
Director
Intelligent Supply Chain Infrastructure Trust
9th Floor, Maker Chambers IV, 222, Nariman Point,
Mumbai
Maharashtra 400021
August 26, 2026
Confidential
Dear Sir,
Issuer Rating
On the basis of recent developments including operational and financial performance of your Trust for FY26 (Audited)
and Q1FY27 (Unaudited), our Rating Committee has reviewed the following rating:
Type of Rating Rating1 Rating Action
Issuer rating CARE AAA; Stable Reaffirmed
2. The rating is only an opinion on the general creditworthiness of the Trust and not specific to any particular
debt instrument.
3. The rating report for the rating will be communicated to you separately.
4. CARE Ratings Ltd. reserves the right to undertake a surveillance/review of the rating from time to time, based
on circumstances warranting such review, subject to at least one such review/surveillance every year.
5. CARE Ratings Ltd. reserves the right to revise/reaffirm/withdraw the rating assigned as also revise the outlook,
as a result of periodic review/surveillance, based on any event or information which in the opinion of CARE
Ratings Ltd. warrants such an action. In the event of failure on the part of the entity to furnish such
information, material or clarifications as may be required by CARE Ratings Ltd. so as to enable it to carry out
continuous monitoring of the rating, CARE Ratings Ltd. shall carry out the review on the basis of best available
information. In such cases the credit rating symbol shall be accompanied by “ISSUER NOT COOPERATING”.
CARE Ratings Ltd. shall also be entitled to publicize/disseminate all the afore-mentioned rating actions in any
manner considered appropriate by it, without reference to you.
1Complete definitions of the ratings assigned are available at www.careratings.com and in other CARE Ratings Ltd.’s publications.
CARE Ratings Limited
32, Titanium, Prahladnagar Corporate Road, Corporate Office :4th Floor, Godrej Coliseum,
Satellite, Ahmedabad - 380015 Somaiya Hospital Road, Off Eastern Express
Phone: +91-79-4026 5656 Highway, Sion (E), Mumbai - 400 022
Phone: +91-22-6754 3456 • www.careedge.in
CIN-L67190MH1993PLC071691
Page 1 of 3
6. Our ratings do not factor in any rating related trigger clauses as per the terms of the facility/instrument, which
may involve acceleration of payments in case of rating downgrades. However, if any such clauses are
introduced and if triggered, the ratings may see volatility and sharp downgrades.
7. Users of this rating may kindly refer our website www.careratings.com for latest update on the outstanding
rating.
8. Our Issuer Ratings are not recommendations to buy or sell any securities of the issuer.
If you need any clarification, you are welcome to approach us in this regard.
Thanking you,
Yours faithfully,
Rohan Deshmukh Dhruv Shah
Assistant Director Assistant Director
rohan.deshmukh@careedge.in dhruv.shah@careedge.in
Encl.: As above
Disclaimer
This disclaimer pertains to the ratings issued and content published by CARE Ratings Limited (“CareEdge Ratings”). Ratings are opinions on the
likelihood of timely payment of the obligations under the rated instrument and are not recommendations to sanction, renew, disburse, or recall the
concerned bank facilities or to buy, sell, or hold any security. Any opinions expressed herein are in good faith and are subject to change without notice.
The rating reflects the opinions as on the date of the rating. A rating does not convey suitability or price for the investor. The rating agency does not
conduct an audit on the rated entity or an independent verification of any information it receives and/or relies on for the rating exercise. CareEdge
Ratings has based its ratings/outlook on the information obtained from reliable and credible sources. CareEdge Ratings does not, however, guarantee
the accuracy, adequacy, or completeness of any information and is not responsible for any errors or omissions and the results obtained from the use of
such information. The users of the rating should rely on their own judgment and may take professional advice while using the rating in any way.
CareEdge Ratings shall not be liable for any losses that user may incur or any financial liability whatsoever to the user of the rating. The use or access
of the rating does not create a client relationship between CareEdge Ratings and the user.
CAREEDGE RATINGS DISCLAIMS WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR OTHER WARRANTIES OR CONDITIONS, TO THE EXTENT
PERMITTED BY APPLICABLE LAWS, INCLUDING WARRANTIES OF MERCHANTABILITY, ACCURACY, COMPLETENESS, ERROR-FREE, NON-
INFRINGEMENT, NON-INTERRUPTION, SATISFACTORY QUALITY, FITNESS FOR A PARTICULAR PURPOSE OR INTENDED USAGE.
Most entities whose bank facilities/instruments are rated by CareEdge Ratings have paid a credit rating fee, based on the amount and type of bank
facilities/instruments. CareEdge Ratings or its subsidiaries/associates may also be involved with other commercial transactions with the entity. CareEdge
Ratings does not act as a fiduciary by providing the rating. The ratings are intended for use only within the jurisdiction of India. The ratings of
CareEdge Ratings do not factor in any rating-related trigger clauses as per the terms of the facilities/instruments, which may involve acceleration of
payments in case of rating downgrades. However, if any such clauses are introduced and triggered, the ratings may see volatility and sharp
downgrades. CareEdge Ratings has established policies and procedures as required under applicable laws and regulations which are available on its
website.
Privacy Policy applies. For Privacy Policy please refer to https://www.careratings.com/privacy_policy
© 2026, CARE Ratings Limited. All Rights Reserved.
This content is being published for the purpose of dissemination of information required as per applicable law and regulations and CARE Ratings
Limited holds exclusive copyright over the same. Any reproduction, retransmission, modification, derivative works or use or reference to the contents,
in whole, in part or in any form, is prohibited except with prior express written consent from CARE Ratings Limited.
CARE Ratings Limited
32, Titanium, Prahladnagar Corporate Road, Corporate Office :4th Floor, Godrej Coliseum,
Satellite, Ahmedabad - 380015 Somaiya Hospital Road, Off Eastern Express
Phone: +91-79-4026 5656 Highway, Sion (E), Mumbai - 400 022
Phone: +91-22-6754 3456 • www.careedge.in
CIN-L67190MH1993PLC071691
Page 2 of 3
CARE Ratings Limited
32, Titanium, Prahladnagar Corporate Road, Corporate Office :4th Floor, Godrej Coliseum,
Satellite, Ahmedabad - 380015 Somaiya Hospital Road, Off Eastern Express
Phone: +91-79-4026 5656 Highway, Sion (E), Mumbai - 400 022
Phone: +91-22-6754 3456 • www.careedge.in
CIN-L67190MH1993PLC071691
Page 3 of 3