BSECompany Update29 Aug 2026 · 29 Aug 2026, 11:20 am
Intimation in relation to the credit rating of the company.
Sayaji Industries Ltd · 540728
✦ AI SummaryResults
Sayaji Industries Ltd received credit ratings from CARE Ratings Limited, reaffirming its existing ratings and revising the outlook to positive for its fixed deposit programme.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk3/10
Liquidity Impact8/10
Market Sentiment6/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Sayaji Industries Ltd - 540728 - Announcement under Regulation 30 (LODR)-Credit Rating
Attachments (1)
📄pdf
Download →
287ef21e-5396-4342-88e4-822c75feb0f2.pdf
View document text
29th August, 2026
General Manager
The BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street, Fort
Mumbai
Maharashtra 400001
Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements), Regulations, 2015
Company Code : 540728
ISIN: INE327G01032
Dear Sir,
Pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements),
Regulations, 2015, please note that CARE Ratings Limited vide its letter dated 27th August, 2026 has
received its ratings for the Company as follows:
Sr. Credit Instrument Existing Credit Revised Credit
No Rating / Facility Rating Rating
. Agency
1. CARE Fixed CARE BB+; Stable CARE BB+;
Ratings Deposit (Rs. Positive
Limited 40.00
Reaffirmed;
Crore)
Outlook revised
from Stable
2. CARE Long Term CARE BB+; Stable CARE BB+;
Ratings Bank Positive
Limited facilities
Reaffirmed;
(Rs. 58.80
Outlook revised
Crore)
from Stable
3. CARE Long Term / CARE BB+; Stable/ CARE BB+;
Ratings Short Term CARE A4+ Positive / CARE
Limited A4+
Sayaji Industries Limited
Maize Products, Chinubhai Nagar, P.O. Kathwada,
Ahmedabad – 382430, Gujarat, India
T: +91-79-22900881-85, 22901581-85
CIN No: L99999GJ1941PLC000471 E: maize@sayajigroup.in, W: www.sayajigroup.in
Bank
Facilities
Reaffirmed;
(Rs 135.00 Outlook revised
Crore) from Stable
4. CARE Short Term CARE A4+ CARE A4+
Ratings Bank
Reaffirmed
Limited Facilities
(Rs. 23.50
Crore)
The rating letter received from CARE Ratings Limited is attached as Annexure A.
Kindly take the same on your record and acknowledge receipt.
Thanking You,
For, Sayaji Industries Limited
Vishnu H Thaker
Company Secretary & Compliance Officer
(ACS:60441)
Encl.: As above
(This is digitally signed document hence stamp is not required.)
Sayaji Industries Limited
Maize Products, Chinubhai Nagar, P.O. Kathwada,
Ahmedabad – 382430, Gujarat, India
T: +91-79-22900881-85, 22901581-85
CIN No: L99999GJ1941PLC000471 E: maize@sayajigroup.in, W: www.sayajigroup.in
No. CARE/ARO/RL/2026-27/4426
Shri Priyam Mehta
Chairman & Managing Director
Sayaji Industries Limited
P.O. Kathwada,Chinubhai Nagar,
Ahmedabad
Gujarat 382430
August 27, 2026
Confidential
Dear Sir,
Credit rating for Fixed Deposit (FD) programme
On the basis of recent developments including operational and financial performance of your Company for FY26
(Audited) and Q1FY27 (Un-Audited), our Rating Committee has reviewed the following ratings:
Amount
Sr. No. Instrument Rating1 Rating Action
(₹ crore)
Reaffirmed;
CARE BB+;
1. Fixed Deposit 40.00 Outlook revised
Positive
from Stable
Note: Out of the above Rs.30.03 crore was outstanding as on March 31, 2026
2. The FD Programme is for a tenure of 12 months, 24 months and 36 months>.
3. Please arrange to get the rating revalidated, in case the entire rated amount is not placed within six months
from the date of this letter.
4. In case there is any change in the size or terms of the proposed FD programme, please get the rating
revalidated.
5. Kindly arrange to submit us a copy of each of the documents pertaining to the FD programme.
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. To enable CARE Ratings Ltd. to monitor the rating with reference to the amount of FD mobilised, you may
please inform CARE Ratings Ltd. when the level of deposit reaches the amount specified.
7. The rating report for the rating will be communicated to you separately. A write-up (press release) on the
above rating is proposed to be issued to the press shortly, a draft of which is enclosed for your perusal as
Annexure 2. We request you to peruse the annexed document and offer your comments if any. We are doing
this as a matter of courtesy to our clients and with a view to ensure that no factual inaccuracies have
inadvertently crept in. Kindly revert as early as possible. In any case, if we do not hear from you by <date>,
we will proceed on the basis that you have no any comments to offer.
8. 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.
9. 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 of the bank facilities, CARE Ratings Ltd. shall carry out the review on the
basis of best available information throughout the life time of such bank facilities. 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.
10. 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.
11. Users of this rating may kindly refer our website www.careratings.com for latest update on the outstanding
rating.
12. Our ratings are not recommendations to buy, sell, or hold any securities.
If you need any clarification, you are welcome to approach us in this regard.
Thanking you,
Yours faithfully,
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
Nupur Shah Jignesh Trivedi
Lead Analyst Associate Director
nupur.shah@careedge.in jignesh.trivedi@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
[Showing first 8,000 characters — download PDF for full document]