BSECompany Update5d ago · 31 Aug 2026, 04:50 pm
Intimation under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015- Credit Rating
Zensar Technologies Ltd · 504067
✦ AI SummaryRating Change
Zensar Technologies Ltd has announced that ICRA Limited has reaffirmed its credit rating for long-term and short-term fund-based and non-fund-based instruments as [ICRA]AA+ (Stable)/[ICRA]A1+.
Analysis Scores
Earnings Impact1/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Zensar Technologies Ltd - 504067 - Announcement under Regulation 30 (LODR)-Credit Rating
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August 31, 2026
BSE Limited National Stock Exchange of India Limited
Corporate Service Department, Exchange Plaza, Bandra Kurla Complex,
1st Floor, P. J. Towers, Bandra (E),
Dalal Street, Mumbai 400 051
Mumbai 400 001
Scrip Code: 504067 Symbol: ZENSARTECH
Sub.: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
Dear Sir/Madam,
We hereby inform you that ICRA Limited has re-affirmed the credit rating for Long Term/Short Term-
Fund Based/Non-Fund Based as [ICRA]AA+ (Stable)/[ICRA]A1+. The Credit Rating Letter received from
ICRA Limited is enclosed herewith.
Kindly take the same on record.
Thanking you,
Yours sincerely,
For Zensar Technologies Limited
Anand Daga
Company Secretary
Encl.: As above
C IN: L72200PN1963PLC012621 www.zensar.com Zensar Technologies Limited, Zensar Knowledge
+(20) 6607 4000, 2700 4000 investor@zensar.com Park, Plot No. 4, MIDC Kharadi, Off Nagar Road,
Pune 411014
ICRA Limited
ICRA/Zensar Technologies Limited/31082026/1
Date: August31, 2026
Mr. Rajiv Mundhra
VP-Finance
Zensar Technologies Limited
Plot 4, MIDC, Off Nagar Road
Kharadi, Pune 411014
DearSir,
Re:ICRA'sCreditRatingforbelowmentionedInstrumentsofZensar Technologies Limited
AspertheRatingAgreement/StatementofWorkexecutedwithICRALimited, RatingCommitteehastakenthe following rating
actions for the mentioned instruments of your company.
Instrument RatedAmount(Rs.Crore) RatingAction1 Financial Sector Regulator#
Long Term / Short Term-Fund [ICRA]AA+ (Stable)/ [ICRA]A1+;
191.00 RBI
based/Non Fundbased reaffirmed
Total 191.00
ailable for activities and
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 communication letter. However, ICRA
reserves the right to review and/or, revise the above rating(s) at any time based on new information becoming available, orthe 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.
The rating(s) are specific to the terms and conditions of the instruments as indicated to us by you, and any change in the terms or size of
the same would require a review of the rating(s) by us. In case there 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)
havebeen 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. Notwithstanding the foregoing, any change in the over-all limit of theinstrument
from that specified inthis letter, would constitute an enhancement that would not be covered by or under the said Rating Agreement.
The rating(s) assigned must be understood solely as an opinion and should not be treated, or cause to be treated, as recommendation to
buy, sell, or hold the rated instrument availed/issued by your company.
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 and keep 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 programmesof 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 borrowinglimitforthe instrument rated,asabove,orasprescribed bythe
regulatoryauthority(ies) is exceeded.
Welookforwardtoyourcommunicationandassureyouofourbestservices.
1Completedefinitionsoftheratingsassignedareavailableatwww.icra.in.
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Withkindregards
Yours sincerely
For ICRA Limited
Suprio Banerjee
Vice President
supriob@icraindia.com
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Annexure
DetailsofBankLimitsRatedbyICRA
Amount(Rs.Crore) Rating RatingAssignedOn
(Rated on Long-Term/ Short-Term Scale)
Fund based/ Non-fund based Limits
Standard Chartered Bank 10.00
Kotak Mahindra Bank 20.00
Citibank 72.00
HSBCLimited 40.00 [ICRA]AA+ (Stable)/ [ICRA]A1+ August21,2026
ICICI BankLimited 25.00
HDFC BankLimited 20.00
Proposed 4.00
Total 191.00
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