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As on : 29-Aug-2026
Hot Pursuit
29-Aug-2026     12:24

Sayaji Industries Ltd. receives reaffirmations and outlook revisions from CARE Ratings

Sayaji Industries Ltd. has announced reaffirmations from both CARE Ratings Limited and CAREEdge Ratings, with CARE Ratings also revising the outlook for several instruments. CARE Ratings reaffirmed the rating of CARE BB+ for Fixed Deposits amounting to Rs. 40.00 Crore, Long Term Bank facilities of Rs. 58.80 Crore, Maize Products of Rs. 135.00 Crore (with a rating of CARE BB+ / CARE A4+), and Short Term Bank Facilities of Rs. 23.50 Crore, alongside revising the outlook from Stable to Positive for the Fixed Deposit (outstanding Rs.30.03 crore as of March 31, 2026), Long Term Bank Facilities, Long Term / Short Term Bank Facilities, and Short Term Bank Facilities. Additionally, CARE Ratings reaffirmed a rating of CARE A+ for a Bank Loan of Rs. 100.00 Crore and noted that the rating for mobilized Fixed Deposits is subject to monitoring, while also indicating that certain Bank Facilities are under review due to a lack of cooperation from the issuer. CAREEdge Ratings provided no specific rating details, stating that the ratings reflect opinions as of the date of the rating.

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