|
Zeal Aqua Ltd announced reaffirmations and enhancements to its credit ratings from CRISIL Ratings Limited, with total bank loan facilities now rated at Crisil BBB/Stable and Crisil A3+, previously enhanced from Rs. 101 crore to Rs. 246 crore; additionally, CRISIL reaffirmed a Bank Facilities rating of Rs 12.23 crore with the same ratings, while noting a moderate financial risk profile and a networth of Rs 103.3 crore as of March 31, 2026, alongside an outlook that remains stable, benefiting from promoter experience and client relationships, and anticipating a steady increase in revenue and stable operating margins; the company also disclosed an inadvertent delay in the disclosure of an enhancement due to email routing issues, and several instruments, including Credit Facilities, Term Debt, Bank Loans, Certificates of Deposit, Commercial Paper, and various Working Capital Term Loans, were assigned ratings or reaffirmed by CRISIL, with some ratings withdrawn due to issuer non-cooperation and others assigned during a prior regulatory regime.
|