CLSELChaman Lal Setia Exports Ltd.
CRISIL reaffirms Chaman Lal Setia Exports' A+/Stable rating on ₹350 crore
- Credit rating
- Rice milling
Reviewed byRachit TripathiBlacklitt Research
Chaman Lal Setia Exports (NSE: CLSEL) has had CRISIL reaffirm its long-term rating of A+/Stable on ₹350 crore of bank loan facilities, it said in a filing on 4 Nov 2026. The rating covers facilities from HDFC Bank Limited and Punjab National Bank.
Key highlights
- Total bank loan facilities rated: ₹350 crore
- Long-term rating: CRISIL A+/Stable, reaffirmed
- Rating letter valid till 31 Mar 2027
- Revalidation needed if facilities are not availed within 180 days of the letter
The rating in numbers
| Item | Detail |
|---|---|
| Rating agency | CRISIL Ratings Limited |
| Instrument | Long-term bank loan facilities |
| Amount rated | ₹350 crore |
| Rating | CRISIL A+/Stable, reaffirmed |
| Export Packing Credit | ₹165 crore, HDFC Bank Limited |
| Packing Credit | ₹50 crore, Punjab National Bank |
| Pre Shipment Credit | ₹135 crore, HDFC Bank Limited |
| Letter valid till | 31 Mar 2027 |
The rating covers three bank facilities
A CRISIL letter dated 4 Nov 2026 is attached to the company's filing and lists the rated bank facilities. Annexure 1 of that letter splits the ₹350 crore into Export Packing Credit of ₹165 crore and Pre Shipment Credit of ₹135 crore, both from HDFC Bank Limited, and Packing Credit of ₹50 crore from Punjab National Bank. Each facility carries the outstanding rating CRISIL A+/Stable.
The letter's validity and revalidation terms
The CRISIL letter says it remains valid till 31 Mar 2027, and asks for a new rating letter dated later than that date after it expires. If the proposed facilities are not availed within 180 days of the letter's date, a fresh revalidation letter from CRISIL will be necessary. CRISIL says it keeps its ratings under continuous surveillance and may withdraw or revise them, along with the outlook, at any time on new information or other circumstances it believes may affect them.
What the reaffirmed rating means for Chaman Lal Setia Exports' shareholders
The rating on these facilities is reaffirmed, so it is unchanged from the rating the company already held. The filing does not give the reasons for the reaffirmed rating or the rating before this action, and no rationale report is attached. The next dated step in the filing is the letter's validity to 31 Mar 2027.
Filed with BSE on . Reference: Original filing (PDF)
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
