Jain Irrigation Systems updates Crisil bank-wise facility details

Jain Irrigation Systems (NSE: JISLJALEQS) said in a filing on 05 Nov 2026 that Crisil Ratings Limited issued a Credit Bulletin dated 04 Nov 2026 updating the bank-wise details of its rated bank loan facilities. The overall rated amount and existing credit ratings are unchanged, the company said.

Key highlights

• ,Credit Bulletin dated 04 Nov 2026
• Largest listed facility: State Bank of India fund-based facilities, ₹501.53 crore, rated Crisil BBB-/Negative
• State Bank of India bank guarantee: ₹266 crore, rated Crisil A3
• Previous Crisil rating rationale dated 09 Oct 2026

The bulletin in numbers

Rated facilities by type and rating

The annexure lists facilities by type, amount, lender and rating, covering bank guarantees, credit exposure limits, external commercial borrowings, fund-based facilities, letters of credit, vendor financing and proposed limits.

Fund-based facilities are shown as Crisil BBB-/Negative, and the annexure shows external commercial borrowings from International Finance Corporation at the same rating. Bank guarantees, letters of credit and vendor financing are shown as Crisil A3. The annexure notes that the foreign currency loans are included in the list.

Lenders and the board statement

Lenders named in the annexure include State Bank of India, Union Bank of India, Punjab National Bank, Canara Bank, Bank of Baroda, IDBI Bank Limited, Standard Chartered Bank and Exim Bank.

The bulletin says that none of the directors on Crisil Ratings Limited's board are members of the rating committee, and that the board does not discuss any ratings at its meetings. It says it is published solely to update the bank-wise facility details in line with RBI requirement, and that other sections refer to the previous rating rationale dated 09 Oct 2026.

What the rating update means for Jain Irrigation Systems' shareholders

For the company, the change is in how its rated facilities are allocated among lenders. The bulletin says the overall rated amount and existing credit ratings are unchanged.

The reason for the update beyond the RBI requirement is not stated, and the overall total of the rated facilities is not given. Whether the rating or outlook has changed since the previous rationale is also not stated. No later dated step is set out in the filing.