PENINDPennar Industries Limited
Pennar Industries’ ratings reaffirmed by CARE at A (Stable) and A1, with long-term facilities raised to ₹1,067 crore
- Credit rating
- Steel And Steel Products
Pennar Industries Limited has told the exchanges on 8 Oct 2026 that CARE Ratings has reaffirmed its ratings. Long-term bank facilities of ₹1,067.52 crore, enhanced from ₹754.46 crore, are rated CARE A; Stable, and short-term bank facilities of ₹957.50 crore, reduced from ₹1,012.50 crore, are rated CARE A1.
CARE’s letter, dated 8 Oct 2026, says the review considered the company’s audited performance for FY26 and unaudited performance for Q1 FY27. The company filed the rating letter with the intimation.
Inference
The ratings are unchanged, but the mix has shifted, with long-term facilities up by about ₹313 crore and short-term facilities down by about ₹55 crore. The total rated amount has therefore risen to about ₹2,025 crore.
Reference: Original filing (PDF)
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