Elpro International Receives Credit Rating Reaffirmation from CARE Ratings

1 min read     Updated on 02 Apr 2026, 11:14 PM
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Radhika SScanX News Team
AI Summary

CARE Ratings Limited has reaffirmed Elpro International's credit rating for long-term bank facilities at CARE A- with stable outlook on April 2, 2026. This maintains the same rating originally issued on April 4, 2025. The company has informed BSE about this development under SEBI Listing Regulations and made the information publicly available through its website and the rating agency's press release.

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Elpro International has announced that CARE Ratings Limited has reaffirmed the company's credit rating for its long-term bank facilities. The rating reaffirmation was communicated through a press release dated April 2, 2026, maintaining the same rating that was originally issued on April 4, 2025.

Credit Rating Details

The credit rating agency has maintained Elpro International's rating at the same level as previously assigned. The reaffirmation covers the company's long-term bank facilities and reflects the rating agency's continued assessment of the company's creditworthiness.

Parameter: Details
Credit Rating Agency: CARE Ratings Limited
Instrument/Facility: Long Term Bank Facilities
Rating: CARE A-; Stable (A minus; Outlook: Stable)
Rating Action: Re-affirmed
Original Rating Date: April 4, 2025
Reaffirmation Date: April 2, 2026

Regulatory Compliance

The company has informed BSE Limited about this development in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation requires listed companies to disclose material events and information that could impact investor decisions.

Documentation and Transparency

Elpro International has made the rating reaffirmation information publicly accessible through multiple channels. The company has provided a weblink to CARE Ratings' press release and has also placed this information on its official website at www.elpro.co.in , ensuring transparency for stakeholders and investors.

The formal communication to BSE was signed by Rushabh Ajmera, Company Secretary, on April 2, 2026, maintaining the company's commitment to timely regulatory disclosures.

Historical Stock Returns for Elpro International

1 Day5 Days1 Month6 Months1 Year5 Years
-1.00%-3.14%+2.23%-1.38%+20.77%+111.68%

What factors could potentially trigger a rating upgrade for Elpro International in the next review cycle?

How might this stable credit rating impact Elpro International's borrowing costs and expansion plans for 2026-27?

Will Elpro International seek additional long-term bank facilities given the maintained stable outlook?

Elpro International Limited Discloses GST Inspection Proceedings by Central Tax Department

1 min read     Updated on 14 Mar 2026, 08:15 PM
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Reviewed by
Radhika SScanX News Team
AI Summary

Elpro International Limited disclosed GST inspection proceedings conducted by Central GST Department at company locations on March 13, 2026, under Section 67 of Central GST Act, 2017. The company provided all required information to officials and reported no material impact on financial or operational activities. The disclosure was made in compliance with SEBI Listing Regulations.

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Elpro International Limited has disclosed to BSE Limited regarding GST inspection proceedings conducted by the Central Goods and Services Tax Department at various company locations. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

GST Inspection Details

The inspection proceedings were conducted by the Central GST Department, Mumbai and Pune Divisions, Maharashtra, under Section 67 of the Central GST Act, 2017. The proceedings were authorized on March 13, 2026, and conducted at various locations connected to the company.

Parameter: Details
Authority: Central GST Department, Mumbai and Pune Divisions
Legal Provision: Section 67 of Central GST Act, 2017
Authorization Date: March 13, 2026
Proceedings Duration: Afternoon to 11:50 p.m. on March 13, 2026

Company Response and Compliance

Elpro International has confirmed that it provided all information as required by the GST officials during the inspection. The company has committed to continue providing any further details or information that might be required in the future. According to the disclosure, no official document has been issued regarding any violations or contraventions.

Impact Assessment

The company has assessed that there is no material impact on its financial, operational, or other activities due to the GST search proceedings at present. Elpro International has stated that in the event of any material update requiring intimation under SEBI Listing Regulations, it will make necessary disclosures in accordance with the regulatory requirements.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 read with Para A of Schedule III of the SEBI Listing Regulations and SEBI Master Circular dated January 30, 2026. The company secretary, Rushabh Ajmera, digitally signed the disclosure document on March 14, 2026, ensuring proper regulatory compliance and transparency with stakeholders.

Historical Stock Returns for Elpro International

1 Day5 Days1 Month6 Months1 Year5 Years
-1.00%-3.14%+2.23%-1.38%+20.77%+111.68%

More News on Elpro International

1 Year Returns:+20.77%