Grauer & Weil (India) Limited has submitted its quarterly compliance certificate to BSE Limited, confirming adherence to SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made on April 10, 2026, by Company Secretary Chintan K. Gandhi.

Regulatory Compliance Certificate

The company submitted a certificate dated April 3, 2026, issued by M/s. MUFG Intime India Private Limited, the company's Registrar and Transfer Agent (RTA). This certificate confirms compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for Q4FY26.

RTA Confirmation and Process

MUFG Intime India Private Limited, formerly Link Intime India Private Limited, confirmed that securities received from depository participants for dematerialisation during the quarter were properly processed within prescribed timelines. The RTA verified that all security certificates received for dematerialisation were confirmed or rejected appropriately.

The certificate, signed by Ashok Shetty, Sr. Vice President-Corporate Registry at MUFG Intime India, confirms that security certificates were mutilated and cancelled after due verification by depository participants. The names of depositories were substituted in the register of members as registered owners within regulatory timelines.

Corporate Communication

Company Secretary Chintan K. Gandhi formally communicated the compliance submission to BSE Limited's Deputy General Manager, Corporate Relationship Department. The submission ensures the company maintains its regulatory obligations under SEBI depositories regulations and keeps exchange records updated with quarterly compliance status.

Grauer & Weil (India) Limited has received credit rating reaffirmation from CARE Ratings Ltd., with both long-term and short-term bank facility ratings being maintained at their previous levels. The rating agency has also removed the company from its Rating Watch with Developing Implications status, indicating improved clarity on the company's financial position.

Rating Details and Facility Structure

CARE Ratings has reaffirmed the credit ratings for the company's total bank facilities worth Rs. 185.00 crore. The rating action follows a comprehensive review based on the company's operational and financial performance for FY25 (Audited) and 9MFY26 (Provisional), along with adequate clarity on the financial implications of mall operations closure.

Long-Term Facility Breakdown

The long-term bank facilities of Rs. 140.00 crore are distributed across multiple banking partners, providing diversified funding sources for the company's operations.

Short-Term Facility Distribution

The short-term facilities totaling Rs. 45.00 crore comprise non-fund based limits including letters of credit and bank guarantees across four banking institutions.

Rating Implications and Outlook

The reaffirmation of ratings with stable outlook reflects CARE Ratings' confidence in the company's financial stability and operational performance. The removal from Rating Watch status indicates that concerns regarding the mall operations closure have been adequately addressed, providing clarity on the company's future financial trajectory.

The rating agency noted that the review was conducted following recent developments including operational and financial performance metrics, with particular attention to the financial implications of the closure of mall operations. The stable outlook assigned to the long-term rating suggests expectations of consistent performance in the near term.

Source: None/Company/INE266D01021/29a649e3-bdc3-4f45-8290-902957d3c876.pdf