HG Infra Engineering Limited has received a reaffirmed credit rating from CARE Ratings Limited for its Long Term Bank Facilities. The company informed stock exchanges about this development on April 03, 2026, pursuant to Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Credit Rating Details

CARE Ratings Limited has reaffirmed the CARE AA Stable rating for the company's Long Term Bank Facilities. The rating action demonstrates the rating agency's continued confidence in the company's creditworthiness and financial stability.

Facility Amount Adjustment

The current rating covers bank facilities worth ₹140.00 crore, which represents a reduction from the previous facility limit of ₹200.00 crore. Despite this reduction in facility size, the rating agency has maintained the same credit rating level, indicating stable credit quality assessment.

Regulatory Compliance

The company has fulfilled its disclosure obligations by promptly informing both BSE Limited and National Stock Exchange of India Limited about the credit rating update. This communication was signed by Ankita Mehra, Company Secretary and Compliance Officer, ensuring proper regulatory compliance and transparency with stakeholders.

The CARE AA rating with stable outlook reflects the rating agency's assessment of the company's strong credit profile and ability to meet its financial obligations in a timely manner.

HG Infra Engineering Limited has announced a significant change in its senior management team with the resignation of Col Satyajeet Ghoshal from his position as Chief of Staff. The infrastructure company informed the stock exchanges about this development in compliance with regulatory requirements.

Senior Management Departure

Col Satyajeet Ghoshal, who served as Chief of Staff and was categorized as Senior Management Personnel (SMP), has tendered his resignation citing personal reasons. The resignation becomes effective from the closure of business hours on March 30, 2026.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. HG Infra Engineering Limited formally notified both BSE Limited and National Stock Exchange of India Limited about the senior management change.

The notification was signed by Ankita Mehra, Company Secretary & Compliance Officer, and included the required annexures detailing the change in senior management personnel. The company provided comprehensive documentation including the resignation letter and regulatory disclosures as mandated by stock exchange requirements.

Management Transition

In his resignation letter addressed to Chairman and Managing Director Harendra Singh, Col Ghoshal expressed gratitude for the opportunities provided during his tenure. He requested to be relieved from his duties in accordance with company rules, with the effective date set for March 30, 2026.

The departure represents a change in the company's senior management structure, though the company has not announced any immediate replacement or restructuring plans in the current disclosure.