Pace Digitek Receives Credit Rating Reaffirmation from Crisil with Enhanced Bank Facilities
Pace Digitek Limited received credit rating reaffirmation from Crisil Ratings Limited on April 02, 2026, maintaining its A-/Stable long-term and A2+ short-term ratings. The total bank loan facilities rated were enhanced from Rs.1000 crore to Rs.1400 crore, comprising various banking arrangements including bank guarantees, cash credit facilities, and proposed working capital facilities across institutions like Canara Bank and HDFC Bank. The company has complied with SEBI disclosure requirements by informing stock exchanges about this development.

*this image is generated using AI for illustrative purposes only.
Pace Digitek Limited has announced the reaffirmation of its credit ratings by Crisil Ratings Limited, with an enhancement in the total bank loan facilities rated. The company informed stock exchanges on April 03, 2026, about receiving the rating agency's press release dated April 02, 2026.
Credit Rating Details
Crisil Ratings has reaffirmed Pace Digitek's credit ratings while significantly enhancing the company's rated bank loan facilities:
| Parameter: | Details |
|---|---|
| Rating Agency: | Crisil Rating Limited |
| Total Bank Loan Facilities Rated: | Rs.1400 Crore (Enhanced from Rs.1000 Crore) |
| Long Term Rating: | Crisil A-/Stable (Reaffirmed) |
| Short Term Rating: | Crisil A2+ (Reaffirmed) |
The reaffirmation comes after the rating agency's previous assessment issued on December 08, 2025, demonstrating consistency in the company's creditworthiness evaluation.
Bank Facility Breakdown
The enhanced Rs.1400 crore facility comprises various banking arrangements across multiple institutions:
| Facility Type: | Bank | Amount (Rs. Crore) | Rating |
|---|---|---|---|
| Bank Guarantee: | Canara Bank | 477.29 | Crisil A2+ |
| Bank Guarantee: | HDFC Bank Limited | 100.00 | Crisil A2+ |
| Cash Credit: | HDFC Bank Limited | 50.00 | Crisil A-/Stable |
| Cash Credit: | Canara Bank | 55.00 | Crisil A-/Stable |
| Letter of Credit: | Canara Bank | 25.00 | Crisil A2+ |
| Proposed Working Capital: | -- | 400.00 | Crisil A-/Stable |
| Proposed Working Capital: | -- | 260.38 | Crisil A-/Stable |
| Term Loan: | IREDA | 32.33 | Crisil A-/Stable |
Regulatory Compliance
Pace Digitek has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's communication to BSE Limited and National Stock Exchange of India Ltd was signed by Company Secretary and Compliance Officer Meghana M P.
Rating Validity and Surveillance
The rating letter from Crisil Ratings remains valid until March 31, 2027. The rating agency maintains continuous surveillance of all assigned ratings and reserves the right to revise ratings based on new information or changing circumstances. Companies not availing proposed facilities within 180 days from the rating letter date require fresh revalidation from Crisil Ratings.
The rating reaffirmation with enhanced facilities suggests maintained financial stability and improved credit capacity for Pace Digitek Limited, formerly known as Pace Digitek Private Limited and Pace Digitek Infra Private Limited.
Historical Stock Returns for Pace Digitek
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.90% | -2.17% | -6.88% | -30.30% | -31.06% | -31.06% |
What specific business expansion or capital expenditure plans does Pace Digitek have that necessitated the 40% increase in credit facilities from Rs.1000 to Rs.1400 crore?
How will the additional Rs.400 crore in credit facilities impact Pace Digitek's competitive positioning in the digital infrastructure sector over the next 12-18 months?
What are the key financial metrics and operational improvements that Crisil will monitor to potentially upgrade Pace Digitek's rating from A-/Stable to A/Stable before March 2027?


































