Rishabh Instruments Limited Receives CRISIL Credit Rating on Rs.16.3 Crore Bank Facilities
Rishabh Instruments Limited announced receipt of CRISIL credit rating letter on April 8, 2026, under SEBI regulations. The company received CRISIL BBB+/Stable rating for long-term facilities and CRISIL A2 for short-term facilities on total bank loan facilities worth Rs.16.3 crore. The rating covers facilities with State Bank of India including Rs.12 crore cash credit, Rs.3 crore letter of credit & bank guarantee, and Rs.1.3 crore proposed working capital facility. The rating remains valid until March 31, 2027.
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Rishabh instruments Limited has announced the receipt of a credit rating letter from CRISIL Ratings, marking a significant milestone in the company's financial standing. The announcement was made on April 8, 2026, pursuant to Regulation 30 of SEBI (LODR), 2015.
Credit Rating Details
CRISIL Ratings has assigned comprehensive ratings to the company's bank facilities, reflecting its creditworthiness and financial stability. The rating assessment covers the company's ability to meet its debt obligations in a timely manner.
| Rating Type: | Rating Assigned |
|---|---|
| Long Term Rating: | CRISIL BBB+/Stable |
| Short Term Rating: | CRISIL A2 |
| Total Bank Loan Facilities: | Rs.16.3 Crore |
Facility-wise Breakdown
The rating covers multiple banking facilities across different categories, primarily with State Bank of India. The detailed breakdown shows a diversified approach to the company's banking relationships and working capital management.
| Facility Type: | Bank | Amount (Rs. Crore) | Rating |
|---|---|---|---|
| Cash Credit: | State Bank of India | 12.00 | CRISIL BBB+/Stable |
| Letter of Credit & Bank Guarantee: | State Bank of India | 3.00 | CRISIL A2 |
| Proposed Working Capital Facility: | -- | 1.30 | CRISIL BBB+/Stable |
| Total: | 16.30 |
Rating Validity and Surveillance
The credit rating letter addressed to Managing Director Mr. Narendra Goliya confirms that all ratings assigned by CRISIL Ratings are kept under continuous surveillance and review. The rating outstanding on the bank facilities during April 01, 2026, to April 07, 2026, was CRISIL BBB+/Stable/CRISIL A2.
The rating letter will remain valid until March 31, 2027. CRISIL Ratings reserves the right to withdraw or revise the ratings and outlook at any time based on new information or changing circumstances that may impact the ratings. The company has been advised to insist on a new rating letter dated later than March 31, 2027, after the current validity expires.
Regulatory Compliance
The announcement was signed by Company Secretary and Compliance Officer Ajinkya Joglekar (ICSI Membership No.: A57272) and submitted to both the National Stock Exchange of India Limited and BSE Limited. This disclosure ensures transparency and keeps stakeholders informed about the company's credit profile and banking arrangements.
Will Rishabh Instruments leverage this improved credit rating to expand its banking relationships beyond State Bank of India?
How might the BBB+/Stable rating impact the company's borrowing costs and access to additional credit facilities in the coming fiscal year?
What strategic initiatives could Rishabh Instruments pursue with the proposed Rs. 1.30 crore working capital facility?
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