Senco Gold Limited has received comprehensive credit ratings from CARE Edge Ratings for its various financial facilities and instruments totaling ₹3000 crore. The rating agency communicated its assessment through letters dated March 24, 2026, covering multiple banking facilities and a Fixed Deposit programme.

Credit Rating Overview

CARE Edge Ratings has assigned and reaffirmed ratings across different categories of financial facilities for the jewelry retailer. The ratings demonstrate the company's financial stability and creditworthiness across various instruments with different tenures and purposes.

Fixed Deposit Programme Details

The Fixed Deposit programme worth ₹495 crore has been assigned a CARE A+ rating with stable outlook. This programme is designed with tenure ranging from 6 months to 18 months, providing the company with a structured approach to raise funds from depositors. The rating agency has specified that the rating needs revalidation if the proposed issue is not made within six months from March 24, 2026.

Banking Facilities Breakdown

The Long Term Bank Facilities of ₹2232.50 crore represent the largest component of the rated facilities, receiving CARE A+ with stable outlook. These facilities are distributed across multiple banking partners including State Bank of India, ICICI Bank, HDFC Bank, Axis Bank, and several other public and private sector banks. A significant portion of ₹647.10 crore remains proposed and yet to be sanctioned.

Banking Partner Network

The company maintains banking relationships with a diverse portfolio of financial institutions. Major banking partners include State Bank of India (₹60 crore), Kotak Mahindra Bank (₹200 crore), Axis Bank (₹190 crore), Federal Bank (₹187.50 crore), and Bandhan Bank (₹150 crore). The Long Term/Short Term facilities are distributed among Qatar National Bank, Yes Bank, IDFC First Bank, DCB Bank, and Federal Bank.

Rating Implications

The CARE A+ rating indicates high degree of safety regarding timely servicing of financial obligations, with very low credit risk. The stable outlook suggests that the rating is unlikely to change in the near term. CARE Edge Ratings has based its assessment on the company's operational and financial performance for FY25 (Audited) and Q1FY26 (Unaudited), though specific financial metrics were not disclosed in the rating communication.

The rating agency reserves the right to undertake surveillance and review of the ratings from time to time, with at least one review annually. The ratings are subject to continuous monitoring based on the company's performance and any material developments that may impact its creditworthiness.

Source: None/Company/INE602W01027/cbdb8e25-cd7a-4921-86b4-cfb74baeb6f6.pdf

Senco gold has successfully concluded its postal ballot process, with shareholders approving the payment of commission to non-executive directors through an ordinary resolution. The company announced the voting results on 24th March 2026, demonstrating strong shareholder participation in the corporate governance process.

Postal Ballot Process Details

The postal ballot was conducted entirely through electronic voting (e-voting) in compliance with various MCA circulars and SEBI regulations. The process timeline was structured as follows:

Scrutinizer Appointment

The company appointed Mr. Atul Kumar Labh, a Practicing Company Secretary with membership number 4848 and CP number 3238, as the scrutinizer. He is a partner at LABH & LABH Associates, Company Secretaries, and was responsible for monitoring the remote e-voting process in a fair and transparent manner. The scrutinizer was appointed by the Board of Directors on 12th February 2026.

Voting Results and Participation

The resolution regarding commission payment to non-executive directors received substantial support from shareholders across all categories. The voting participation and results were as follows:

Resolution Outcome

The ordinary resolution "To consider and approve the payment of commission to non-executive directors of the company" was passed with requisite majority. Key highlights of the voting outcome include:

• Total votes polled: 127619399 representing 77.95% of outstanding shares
• Votes in favour: 113159128 (88.67% of votes polled)
• Votes against: 14460271 (11.33% of votes polled)
• No invalid votes were recorded across any category

Official Documentation

The company submitted the voting results to both NSE and BSE through official communication dated 24th March 2026. The scrutinizer's report confirmed that 289 members voted in favour of the resolution while 108 members voted against it through remote e-voting.

Regulatory Compliance

The postal ballot process was conducted in accordance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The voting results and scrutinizer's report have been uploaded on the company's website, CDSL website, and displayed at the registered and corporate office. The e-voting platform was provided by Central Depository Services (India) Limited (CDSL) through www.evotingindia.com .

The successful completion of this postal ballot demonstrates the company's commitment to transparent corporate governance practices and regulatory compliance, with the resolution receiving strong overall shareholder support despite mixed response from institutional investors.