Singer India Limited has disclosed to stock exchanges that CRISIL has assigned credit ratings to its bank facilities worth ₹45 crore. The company made this announcement on April 09, 2026, in compliance with Regulation 30 of SEBI listing obligations and disclosure requirements.

Credit Rating Details

CRISIL, the credit rating agency, has evaluated Singer India's banking arrangements and provided the following assessment:

The BBB- rating with stable outlook indicates adequate degree of safety regarding timely servicing of financial obligations, while the A3 short-term rating reflects adequate degree of safety for timely payment of short-term debt obligations.

Facility-wise Breakdown

The rated bank facilities are distributed across multiple banking partners and facility types:

Banking Relationships

The company maintains banking relationships primarily with YES Bank Limited and HSBC Bank Plc. YES Bank Limited accounts for the majority of the facilities, providing ₹37 crore across various instruments including cash credit, trade finance, foreign currency packing credit, and working capital demand loans. HSBC Bank Plc provides a ₹4.50 crore cash credit facility.

Regulatory Compliance

The rating disclosure was communicated to both BSE Limited and National Stock Exchange of India Ltd as required under securities regulations. The rating letter from CRISIL remains valid until March 31, 2027, and the agency maintains continuous surveillance of all assigned ratings. CRISIL noted that the rating on these bank facilities during April 01, 2026, to April 08, 2026, was CRISIL BBB-/Stable/CRISIL A3.

The rating assessment covers working capital requirements, trade finance needs, and operational funding arrangements that support Singer India's business operations across its product portfolio and market presence.

Singer India Limited has filed a mandatory disclosure with stock exchanges confirming its classification status under the Securities and Exchange Board of India framework for Large Corporate entities. The disclosure, dated April 09, 2026, confirms that the company does not meet the criteria to be classified as a Large Corporate as on March 31, 2026.

Regulatory Compliance Framework

The disclosure was submitted pursuant to two key SEBI circulars that establish the framework for Large Corporate classification. The primary circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, was supplemented by circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023. These regulations require companies to make initial disclosures regarding their Large Corporate status based on specific applicability criteria.

Company Financial Position

The disclosure reveals key financial and operational details about Singer India Limited's current standing:

The company's outstanding borrowings are marked as 'Not Applicable,' suggesting either minimal debt levels or that the borrowing criteria under the Large Corporate framework do not apply to the company's current financial structure.

Credit Rating and Market Position

Singer India Limited maintains a CRISIL BBB-/Stable credit rating, indicating investment-grade creditworthiness with stable outlook. This rating reflects the company's financial stability and ability to meet its debt obligations, though it falls below the higher rating categories that might trigger Large Corporate classification requirements.

Disclosure Process and Compliance

The filing was executed by key company officials, with Company Secretary and Compliance Officer Rupinder Kaur signing the primary disclosure document. Chief Financial Officer Anuj Kumar Vasdev also signed the annexure, ensuring proper financial oversight of the disclosure process. The company has committed to hosting this disclosure on its official website at www.singerindia.com for public access and transparency.

Stock Exchange Filings

The disclosure was simultaneously submitted to both major Indian stock exchanges where Singer India Limited is listed. The company trades on BSE under scrip code 505729 and on NSE under the trading symbol SINGERIND. The dual filing ensures compliance with listing requirements across both exchanges and maintains transparency with all stakeholders regarding the company's regulatory classification status.