B L Kashyap & Sons Limited announced a credit rating upgrade from CRISIL Ratings on December 16, 2025, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The upgrade reflects improved creditworthiness across the company's banking facilities.

Rating Upgrade Details

CRISIL Ratings upgraded the company's credit ratings across its bank facilities worth ₹539.34 crores. The rating action demonstrates enhanced financial stability and improved credit profile of the construction company.

Banking Facility Breakdown

The upgraded ratings cover various banking facilities across multiple financial institutions. The company maintains banking relationships with several prominent banks for its operational and growth financing needs.

Bank Guarantee Facilities

The company maintains bank guarantee facilities across multiple banking partners, all carrying the upgraded short-term rating of CRISIL A4.

Regulatory Compliance

The rating upgrade notification was communicated to both BSE Limited and National Stock Exchange of India Limited on December 16, 2025. The CRISIL rating letter was issued on December 16, 2025 at 12:51 PM, with the company promptly fulfilling its disclosure obligations under SEBI regulations.

Pushpak Kumar, VP Company Secretary (FCS-6871), signed the regulatory filing on behalf of B L Kashyap & Sons Limited. The company maintains its commitment to transparent communication with stakeholders regarding material developments affecting its credit profile.

B L Kashyap & Sons has announced securing a major construction contract worth ₹615.69 crores (exclusive of GST) from Sattva CKC Private Limited. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Project Details

The awarded contract encompasses structural and civil work for a commercial project at Sattva Chennai Knowledge City located in Chennai, Tamil Nadu. The comprehensive project is scheduled for completion within approximately 31 months from commencement.

Contract Specifications

The order involves structural and civil construction work for the commercial project, representing a domestic contract within India's construction sector. The project scope includes comprehensive development work at the Chennai Knowledge City, a significant commercial hub in Tamil Nadu.

Regulatory Compliance

B L Kashyap & Sons confirmed that the contract does not involve any related party transactions and that promoter or promoter group companies have no interest in the entity that awarded the order.

Strategic Significance

This substantial order addition strengthens the company's position in the commercial construction segment, particularly in the South Indian market. The 31-month execution timeline indicates a long-term revenue visibility for the construction major, contributing significantly to its order book and operational pipeline.