Jet Freight Logistics Limited has announced the assignment of credit ratings by Infomerics Valuation and Rating Limited for its bank facilities totaling ₹62.00 crore. The company informed the National Stock Exchange and BSE Limited on February 16, 2026, pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Credit Rating Details

Infomerics Valuation and Rating Limited assigned ratings to the company's bank facilities through their report dated February 13, 2026. The rating committee evaluated various facilities and provided comprehensive coverage across different instrument categories.

Rating Significance and Validity

The IVR BBB-/Stable rating indicates that the securities are considered to have moderate degree of safety regarding timely servicing of financial obligations, carrying moderate credit risk. The stable outlook reflects the rating agency's assessment of the company's financial position. The IVR A3 rating for short-term facilities suggests moderate degree of safety for timely payment obligations.

The ratings are valid for one year from February 12, 2026, the date of the rating committee meeting. Infomerics will conduct formal surveillance and review within 12 months, though the agency reserves the right for more frequent reviews if circumstances warrant.

Bank Facility Breakdown

The rated facilities include term loans from multiple lenders and working capital arrangements. The long-term facilities comprise term loans from Deutsche Bank and IndusInd Bank, with repayment terms extending until 2037-2038. Working capital facilities include cash credit limits from Bandhan Bank and SBI Bank, along with overdraft facilities from Deutsche Bank.

Compliance and Monitoring Requirements

Jet Freight Logistics must comply with specific monitoring requirements as part of the rating mandate. The company shall provide monthly No Default Statements and quarterly performance results within six weeks of each calendar quarter. Additionally, the company must inform Infomerics of any new bank facilities, changes in existing facility terms, or developments impacting debt servicing capability within seven days.

Communication Timeline

The credit rating letter was dated February 13, 2026, but the company received the duly signed letter on February 16, 2026. The company provided email communication evidence to stock exchanges demonstrating receipt of the signed rating letter on the disclosure date, ensuring compliance with regulatory timelines.

Jet Freight Logistics Limited has announced the resignation of its internal auditor, M/s. N A R A D And Associates LLP, effective February 28, 2026. The resignation was submitted on February 11, 2026, with the firm citing reconstitution as the primary reason for stepping down from their role.

Resignation Details

The company disclosed the resignation in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015. The following table outlines the key details of the resignation:

Firm Reconstitution Impact

According to the resignation letter submitted by N A R A D And Associates LLP, the decision stems from an upcoming reconstitution of their firm. The reconstitution will result in certain partners, including the engagement partner responsible for Jet Freight Logistics' internal audit, ceasing to be partners of the firm. This change in the firm's constitution necessitated the resignation, as the structure would no longer remain the same as at the time of appointment.

Regulatory Compliance

Jet Freight Logistics has fulfilled its disclosure obligations under multiple SEBI regulations and circulars. The announcement was made in accordance with:

• Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015
• SEBI Circular No. SEBI/HO/CFD/CFD-POD-1/P/CIR/2023/123 dated July 13, 2023
• Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024

Next Steps

The resignation letter from N A R A D And Associates LLP requested the company to make necessary arrangements for appointing new internal auditors in accordance with applicable provisions. The company will need to ensure continuity in its internal audit function by appointing a replacement auditor for the remainder of the financial year 2025-2026.

The resignation notification was signed by Company Secretary & Compliance Officer Anmol Ashvin Patni on February 12, 2026, while the resignation letter was signed by Darshan Shah, Partner at N A R A D And Associates LLP, on February 11, 2026.