Kaynes Technology India Limited has received a CRISIL A rating with developing watch implications on its long-term bank facilities totaling ₹770.00 crores. The rating agency communicated this decision to the company on December 15, 2025, at 14:51 IST, prompting the mandatory regulatory disclosure to stock exchanges.

Rating Details and Implications

CRISIL Ratings reaffirmed its CRISIL A rating for Kaynes Technology India Limited while deciding to place it on Rating Watch with Developing Implications. According to the rating agency, issuers with this rating are considered to have adequate degree of safety regarding timely servicing of debt obligations, with debt exposures carrying low credit risk.

The Rating Watch reflects an emerging situation which may affect the credit profile of the rated entity. This watch status indicates that CRISIL is monitoring developments that could potentially impact the company's creditworthiness in either direction.

Bank Facility Breakdown

The total bank loan facilities rated amount to ₹770.00 crores, distributed across seven major banking institutions. All facilities carry the same CRISIL A/Watch Developing rating:

Regulatory Compliance and Validity

The company has fulfilled its obligation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by promptly informing both BSE Limited and National Stock Exchange of India Limited about the rating assignment.

CRISIL has specified that the rating letter will remain valid until July 24, 2026. If the company does not avail the proposed facilities within 180 days from December 15, 2025, a fresh letter of revalidation from CRISIL Ratings will be necessary.

Ongoing Surveillance

As per standard practice, CRISIL Ratings keeps all its ratings under continuous surveillance and review. The rating agency reserves the right to withdraw or revise the rating at any time based on new information, unavailability of information, or other circumstances that may impact the rating assessment.

Kaynes Technology India Limited has received a credit rating upgrade from ICRA Limited, with the rating agency assigning an ICRA A- (Positive) rating to the company's long-term fund-based facilities. The rating action was communicated to stock exchanges on December 15, 2025, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Credit Rating Details

ICRA Limited assigned the ICRA A- (Positive) Outstanding rating following its periodic monitoring process. The rating covers the company's fund-based credit facilities as detailed below:

Rating Process and Timeline

The rating committee of ICRA took the rating action based on the release of an independent research firm report dated December 3, 2025. The formal rating assignment occurred on December 13, 2025, at 17:18 IST. The rating letter from ICRA Limited was dated December 12, 2025, and was signed by Srikumar Krishnamurthy, Senior Vice President and Co-Group Head at ICRA.

Regulatory Compliance

Kaynes Technology India informed both BSE Limited and National Stock Exchange of India Limited about the credit rating development. The company noted a delay in reporting, explaining that the rating report was shared during office closure hours. Company Secretary and Compliance Officer Anuj Mehtha signed the regulatory filing on behalf of the company.

Rating Significance

ICRA clarified that the assigned ratings should be understood solely as an opinion and should not be treated as a recommendation to buy, sell, or hold any rated instrument availed or issued by the company. The positive outlook indicates ICRA's favorable assessment of Kaynes Technology India's creditworthiness for its fund-based facilities totaling ₹216.00 crore.