Sagility Limited has announced that CRISIL Ratings has assigned credit ratings to the company's bank facilities worth ₹300 crores. The IT services company received a long-term rating of 'CRISIL A/Stable (Assigned)' and a short-term rating of 'CRISIL A1 (Assigned)' from the rating agency.

Credit Rating Details

The company disclosed the rating assignment through a regulatory filing dated January 5, 2026, submitted to both the National Stock Exchange of India (NSE) and BSE Limited. The rating covers the company's total bank loan facilities and reflects CRISIL's assessment of Sagility's creditworthiness.

Regulatory Compliance

Sagility Limited made this disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement follows the regulatory framework that requires listed companies to inform stock exchanges about material events, including credit rating assignments.

The filing was signed by Satishkumar Sakharayapattana Seetharamaiah, Company Secretary & Compliance Officer, who holds membership number A16008. The company has made the rating information available on both CRISIL Ratings' website and its own corporate website at sagilityhealth.com.

Company Background

Sagility Limited, formerly known as Sagility India Limited and earlier as Sagility India Private Limited, operates in the IT software sector. The company is headquartered in Bengaluru, Karnataka, with its registered office located at AMR Tech Park. The company trades on stock exchanges under the symbol SAGILITY on NSE and scrip code 544282 on BSE.

Sagility Limited has completed a significant debt redemption transaction by redeeming Non-Convertible Debentures (NCDs) worth ₹110.50 crores to Sagility B.V. on January 2, 2026. The company also paid applicable interest of ₹2.13 crores for the period, demonstrating its commitment to debt management and financial obligations.

Transaction Details

The redemption involved 1,105 unsecured, unlisted, redeemable Non-Convertible Debentures, each with a face value of ₹10.00 lakhs. The transaction was executed as per the terms of the bond trust deed dated December 22, 2021, as amended.

Regulatory Compliance and Approvals

Sagility Limited informed the stock exchanges through a formal communication under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The redemption was executed pursuant to shareholders' approval obtained through remote e-voting via postal ballot on March 21, 2025.

The company's communication was addressed to both NSE (Symbol: SAGILITY) and BSE (Scrip Code: 544282), ensuring complete regulatory compliance and transparency.

Financial Implications

This NCD redemption represents a substantial debt reduction for Sagility Limited, potentially improving the company's balance sheet position. The transaction demonstrates the company's ability to meet its financial commitments and manage debt obligations effectively.

The interest payment of ₹2.13 crores was made after tax deduction, covering the three-month period at an 8% annual rate. This timely payment reinforces the company's commitment to honoring its debt service obligations to Sagility B.V., the debenture holder.

Corporate Structure Context

The transaction involves Sagility Limited (formerly Sagility India Limited) and Sagility B.V., indicating an inter-company financial arrangement. Such transactions are often part of broader corporate restructuring or financial management strategies within group companies.