SJS Enterprises Limited has received a credit rating upgrade from ICRA Limited, with its rating enhanced to [ICRA]AA-(Positive) from [ICRA]AA-(Stable) for bank facilities worth Rs. 28.0 crore. The rating agency communicated this upgrade to the company on February 24, 2026, marking a positive development in the company's credit profile.

Rating Enhancement Details

The credit rating upgrade applies specifically to SJS Enterprises' long-term fund-based limits for working capital requirements. The rating action demonstrates ICRA's improved confidence in the company's financial stability and operational performance.

Regulatory Compliance

SJS Enterprises has duly informed the stock exchanges about this rating upgrade in compliance with regulatory requirements. The company submitted the necessary intimation to both the National Stock Exchange of India Limited and BSE Limited under Regulation 30(6) read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Credit Rating Significance

The upgrade from a Stable outlook to a Positive outlook indicates ICRA's enhanced assessment of the company's credit quality and future prospects. This rating enhancement for the Rs. 28.0 crore bank facilities reflects the rating agency's confidence in SJS Enterprises' ability to meet its financial obligations and maintain strong operational performance.

The rating reaffirmation at the AA- level, coupled with the positive outlook revision, positions SJS Enterprises favorably in terms of creditworthiness within the rating agency's assessment framework. Company Secretary and Compliance Officer Thabraz Hushain W. signed the regulatory filing, ensuring proper disclosure to stakeholders and market participants.

SJS Enterprises Limited has announced its unaudited financial results for the third quarter of FY26, showcasing robust performance across key financial metrics. The company, which specializes in manufacturing self-adhesive labels, automotive dials, overlays, badges and logos for automotive, electronics and appliances industries, delivered strong results for the quarter ended December 31, 2025.

Consolidated Financial Performance

The company's consolidated financial results demonstrate significant growth momentum across multiple parameters. Revenue performance showed substantial improvement compared to the previous year, while profitability metrics remained strong throughout the reporting period.

The consolidated results reflect the combined performance of SJS Enterprises and its subsidiaries, including SJS Decoplast Private Limited, Walter Pack Automotive Products India Private Limited, Plastoranger Advanced Technologies Private Limited, and SJS Foundation.

Standalone Business Results

The standalone financial performance of SJS Enterprises also showed strong growth trajectory, with the parent company contributing significantly to the overall consolidated performance. The standalone operations maintained healthy margins and demonstrated operational efficiency.

Strategic Wind Power Investment

The Board of Directors approved a significant strategic investment in renewable energy infrastructure. The company will invest ₹72.00 lakhs to purchase 28,800 equity shares of face value ₹250 each in DB Renews Private Limited. This investment is part of a comprehensive arrangement that includes Share Purchase and Shareholders' Agreement and Energy Purchase Agreement with Doddanavar Global Energy Private Limited and DB Renews Private Limited.

Earnings Per Share and Capital Structure

The company's earnings per share metrics reflected the strong operational performance, with both basic and diluted EPS showing substantial improvement. During the nine months ended December 31, 2025, the company allotted 6,23,750 equity shares of face value ₹10 each to employees under the Employee Stock Option Plan 2021.

Regulatory and Compliance Updates

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by S.R. Batliboi & Co. LLP, the statutory auditors. The company continues to monitor the implementation of new Labour Codes notified by the Government of India in November 2025, with an impact of ₹18.10 million accounted for in the consolidated results. The Board meeting was held on January 28, 2026, where these results were approved and subsequently filed with NSE and BSE.