Tejas Networks Receives ICRA A1+ Credit Rating for ₹500 Crore Commercial Paper Programme
Tejas Networks Limited has received an [ICRA]A1+ credit rating for its ₹500 crore Commercial Paper programme from ICRA Limited. The rating, assigned on January 08, 2026, represents the highest short-term credit rating category and reflects strong creditworthiness. The rating is valid for twelve months from issuance, provided the instrument is issued within three months of assignment.

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Tejas Networks Limited has secured an [ICRA]A1+ credit rating for its ₹500 crore Commercial Paper programme from ICRA Limited. The company informed stock exchanges about this development on January 09, 2026, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Credit Rating Details
ICRA Limited assigned the rating through its letter dated January 08, 2026. The rating details are structured as follows:
| Instrument | Rated Amount | Rating Action |
|---|---|---|
| Commercial Paper | ₹500.00 crores | [ICRA]A1+ ; Assigned |
The [ICRA]A1+ rating represents the highest category for short-term instruments, indicating very strong degree of safety regarding timely payment of financial obligations. This rating reflects the company's strong creditworthiness and ability to meet short-term debt obligations.
Rating Validity and Conditions
The rating comes with specific terms and conditions outlined by ICRA Limited. The rating agency has established clear guidelines for the programme's implementation and ongoing validity.
Key conditions include:
- The instrument must be issued within three months from January 08, 2026, or the rating will require revalidation
- Once issued, the rating remains valid throughout the programme's life with maximum maturity of twelve months
- Any changes in terms, conditions, or size of the instrument require ICRA's review
- The company must immediately inform ICRA about any defaults, delays, or significant developments affecting debt servicing capability
Regulatory Compliance and Disclosure
Tejas Networks has made this information available on its website at www.tejasnetworks.com as part of its transparency commitments. The company's communication to exchanges was signed by Anantha Murthy N, Company Secretary and Chief Compliance Officer.
ICRA Limited has emphasized that the rating should not be treated as a recommendation to buy, sell, or hold the rated instrument. The rating agency reserves the right to review and revise the rating based on new information or changing circumstances that could impact the rating assessment.
Additional Guidelines
In line with recent SEBI circular dated November 18, 2024, ICRA has encouraged the use of penny-drop verification service provided by banks. This measure aims to prevent payment failures when disbursing principal and interest to investors or debenture holders, ensuring successful remittance and avoiding transaction failures.
Historical Stock Returns for Tejas Networks
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.56% | -7.73% | -11.65% | -40.22% | -63.65% | +206.17% |















































