TGV SRAAC Limited has announced the renewal and reaffirmation of its credit ratings by CARE Ratings Limited, maintaining stable outlook across all banking facilities. The rating agency issued a press release dated January 8, 2026, confirming the continuation of existing ratings for the company's total banking facilities worth ₹621.97 crores.

Credit Rating Details

CARE Ratings has reaffirmed the company's credit ratings across three categories of banking facilities with some notable changes in facility amounts:

Rating Significance

The CARE A; Stable rating indicates adequate degree of safety regarding timely servicing of financial obligations, with stable outlook suggesting that the rating is unlikely to change in the near term. The CARE A1 rating for short-term facilities reflects strong degree of safety regarding timely payment of financial obligations.

Facility Amount Changes

Notable adjustments were made to facility amounts during the review process. Long-term bank facilities saw a reduction from ₹111.96 crores to ₹77.47 crores, while long-term/short-term bank facilities increased significantly from ₹382.18 crores to ₹528.55 crores. Short-term bank facilities were enhanced from ₹5.21 crores to ₹15.95 crores.

Regulatory Compliance

The company has fulfilled its regulatory obligations under Regulation 30 of SEBI (LODR) Regulations, 2015, by promptly disclosing the credit rating renewal to BSE Limited. Additionally, in compliance with Regulation 46(2) of SEBI (LODR) Regulations, 2015, the information has been made available on the company's website at www.tgvgroup.com .

The communication was signed by V. Radhakrishna Murthy, Chief General Manager and Company Secretary, confirming the company's commitment to maintaining transparency with stakeholders regarding its credit profile and financial standing.

TGV Sraac has successfully resolved the transformer failure that had disrupted its production operations and resumed normal manufacturing activities. The company informed BSE Limited about this positive development through an official communication, marking the end of a significant operational challenge that had impacted its caustic soda and chlorine production.

Production Restoration Complete

The chemical manufacturer has made necessary arrangements to restore the failed transformer to service, enabling the resumption of normal production operations. This development comes as a relief after the company faced substantial production losses due to the equipment malfunction.

Resolution Timeline

The company had initially estimated that the production disruption could continue for approximately 60 days. However, through effective coordination with the supplier, Transformers and Rectifiers India Ltd., the company successfully completed the transformer rewinding process and restored operations.

Regulatory Compliance

TGV SRAAC Limited has maintained transparency throughout this process by keeping BSE Limited informed about both the initial failure and the subsequent resolution. The company continues to adhere to Regulation 30 read with Schedule III Part-A Para-B of SEBI (LODR) Regulations, 2015, ensuring proper disclosure of material events.

Business Impact

The successful resolution of the transformer failure eliminates the production capacity constraints that had affected the company's caustic soda and chlorine manufacturing. With normal operations restored, TGV SRAAC Limited can now focus on meeting market demand and maintaining its position in the chemical industry. The company's proactive approach to resolving the technical issue demonstrates its operational resilience and commitment to minimizing business disruptions.