ICRA Assigns Credit Ratings for TANFAC Industries Ltd.'s Working Capital and Unallocated Limits
ICRA has assigned credit ratings for various instruments of TANFAC Industries Ltd., reaffirming previous ratings for some facilities as of July 31, 2026. The rating includes fund-based, non-fund-based working capital limits, and short-term unallocated limits across several financial institutions.The total rated amount across all instrument types stands at Rs. 195.0 crore. These ratings reflect the status of TANFAC Industries Ltd.'s various operational limits.
Key details regarding the credit rating for different instruments are provided below:
| Instrument | Current Rated Amount (Rs. Crore) | Rating Action |
|---|---|---|
| Fund-based limits - Working capital facilities | 50.0 | [ICRA]A+(Stable); reaffirmed |
| Non-fund-based facilities - Working capital facilities | 105.0 | [ICRA]A1+; reaffirmed |
| Short-term - Unallocated Limits | 40.00 | [ICRA]A1+; reaffirmed |
TANFAC Industries Ltd.'s limits rated on the Long-Term Scale, totaling Rs. 50.0 crore, are supported by various banks. State Bank of India (SBI) has a limit of Rs. 20.00 crore with a rating of [ICRA]A+ (Stable). IDBI Bank Limited is rated at [ICRA]A+ (Stable) for a limit of Rs. 10.00 crore, while HDFC Bank Limited holds the remaining limits totaling Rs. 20.00 crore, also rated [ICRA]A+ (Stable).
The Short-Term Scale facilities, with a combined value of Rs. 105.0 crore, are covered by three banks. SBI has a short-term limit of Rs. 60.00 crore assigned the rating [ICRA]A1+. IDBI Bank Limited's facility stands at Rs. 30.00 crore with a rating of [ICRA]A1+, and HDFC Bank Limited holds a limit of Rs. 15.00 crore, also rated [ICRA]A1+.
In addition to the bank-specific limits, TANFAC Industries Ltd. has an Unallocated Limit totaling Rs. 40.00 crore, which was assigned the rating [ICRA]A1+ on July 31, 2026.
Stock Price Movement
TANFAC Industries Ltd.- shares settled at a strong ₹3065.70 on Friday, climbing 7.02%. The stock moved during the trading session between an intraday low of ₹2889.95 and a high of ₹3120.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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