Kundan Edifice Limited's Bank Facility Rating Reaffirmed by Infomerics; Total Rated Amount Enhanced
Kundan Edifice Limited has received a rating update on its long-term bank facilities from Infomerics Valuation and Rating Limited. The agency confirmed the rating, noting an enhancement in the total amount of rated facilities after reviewing the company’s operational and financial performance for FY25 and FY26.The ratings issued by Infomerics placed the company's Long-Term Bank Facilities at IVR BBB-/Stable (Triple B Minus with Stable Outlook). This outcome reaffirms the previous rating assigned to the entity.
Reflecting the improved stability and financial standing, the total amount of the long-term bank facilities under review was set at Rs. 23.00 Crore, representing an enhancement from a previous figure of Rs. 15.00 Crore.
The credit rating assessment covers various cash credit and working capital facilities provided by major lending institutions. Key facility details include:
| Lender Name | Facility Type | Size of Facility (Rs, Crore) | Rating Assigned/Outlook | Regulator | Indicator |
|---|---|---|---|---|---|
| Union Bank of India | Cash Credit | 15.00 | IVR BBB-/ Stable | RBI | Simple |
| Bank of Maharashtra | Cash Credit | 8.00 | IVR BBB-/ Stable | RBI | Simple |
The rating from Infomerics is valid for a period of one year from the date of the rating committee review. The agency assessed the facilities against various instruments and regulated entities, maintaining a stable outlook for Kundan Edifice Limited.
KEL Stock Price Movement
Shares of Kundan Edifice Limited finished on Thursday settling at ₹81.5, registering no change for the session. The equity saw a traded volume of 7200 shares during the market day.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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