Pennar Industries Reaffirms Credit Ratings with CARE Ratings
Hyderabad, March 26, 2026 – Pennar Industries Limited announced today that CARE Ratings Limited has reaffirmed its credit ratings for the company’s short-term and long-term bank facilities.The reaffirmed ratings are as follows:
Long Term Bank Facilities: CARE A; Stable (Enhanced from ₹712.46 crore to ₹754.46 crore)
Short Term Bank Facilities: CARE A1
A detailed breakdown of the rated facilities is presented below:
Long Term Facilities:
- Term Loans: ₹279.46 crore
- Fund Based Limits: ₹475 crore
Short Term Facilities:
- Fund Based Limits: ₹155 crore
- Non-Fund Based Limits: ₹778 crore
- Non-Fund Based Limits (Forward Contract): ₹0.50 crore
Total Facilities: ₹1,766.96 crore
CARE Ratings Limited reserves the right to revise or withdraw the ratings based on periodic reviews and surveillance. A copy of the press release issued by CARE Ratings Limited is available on the company’s website at www.pennarindia.com.
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