Azad Engineering Credit Rating Upgraded to CARE A; Stable

Azad Engineering Limited announced that CARE, a Credit Rating Agency, has upgraded its credit ratings for long-term bank facilities to 'CARE A; Stable' from 'CARE A-; Stable'. The long-term/short-term bank facilities have been rated 'CARE A; Stable / CARE A2+'.

Credit Rating DetailsFacilities/InstrumentsAmount (₹ crore)Rating

Rating Action

Long-term bank facilities145.00CARE A; Stable

Upgraded from CARE A-; StableLong-term / Short-term bank facilities35.00CARE A; Stable / CARE A2+

LT rating upgraded from CARE A-; Stable and ST rating reaffirmed

The announcement was made pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ful Kumar Gautam, Company Secretary & Compliance Officer of Azad Engineering Limited, confirmed the rating upgrade in a filing dated July 25, 2025.

The upgraded credit ratings reflect CARE's assessment of Azad Engineering's enhanced financial risk profile and operational capabilities.