AI assistant
KRISHANVEER FORGE LIMITED — Capital/Financing Update 2025
Feb 6, 2025
59071_rns_2025-02-06_16113d9f-bd69-40ee-9482-213b21f786fe.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
KRISHANVEER FORGE LIMITED CIN: L28910PN1990PLC056985
REGD. OFF.: OFF. NO. 511 TO 513, GLOBAL SQUARE, S. NO. 247, 14B, YERAWADA, PUNE-411 006 PHONE NO: 8956616160 | EMAIL: [email protected] | WEBSITE: www.kvforge.com
KVF/SEC/2024-25/115
February 06, 2025
To, The Manager, BSE Limited, (Department of Corporate Services) Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 513369
Dear Sir / Madam,
Sub: Credit Rating – Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A(3) of Part A of Schedule III, India Ratings & Research revised the rating dated February 06, 2025, in relation to the ratings on debt instruments of the Company.
Revised rating as below:
| Revised rating as below: | ||||||
|---|---|---|---|---|---|---|
| Instrument Type | Date of Issuance |
Coupon Rate |
Maturity Date |
Size of Issue (million) |
Rating Assigned along with Outlook/Watch |
Rating Action |
| Fund-based working capital limits* |
- | - | - | INR 90 | IND A(CE)/Stable | Affirmed |
| Non-fund-based workingcapital limits* |
- | - | INR 55.5 | IND A1(CE) | Affirmed | |
| Long-term loan^ | - | - | 30 September 2024 |
INR 27.6 | WD | Withdrawn |
| Bill discounting facility* |
- | - | - | INR 50 | IND A1(CE) | Affirmed |
- Credit ratings with (CE) suffix indicate that the instruments are supported by an external explicit credit enhancement. Please refer to section DISCLOSURES FOR CE RATING for additional details as per Securities Exchange Board of India’s (SEBI) Master Circular dated 6 July 2023.
^ India Ratings & Research has withdrawn the rating of the term loan as there is no debt outstanding.
The above information is also available on the website of the Company www.kvforge.com. Thanking you, Yours faithfully,
For Krishanveer Forge Limited
Mahendra Digitally signed by Mahendra Ravso Samdole Ravso Samdole Date: 2025.02.06 14:54:48 +05'30'
Mahendra Ravso Samdole Company Secretary and Compliance Officer M No. A58630
FACTORY: GAT NO. 357, KHARABWADI, CHAKAN - TALEGAON ROAD, CHAKAN - 410 501, TAL. KHED, DIST. PUNE PHONE: 91(02135) 671400, 671424