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Transpek Industry Ltd. — Capital/Financing Update 2025
Sep 24, 2025
61984_rns_2025-09-24_c08787eb-d43b-4d6c-b2d8-054d5abde8da.pdf
Capital/Financing Update
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BIMAL Digitally signed by BIMAL VASANTLAL VASANTLA MEHTA Date: 2025.09.24 L MEHTA 16:57:25 +05'30'
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ICRA Limited
ICRA/Transpek Industry Limited/24092025/01
Date: September 24, 2025
Mr. Pratik Shah
CFO Transpek Industry Limited 4[th] Floor, Lilleria 1038, Gotri Sevasi Road, Vadodara, Gujarat - 390021
Dear Sir,
Re: ICRA’s Credit Rating for below mentioned Instruments of Transpek Industry Limited
As per the Rating Agreement/Statement of Work executed with ICRA Limited, ICRA’s Rating Committee has taken the following rating actions for the mentioned instruments of your company.
| Instrument | Rated Amount (Rs. crore) |
Rating Action1 |
|---|---|---|
| Long Term-Fund Based-Cash Credit | 85.00 | [ICRA]A+(Stable); Reaffirmed |
| Long Term-Fund Based-Term Loan | 0.00 | - |
| Short Term-Fund Based-Others | 23.50 | [ICRA]A1; Reaffirmed |
| Short Term-Non Fund Based-Others | 76.56 | [ICRA]A1; Reaffirmed |
| Total | 185.06 |
The aforesaid rating(s) will become due for surveillance within one year from the date of rating communication letter. However, ICRA reserves the right to review and/or, revise the above rating(s) at any time based on new information becoming available, or the required information not being available, or other circumstances that ICRA believes could have an impact on the rating(s). Therefore, request the lenders and investors to visit ICRA website at www.icra.in for latest rating(s) of the company.
The rating(s) are specific to the terms and conditions of the instruments as indicated to us by you, and any change in the terms or size of the same would require a review of the rating(s) by us. In case there is any change in the terms and conditions or the size of the rated instrument, the same must be brought to our notice before the instrument is used by you. In the event such changes occur after the rating(s) have been assigned by us and their use has been confirmed by you, the rating(s) would be subject to our review, following which there could be a change in the rating(s) previously assigned. Notwithstanding the foregoing, any change in the overall limit of the instrument from that specified in this letter, would constitute an enhancement that would not be covered by or under the said Rating Agreement.
The rating(s) assigned must be understood solely as an opinion and should not be treated, or cause to be treated, as recommendation to buy, sell, or hold the rated instrument availed/issued by your company.
You are also requested to forthwith inform us about any default or delay in repayment of interest or principal amount of the instrument rated, as above, or any other debt instruments/ borrowing and keep us informed of any other developments which may have a direct or indirect impact on the debt servicing capability of the company including any proposal for re-schedulement or postponement of the repayment programmes of the dues/ debts of the company with any lender(s) / investor(s), or occurrence of any significant development that could impact the ability of the company to raise funds such as restriction imposed by any authority from raising funds through issuance of debt securities through electronic bidding system. Further, you are requested to inform us immediately as and when the borrowing limit for the instrument rated, as above, or as prescribed by the regulatory authority(ies) is exceeded.
1 Complete definitions of the ratings assigned are available at www.icra.in.
Building No. 8, 2 Sensitivity Label : Restricted[nd] Floor, Tower A DLF Cyber City, Phase II Gurugram – 122002, Haryana
Tel.: +91.124 .4545300 CIN: L749999DL1991PLC042749
Website: www.icra.in Email: [email protected] Helpdesk: +91 9354738909
Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel.: +91.11.23357940-41
R A T I N G ● R E S E A R C H ● I N F O R M A T I O N
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We look forward to your communication and assure you of our best services.
With kind regards, Yours sincerely, For ICRA Limited
Prashant Vasisht Senior Vice President and Co-Group Head [email protected]
Sensitivity Label : Restricted
Annexure
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| Details of Bank Limits Rated by ICRA (Rated on Long-Term Scale) |
Amount (Rs. crore) | Rating | Rating Assigned On |
|---|---|---|---|
| Cash Credit Limits | |||
| State Bank of India | 40.00 | [ICRA]A+(Stable) | September 16, 2025 |
| Axis Bank Limited | 19.75 | ||
| Bank of Baroda | 20.25 | ||
| IDBI Bank Limited | 5.00 | ||
| Total | 85.00 |
| Details of Bank Limits Rated by ICRA (Rated on Short-Term Scale) |
Amount (Rs. crore) | Rating | Rating Assigned On |
|---|---|---|---|
| Fund-Based Facilities - EPC/ Export Credit |
|||
| Axis Bank Limited | 21.50 | [ICRA]A1 | September 16, 2025 |
| Bank of Baroda | 2.00 | ||
| Bank Guarantee | |||
| State Bank of India | 0.24 | ||
| Bank of Baroda | 0.16 | ||
| Letter of Credit | |||
| Axis Bank Limited | 10.56 | ||
| IDBI Bank Limited | 8.00 | ||
| Inland/ Import Letter of Credit |
|||
| State Bank of India | 26.00 | ||
| Bank of Baroda | 12.00 | ||
| Loan Equivalent Risk Limits |
|||
| State Bank of India | 2.50 | ||
| Unsecured LER Limits | |||
| Axis Bank Limited | 15.00 | ||
| Bank of Baroda | 2.10 | ||
| Total | 100.06 |
Sensitivity Label : Restricted
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ICRA Limited
ICRA/Transpek Industry Limited/24092025/02
Date: September 24, 2025
Mr. Pratik Shah
CFO Transpek Industry Limited 4[th] Floor, Lilleria 1038, Gotri Sevasi Road, Vadodara, Gujarat - 390021
Dear Sir,
Re: ICRA’s credit rating for below instruments of Transpek Industry Limited
As per the Rating Agreement/Statement of Work executed with ICRA Limited, ICRA’s Rating Committee has taken the following rating actions for the mentioned instruments of your company.
| Instrument | Rated Amount (Rs. crore) |
Rating Action1 |
|---|---|---|
| Fixed Deposit | 30.00 | [ICRA]A+(Stable);Assigned |
| Total | 30.00 |
Once the instrument is issued, the rating is valid throughout the life of the captioned programme until withdrawn. However, ICRA reserves the right to review and/or, revise the above rating(s) at any time based on new information becoming available, or the required information not being available, or other circumstances that ICRA believes could have an impact on the rating(s). Therefore, request the lenders and investors to visit ICRA website at www.icra.in for latest rating(s) of the company.
The rating(s) are specific to the terms and conditions of the instruments as indicated to us by you, and any change in the terms or size of the same would require a review of the rating(s) by us. In case there is any change in the terms and conditions or the size of the rated instrument, the same must be brought to our notice before the instrument is used by you. In the event such changes occur after the rating(s) have been assigned by us and their use has been confirmed by you, the rating(s) would be subject to our review, following which there could be a change in the rating(s) previously assigned. Notwithstanding the foregoing, any change in the overall limit of the instrument from that specified in this letter, would constitute an enhancement that would not be covered by or under the said Rating Agreement.
The rating(s) assigned must be understood solely as an opinion and should not be treated, or cause to be treated, as recommendation to buy, sell, or hold the rated [Instrument] availed/issued by your company.
You are also requested to forthwith inform us about any default or delay in repayment of interest or principal amount of the instrument rated, as above, or any other debt instruments/ borrowing and keep us informed of any other developments which may have a direct or indirect impact on the debt servicing capability of the company including any proposal for re-schedulement or postponement of the repayment programmes of the dues/ debts of the company with any lender(s) / investor(s), or occurrence of any significant development that could impact the ability of the company to raise funds such as restriction imposed by any authority from raising funds through issuance of debt securities through electronic bidding system. Further, you are requested to inform us immediately as and when the borrowing limit for the instrument rated, as above, or as prescribed by the regulatory authority(ies) is exceeded.
We look forward to your communication and assure you of our best services.
With kind regards, Yours sincerely, For ICRA Limited
Prashant Vasisht
Senior Vice President and Co-Group Head [email protected]
1 Complete definitions of the ratings assigned are available at www.icra.in.
Building No. 8, 2 Sensitivity Label : Restricted[nd] Floor, Tower A DLF Cyber City, Phase II Gurugram – 122002, Haryana
Tel.: +91.124 .4545300
CIN: L749999DL1991PLC042749
Website: www.icra.in Email: [email protected] Helpdesk: +91 9354738909
Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel.: +91.11.23357940-41
R A T I N G ● R E S E A R C H ● I N F O R M A T I O N
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ICRA Limited
ICRA/Transpek Industry Limited/24092025/03
Date: September 24, 2025
Mr. Pratik Shah
CFO Transpek Industry Limited 4[th] Floor, Lilleria 1038, Gotri Sevasi Road, Vadodara, Gujarat – 390021
Dear Sir,
Re: ICRA’s credit rating for below instruments of Transpek Industry Limited
In accordance with the requirements of ICRA’s policy on withdrawal, ICRA’s Rating Committee has taken the following rating action:
| Instrument | Rated Amount (Rs. crore) |
Rating Action1 |
|---|---|---|
| Issuer Rating | - | [ICRA]A+(Stable); Reaffirmed and Withdrawn |
| Total | - |
With kind regards, Yours sincerely, For ICRA Limited
Prashant Vasisht Senior Vice President and Co-Group Head [email protected]
1 Complete definitions of the ratings assigned are available at www.icra.in.
Building No. 8, 2 Sensitivity Label : Restricted[nd] Floor, Tower A DLF Cyber City, Phase II Gurugram – 122002, Haryana
Tel.: +91.124 .4545300
CIN: L749999DL1991PLC042749
Website: www.icra.in Email: [email protected] Helpdesk: +91 9354738909
Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel.: +91.11.23357940-41
R A T I N G ● R E S E A R C H ● I N F O R M A T I O N