Company Disclosure
Credit Rating Details
CRISIL Ratings, vide its letter dated September 18, 2026, has re-affirmed and upgraded the ratings on the bank facilities of CMR Green Technologies Limited:
Total Bank Loan Facilities: ₹953 Crore (enhanced from previous ₹760.74 Crore)
Long Term Rating: Crisil AA-/Stable (upgraded from 'Crisil A+/Stable')
Short Term Rating: Crisil A1+ (upgraded from 'Crisil A1')
Bank-wise Facility Details (Annexure 1)
The rated facilities are distributed across multiple banks with the following breakdown:
- ICICI Bank Limited: Capital Demand Loan - ₹60 Crore (Crisil AA-/Stable)
- The Hongkong and Shanghai Banking Corporation Limited: Cash Credit & Working Capital Demand Loan - ₹50 Crore (Crisil AA-/Stable)
- Axis Bank Limited: Cash Credit & Working Capital Demand Loan - ₹52 Crore (Crisil AA-/Stable)
- RBL Bank Limited: Cash Credit & Working Capital Demand Loan - ₹60 Crore (Crisil AA-/Stable)
- The Federal Bank Limited: Cash Credit & Working Capital Demand Loan - ₹98 Crore (Crisil AA-/Stable)
- HDFC Bank Limited: Cash Credit & Working Capital Demand Loan - ₹50 Crore (Crisil AA-/Stable)
- State Bank of India: Cash Credit & Working Capital Demand Loan - ₹150 Crore (Crisil AA-/Stable)
- HDFC Bank Limited: Letter of Credit - ₹40 Crore (Crisil A1+)
- Axis Bank Limited: Letter of Credit - ₹75 Crore (Crisil A1+)
- Axis Bank Limited: Loan Equivalent Risk Limits - ₹5 Crore (Crisil A1+)
- RBL Bank Limited: Overdraft Facility - ₹92.26 Crore (Crisil AA-/Stable)
- RBL Bank Limited: Overdraft Facility - ₹7.74 Crore (Crisil AA-/Stable)
- YES Bank Limited: Working Capital Demand Loan - ₹100 Crore (Crisil AA-/Stable)
- Shinhan Bank: Working Capital Demand Loan - ₹40 Crore (Crisil AA-/Stable)
Total: ₹953 Crore
Note: All limits are interchangeable with their respective sublimits.
Important Conditions and Disclaimers
The rating is valid for 180 days from the date of the letter (September 18, 2026). If the company does not avail the proposed facilities within this period, a fresh revalidation from CRISIL Ratings will be necessary.
CRISIL Ratings emphasizes that their ratings reflect current opinion on the likelihood of timely payment and do not constitute an audit of the rated entity. The ratings are based on information provided by the issuer or obtained from sources CRISIL considers reliable.
Company Representatives
Srishti Saxena, Company Secretary & Compliance Officer (M. No: A40576) signed the disclosure.
Yugal Garg, Chief Financial Officer, was the recipient of the CRISIL rating letter.