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Shaily Engineering Plastics' long-term bank facilities reaffirmed as CARE A+; Stable by CARE Ratings

26-Sep-26 16:54 Hrs IST

Shaily Engineering Plastics Ltd announced that CARE Ratings Limited has reaffirmed its rating for Long Term Bank Facilities at CARE A+; Stable, previously reduced from 239.62 to 239.24, and upgraded Short Term Bank Facilities from CARE A1 to CARE A 1+ and CARE A1+, alongside upgrading another Short Term Bank Facilities from CARE A1; CARE Ratings also provided details regarding sanctioned term loans from HDFC Bank Ltd (Rs.50 crore), State Bank of India (Rs.8 crore and Rs.5.80 crore), fund-based limits from State Bank of India, HDFC Bank Ltd, Standard Chartered Bank, and proposed cash credit limits (Rs.19.00), as well as non-fund based limits from State Bank of India and HDFC Bank Ltd, totaling Rs.274.24 crore in total facilities, while CareEdge Ratings acknowledged the rating reflects opinions as of the date of the rating and continuous monitoring is possible annually, with no specific instrument or rating details provided by either agency beyond the aforementioned; no rating information was available from other agencies.

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