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Sandhar Technologies Ltd. ( (IN:SANDHAR) ) has shared an update.
Sandhar Technologies has announced that credit rating agency ICRA has withdrawn its ratings on the company’s long-term fund-based term loans and long-term/short-term fund-based working capital facilities, aggregating to Rs 735 crore. The withdrawal was made at Sandhar’s request, while ratings from another agency, India Ratings & Research, remain in force, indicating the company continues to maintain an external credit opinion for its borrowings.
The move suggests a strategic shift in how Sandhar manages its credit rating relationships and disclosures, which may reflect internal preferences on rating coverage or cost-benefit considerations rather than an immediate change in credit quality. Stakeholders, including lenders and investors, are likely to rely more on the ratings from India Ratings & Research for an assessment of Sandhar’s credit profile following ICRA’s withdrawal.
More about Sandhar Technologies Ltd.
Sandhar Technologies Limited is an India-based company operating in the automotive components sector. It provides a range of products and solutions for vehicle manufacturers, with operations supported by term loans and fund-based working capital facilities to finance its business activities and growth.
Average Trading Volume: 13,662
Technical Sentiment Signal: Sell
Current Market Cap: 30.27B INR
Find detailed analytics on SANDHAR stock on TipRanks’ Stock Analysis page.