Company Update

Shilchar Technologies has announced a credit rating upgrade by CareEdge, reflecting improved operational and financial performance for FY25. The company’s long-term and short-term bank facilities worth ₹103 crore have been rated 'CARE A; Stable / CARE A1', upgraded from the previous 'CARE A-; Stable / CARE A2+'. Additionally, short-term bank facilities of ₹5 crore were upgraded to 'CARE A1'. This stronger credit profile enhances Shilchar’s borrowing capacity and signals greater financial stability, benefiting stakeholders by supporting expanded operational flexibility and confidence among lenders.