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Informist, Thursday, Oct. 1, 2026

--ICRA ups rating on Sapphire Foods' long-term loans, working capital to A+ 

NEW DELHI – Sapphire Foods India Ltd. Wednesday said ICRA Ltd. has upgraded its rating on the company's long-term loan facilities worth INR 1.21 billion to "A+" from "A" earlier. The rating agency upgraded the short-term loan worth INR 350 million to "A1" from "A2+" earlier, according to an exchange filing. ICRA also upgraded the company's working capital facilities worth INR 420 million to "A+" from "A" earlier. Cumulatively, ICRA ratings has upgraded its rating on Sapphire Foods' INR-2-billion debt facilities.

For the June quarter, Sapphire Foods reported a consolidated net profit of INR 140.41 million on revenues of INR 8.91 billion. Wednesday, shares of the company ended at INR 212.08 apiece on the National Stock Exchange, down 0.5% from Tuesday.  End

Reported by Devanshu Singla

Edited by Akul Nishant Akhoury

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