eMudhra Limited — Credit Ratings, 02-06-2025: Credit Rating

ICRA has upgraded Emudhra Limited’s rating on Rs. 35 Cr bank facilities to [ICRA]A (Stable)/[ICRA]A1 from [ICRA]A- (Positive)/[ICRA]A2+, with the outlook revised to Stable from Positive. This upgrade reflects the company’s stronger credit profile driven by consistent business performance and robust liquidity. The improved rating is expected to reduce borrowing costs and boost investor confidence in Emudhra’s financial resilience. The stable outlook suggests expectations of sustained credit quality in the near term.