Sandhar Technologies Limited — Credit Ratings, 25-05-2026: Credit Rating

India Ratings & Research affirmed Sandhar Technologies' Long-Term Bank Facilities (totaling ₹805 Cr) at 'IND AA-/Stable' and Short-Term facilities at 'IND A1+'. Commercial Paper (₹80 Cr) was also affirmed 'IND A1+'. The ratings reflect a strong diversified business profile, healthy revenue growth (FY26 revenue ₹4,852 Cr), and a stable credit profile, despite some customer concentration and overseas subsidiary performance.