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As on 13-Nov-2026  01:19

Onida Electronics' bank facilities reaffirmed at 177.00 crore with a 'Negative' outlook

Onida Electronics Ltd announced that Infomerics Valuation and Rating Limited has reaffirmed the rating for its Bank Facilities at 177.00 Crore, assigning an IVR BB rating, while revising the outlook to 'Negative' from 'Stable' for the Total Bank Loan Facilities of 177.00, alongside reaffirming the short-term rating of 44; additionally, the rating for Non-Convertible Debentures of 48.00 has also been reaffirmed with the same outlook revision to 'Negative' from 'Stable'; further ratings were assigned to NCD-ItNE831 AO7017 (12.00), NCD - IIINEB3l 407025 (12.00), Cash Credit (Canara Bank) (14.00), Letter of Credit (Canara Bank) (14.70), Cash Credit (State Bank of India) (35.00), Letter of Credit (State Bank of India) (60.00), Cash Credit (IDBI Bank) (18.00), WCDL (IDBI Bank) (2.00), Letter of Credit (IDBI Bank) (15.00), Proposed Letter of Credit/Bank Guarantee (16.72), all carrying IVR ratings of BB/Negative or A4, with no ratings or data provided by SEBI, MCA, RBI, or N/CA.