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Entity-Specific Rating Rationales

30 Apr 2026

AVR Swarnamahal Jewelry Limited: Ratings reaffirmed

AVR Swarnamahal Jewelry Limited: Ratings reaffirmed

09 Apr 2025

AVR Swarnamahal Jewelry Limited: Ratings reaffirmed; rated amount enhanced

AVR Swarnamahal Jewelry Limited: Ratings reaffirmed; rated amount enhanced

30 Oct 2024

AVR Swarnamahal Jewelry Limited: Ratings reaffirmed; Outlook revised to Stable from Positive

AVR Swarnamahal Jewelry Limited: Ratings reaffirmed; Outlook revised to Stable from Positive

31 Oct 2023

AVR Swarnamahal Jewelry Limited: Ratings reaffirmed; rated amount enhanced; Outlook revised to Positive from Stable

AVR Swarnamahal Jewelry Limited: Ratings reaffirmed; rated amount enhanced; Outlook revised to Positive from Stable

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Entity-Specific Credit Perspective Reports

26 May 2026

AVR Swarnamahal Jewelry Limited

AVR Swarnamahal Jewelry Limited (Non-SF)

27 Nov 2024

AVR Swarnamahal Jewelry Limited

AVR Swarnamahal Jewelry Limited (Non-SF)

24 Nov 2023

AVR Swarnamahal Jewelry Limited

AVR Swarnamahal Jewelry Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Long-term – Fund-based – Term Loan -- -- [ICRA]A-(Stable) --
Long-term/Short-term – Fund-based – Cash credit [ICRA]A2+ -- [ICRA]A-(Stable) --
Long Term Fixed Deposit -- -- [ICRA]A-(Stable) --

Our Analysts

Analyst 1

Sandipan Kumar Das

Analyst 2

Sujoy Saha

Sector Head

Jitin Makkar
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