Happiest Minds Technologies: CARE Assigns A1+ Rating to Short-Term Facilities; Reaffirms AA- for NCDs & Bank Facilities

Happiest Minds Technologies Limited announced that Care Ratings Limited has assigned a rating of CARE A1+ (A One Plus) to the company's Short-term Bank Facilities, amounting to ₹5.00 crore. This is a ...

Happiest Minds Technologies Limited announced that Care Ratings Limited has assigned a rating of CARE A1+ (A One Plus) to the company's Short-term Bank Facilities, amounting to ₹5.00 crore. This is a new assignment for this facility. Furthermore, Care Ratings Limited has reaffirmed the existing ratings for the company's Non-convertible Debentures and Long-term/Short-term Bank Facilities. The Non-convertible Debentures, with a value of ₹80.00 crore, have been reaffirmed at CARE AA-; Stable (Double A Minus; Outlook: Stable). The Long-term Bank Facilities, valued at ₹412.98 crore, also received a reaffirmed rating of CARE AA-; Stable. Additionally, the Long-term/Short-term Bank Facilities, amounting to ₹390.00 crore, have been reaffirmed at CARE AA-; Stable / CARE A1+ (Double A Minus; Outlook: Stable/ A OnePlus). The announcement was made on December 23, 2025, and is in compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

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Why is Happiest Minds Technologies Limited in the news today?

Happiest Minds Technologies Limited (HAPPSTMNDS) is in the news due to the assignment of a strong rating (a1+) for short-term facilities and reaffirmation of strong ratings (aa-) for long-term facilities and ncds indicate a positive credit assessment by the rating agency, which is favorable for the company.

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Happiest Minds Technologies LimitedHAPPSTMNDShttps://prysm.fi/v2/analyze/HAPPSTMNDS

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Happiest Minds Technologies: CARE Assigns A1+ Rating to Short-Term Facilities; Reaffirms AA- for NCDs & Bank Facilities

December 23, 2025, 07:49 AM

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Happiest Minds Technologies Limited announced that Care Ratings Limited has assigned a rating of CARE A1+ (A One Plus) to the company's Short-term Bank Facilities, amounting to ₹5.00 crore. This is a new assignment for this facility.

Furthermore, Care Ratings Limited has reaffirmed the existing ratings for the company's Non-convertible Debentures and Long-term/Short-term Bank Facilities. The Non-convertible Debentures, with a value of ₹80.00 crore, have been reaffirmed at CARE AA-; Stable (Double A Minus; Outlook: Stable). The Long-term Bank Facilities, valued at ₹412.98 crore, also received a reaffirmed rating of CARE AA-; Stable. Additionally, the Long-term/Short-term Bank Facilities, amounting to ₹390.00 crore, have been reaffirmed at CARE AA-; Stable / CARE A1+ (Double A Minus; Outlook: Stable/ A OnePlus).

The announcement was made on December 23, 2025, and is in compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

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