TGB Banquets and Hotels Limited has received an update on its credit rating from CARE Ratings Limited. The rating for the company's long-term bank facilities, amounting to ₹5.28 crore, has been reaffirmed at CARE B+ with a Stable outlook. This rating is based on the company's operational and financial performance for the fiscal year 2025 (audited) and the first nine months of fiscal year 2026 (unaudited). The facilities include fund-based limits such as Cash Credit from Indian Overseas Bank totaling ₹5.15 crore and non-fund based limits like Bank Guarantee from State Bank of India amounting to ₹0.13 crore. CARE Ratings Limited has stated that a press release detailing the rating will be shared shortly. The rating agency reserves the right to review the rating periodically.
