B-Right Real Estate Limited received a reaffirmed IVR BBB-/Stable credit rating from Infomerics for fixed deposit facilities totaling Rs 40.00 crore. The rating covers proposed deposits of Rs 38.02 crore and existing deposits of Rs 1.98 crore, with the rating valid until February 24, 2027. The company must provide monthly no default statements and quarterly performance reports for ongoing monitoring.
B-Right Real Estate Limited has informed BSE Limited about receiving a reaffirmed credit rating from Infomerics Valuation and Rating Limited for its fixed deposit facilities. The company submitted the intimation on March 02, 2026, in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Credit Rating Details
Infomerics Valuation and Rating Limited has reaffirmed the IVR BBB-/Stable rating for B-Right Real Estate's fixed deposit facilities after reviewing the company's operational and financial performance for FY25 (Audited) and H1FY26. The rating committee conducted its review on February 24, 2026.
Facility Type Amount (Rs. crore) Current Rating Previous Rating Rating Action Long Term – Proposed Fixed Deposits 38.02 (Reduced from Rs 38.98 crore) IVR BBB-/Stable IVR BBB-/Stable Rating Reaffirmed Long Term – Fixed Deposits 1.98 (Enhanced from Rs 1.02 crore) IVR BBB-/Stable IVR BBB-/Stable Rating Reaffirmed Total 40.00 IVR BBB-/Stable IVR BBB-/Stable Rating Reaffirmed
Rating Validity and Monitoring Requirements
The credit rating remains valid for one year from February 24, 2026. Infomerics has established specific monitoring requirements for the company, including monthly submission of No Default Statements by the first date of each succeeding month and quarterly performance results within six weeks of each calendar quarter's close.
Facility Adjustments
The rating covers total fixed deposit facilities worth Rs 40.00 crore, with notable adjustments in the facility amounts. The proposed fixed deposits have been reduced from Rs 38.98 crore to Rs 38.02 crore, while the existing fixed deposits have been enhanced from Rs 1.02 crore to Rs 1.98 crore.
Rating Significance
The IVR BBB- rating indicates that the securities are considered to have a moderate degree of safety regarding timely servicing of financial obligations, carrying moderate credit risk according to Infomerics' rating scale. The stable outlook suggests consistent creditworthiness expectations.
Compliance and Disclosure
The company has fulfilled its regulatory obligations by informing BSE Limited about the rating reaffirmation. Company Secretary and Compliance Officer Bhagyashree Mehadia (ACS: 77087) signed the intimation letter, confirming that the rating information will also be available on the company's website for stakeholder access.
B-Right Realestate Limited has informed BSE about a significant development involving its subsidiary's entry into a major real estate project in Mumbai. The company disclosed that B-Right Realestate Ventures LLP, its subsidiary, has signed a term sheet with Sagar Developers for the development of a Slum Rehabilitation Authority (SRA) project.
Project Details and Location
The SRA project is strategically located at CTS No. 249 (pt) of Village Andheri, Gaodevi Dongari Road, Gilbert Hill, Andheri (West), Mumbai-400 058. Sagar Developers holds valid and subsisting development rights for this government land project.
Parameter: Details Location: CTS No. 249 (pt), Village Andheri, Gilbert Hill, Andheri West Land Area: 9,130 Sq. Mtr Total Sales Area: 2,44,509 Sq. Ft. Gross Development Value: Rs. 430 Crores Project Type: SRA Project on Government Land
Financial Projections
The project demonstrates substantial scale with significant commercial potential. The development is expected to generate approximately 2,44,509 sq. ft. of total sales area across the 9,130 sq. mtr land parcel. The company has projected a Gross Development Value (GDV) of Rs. 430 crores for the entire project.
Partnership Structure
The collaboration involves B-Right Realestate Ventures LLP working with Sagar Developers, who brings the essential development rights to the partnership. This arrangement allows the subsidiary to participate in a large-scale urban redevelopment project in one of Mumbai's prominent locations.
Regulatory Compliance
The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company filed the disclosure on February 13, 2026, ensuring compliance with mandatory reporting requirements for material developments affecting the business.
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