27-Oct-2026 14:02:03

LEAPIND : WHOLLY OWNED SUBSIDIARY TARON BANK LOAN RATING UPGRADED TO IND A+/STABLE

• Ind-Ra upgraded TARON's long-term bank loan rating to IND A+ from IND A and short-term rating to IND A1+ from IND A1 • Rated bank loan facilities total ₹200 Cr across Axis Bank, HSBC, IDFC First Bank and a proposed term loan • Group consolidated revenue up 54.8% yoy at ₹732 Cr in FY26; 1QFY27 revenue up 19.1% yoy at ₹203.4 Cr • TARON standalone FY26 revenue up 30.1% at ₹116.6 Cr; EBITDA margin 32.1% v 31.2% (YOY) • TARON order book at ₹150 Cr; IPO proceeds of ₹480 Cr, of which ₹360 Cr used for debt prepayment

LEAP India Limited

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