In accordance with Reg. 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we herewith submit the Credit rating, as annexed.
AETHER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Aether Industries received credit rating affirmation from ICRA Limited for Rs. 296 crore of exposure. The long-term rating was maintained at ICRA A+, though the outlook was revised from 'Positive' to 'Stable', indicating improved credit stability. Short-term rating remains at ICRA A1, the highest rating in the short-term scale. The rating action was taken based on the company's FY2026 financial results announced on May 15, 2026. The rated facilities include cash credit and PCFC (Rs. 296 crore) from ICICI Bank, HDFC Bank, and Axis Bank.
The revision of outlook from Positive to Stable while maintaining the A+ rating is a positive development, indicating the rating agency recognizes improved stability in the company's credit profile. This could improve borrowing costs and lender confidence, which is beneficial for shareholders.