In accordance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we herewith submit the credit rating assigned by M/s. ICRA Limited, as annexed.
AETHER · price
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Awaiting price reaction for this filing.
ICRA has revised the outlook on Aether Industries' long-term credit rating from Stable to Positive, while reaffirming the rating at ICRA A+. The short-term rating of ICRA A1 has also been reaffirmed. The ratings cover bank facilities totaling Rs. 296 crore, spread across ICICI Bank (Rs. 200 cr), HDFC Bank (Rs. 46 cr), and Axis Bank (Rs. 50 cr). The rating action was taken on September 26, 2025, and communicated to the company on September 30, 2025.
A Positive outlook revision signals strengthening credit fundamentals and improving business outlook, which could support lower future borrowing costs. This is a credit-positive development for shareholders, indicating the company is on track for a potential rating upgrade.