Asian Granito India Limited has informed the Exchange about Credit Rating
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Asian Granito India Limited has filed a revised credit rating letter from Infomerics Valuation and Rating Limited. The revision is only a minor correction — a WCDL limit of Rs. 4.5 crore was wrongly attributed to IndusInd Bank instead of IDBI Bank on page 4. The company has clarified that the actual credit ratings remain unchanged from its earlier intimation. Long-term bank facilities of Rs. 145 crore (up from Rs. 100 crore) are reaffirmed at IVR BBB+/Stable, and short-term facilities of Rs. 10 crore (down from Rs. 56 crore) are reaffirmed at IVR A2. Bank guarantee and letter of credit facilities of Rs. 46 crore from IndusInd Bank have been withdrawn following a No Dues confirmation from the bank. Total rated facilities now stand at Rs. 155 crore, valid until May 29, 2026.
Credit ratings are reaffirmed with a stable outlook, indicating steady creditworthiness for retail investors. Withdrawal of IndusInd Bank facilities on a No Dues basis shows the company has settled obligations with that lender, which is a positive sign of debt management.