Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding reaffirmation of Long Term Credit ....
LUMAXTECH · price
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Lumax Auto Technologies Ltd received reaffirmation of its credit ratings from CRISIL Ratings Limited. The Long-Term rating was maintained at CRISIL AA/stable while the Short-Term/Commercial Paper rating was reaffirmed at CRISIL A1+. CRISIL reviewed enhanced bank loan facilities that were increased from Rs. 332 Crores to Rs. 681 Crores. The total rated facilities include Cash Credits, Term Loans, and Working Capital facilities across multiple banks including HDFC Bank, ICICI Bank, Kotak Mahindra Bank, YES Bank, CTBC Bank, and others. The ratings indicate very strong degree of safety regarding timely payment of financial obligations.
Positive for shareholders - the reaffirmation of investment-grade ratings (AA and A1+) signals continued financial stability and strong creditworthiness, which can support lower borrowing costs and investor confidence.