Lumax Industries Limited has informed the Exchange about Credit Rating

ICRA Limited has upgraded Lumax Industries' long-term credit rating from ICRA A+ to ICRA AA- (Stable) and short-term rating from ICRA A1 to ICRA A1+. The upgrade applies across all bank facilities including cash credit, term loans, and non-fund based limits totalling Rs. 1,502.93 crore. The company's total rated limits span multiple lenders including HDFC Bank, ICICI Bank, Citibank, and others. The stable outlook on the long-term rating indicates no immediate pressure for further changes. This upgrade reflects improved creditworthiness and financial health of the company.