Pls find attached herewith credit rating report along with clarification to the point raised by BSE Limited.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
India Ratings & Research has assigned and reaffirmed credit ratings on Pasupati Spinning & Weaving Mills' bank facilities as of 09 July 2025. A new term loan of INR 44.59 million maturing 31 August 2029 received an IND BB-/Stable rating (newly assigned), while existing fund-based working capital (INR 338.25 million), non-fund-based working capital (INR 59.55 million), working capital term loan (INR 17.75 million) and another term loan (INR 30.04 million) were all affirmed at IND BB-/Stable and IND A4+. The company explained to BSE that the report was submitted to the exchange within 24 hours of receipt from India Ratings, with no delay on its part. Ratings are spread across lenders including Bank of Baroda, Canara Bank, SBI, PNB and Nainital Bank.
The IND BB-/Stable rating indicates a sub-investment grade (junk) credit profile with higher default risk, but the Stable outlook and 'affirmed' status on most facilities suggest no immediate deterioration. Shareholders should note the company continues to operate in the higher-risk credit category, and any future rating action (upgrade or downgrade) will be a key signal to watch.