Pokarna Limited has informed the Exchange about Credit Rating
POKARNA · price
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Awaiting price reaction for this filing.
CRISIL has completed its review of credit ratings for Pokarna Limited and its material wholly-owned subsidiary Pokarna Engineered Stone Limited. Pokarna Limited's bank loan facilities of Rs. 34.98 crore continue to be rated CRISIL A-/Positive (long-term) and CRISIL A2+ (short-term). For the subsidiary, total bank loan facilities have been enhanced from Rs. 370 crore to Rs. 651.52 crore, with ratings reaffirmed at CRISIL A-/Positive (long-term) and CRISIL A2+ (short-term). The rating has been at A-/Positive since April 2025, and the Positive outlook signals that CRISIL sees scope for an upgrade in the future. All bank facilities are with Union Bank of India, covering export packing credit, foreign bill discounting, letters of credit, and long-term rupee loans.
Stable investment-grade rating with a Positive outlook is a positive sign for shareholders, indicating healthy creditworthiness. The significant Rs. 281 crore enhancement in the subsidiary's credit limit supports funding for business expansion, which could drive future growth.