Pursuant to Regulation 30(6) read with schedule III of SEBI LODR Regulations, 2015, we hereby enclosed credit rating review letter issued by CRISIL.
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Awaiting price reaction for this filing.
CRISIL has reviewed the credit ratings on Prima Plastics' bank facilities totaling Rs. 60 crore. The long-term rating continues at CRISIL BBB+ and the short-term rating at CRISIL A2, both remaining on 'Rating Watch with Developing Implications.' Facilities include cash credit of Rs. 18.5 crore, non-fund based limit of Rs. 3.5 crore, and term loan of Rs. 18 crore from Kotak Mahindra Bank, plus a working capital facility of Rs. 20 crore from Axis Bank. The rating letter is valid until March 31, 2026. No change in rating action — only continuation of the existing watch status.
No upgrade or downgrade — the rating has simply been kept under watch, meaning CRISIL is still assessing factors that could move the rating in any direction. Investors should note the resolution of the watch status could trigger a future rating change.