Intimation regarding withdrawal of Credit Rating by CRISIL Ratings Limited on Bank Loan Facilities availed by the Company
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Shahlon Silk Industries has informed BSE that CRISIL Ratings has withdrawn the credit rating assigned to the company's bank loan facilities, following the company's own request dated September 27, 2025. The total bank loan facilities that were rated stood at Rs. 151.5 crore, spread across multiple lenders including Bank of Baroda, SVC Co-Operative Bank, Cosmos Co-Operative Bank, NKGSB Co-Operative Bank, and Aditya Birla Finance. The previous long-term rating was CRISIL B/Stable and short-term was CRISIL A4, both carrying an 'Issuer Not Cooperating' tag, indicating the company had not been sharing information with the rating agency.
The withdrawal is at the company's own request rather than a CRISIL-driven action, but the prior ratings were already in speculative (junk) grade territory with an 'Issuer Not Cooperating' flag — this removes public visibility on the company's credit quality and may raise concerns among lenders and shareholders.