Announced Thu, 7 May · 18:22 IST

Intimation about upgradation of Credit Rating by ICRA

Rating UpgradedCredit & Debt View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-3.7%1-day move

₹240.00

prior close

₹231.10

base price

After-mkt

timing

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+5.6+5.6+5.6+5.6-3.7-2.2-4.0-4.2-4.2-9.3+2.9+1.4-3.8—

Up moveDown movePending

AI summary

Suraj Products Ltd has received a credit rating upgrade from ICRA Limited. The long-term rating was upgraded from ICRA BBB (Stable) to ICRA BBB+ (Stable), while the short-term rating was upgraded from ICRA A3+ to ICRA A2. The upgraded ratings apply to bank loan facilities totaling Rs. 57.50 crore, comprising Rs. 51 crore in long-term facilities (term loans and cash credit from Canara Bank) and Rs. 6.50 crore in short-term non-fund based facilities. The ratings were assigned on April 28, 2026, and will be under surveillance within one year.

Likely market impact

The rating upgrade reflects improved creditworthiness and financial health of the company, which could lower borrowing costs and improve investor confidence in the stock.