This is with reference to mentioned subject, Please find attached herewith latest credit rating of the Company as received from CARE Ratings Limited.
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CARE Ratings has upgraded Winsome Textile Industries' credit ratings after reviewing its FY25 audited performance. The long-term bank facilities rating has been raised from CARE BBB; Stable to CARE BBB+; Stable on an enhanced amount of Rs. 173.26 crore (up from Rs. 171.65 crore). The short-term bank facilities rating has been upgraded from CARE A3 to CARE A3+ on Rs. 282 crore of facilities. Total rated bank facilities stand at Rs. 455.26 crore across term loans, working capital limits, bill discounting, and non-fund based limits. The upgrade signals improved assessment of the company's operational and financial performance by the rating agency.
This is a positive development for shareholders — the upgrade to BBB+/A3+ reflects stronger creditworthiness and may help the company secure loans at more favourable interest rates. The improved rating could boost investor confidence in the stock.