Back
Hot Pursuit
Ambika Cotton Mills' short-term bank facilities upgraded to 'Crisil A1+' reflecting improved liquidity
30-Jul-2026, 12:27
Ambika Cotton Mills Ltd announced that CRISIL has upgraded its short-term bank facilities amounting to Rs.455.55 Crore from 'Crisil A1' to 'Crisil A1+', while reaffirming its long-term bank facility at 'Crisil A+/Stable'; the rating agency also assigned 'Crisil A1+' to composite working capital limits of 110 with Axis Bank Limited, 35 with IDBI Bank Limited, 75 with ICICI Bank Limited, and 125 with HDFC Bank Limited, alongside a proposed working capital facility of Rs.110.55, also rated 'Crisil A+/Stable', noting a sustained improvement in liquidity and strengthening financial flexibility, with a standalone business profile demonstrating a strong financial risk profile and a comfortable networth of Rs.954 crore as of March 31, 2026, with detailed rationale available on the CRISIL website at the provided URL.
Ambika Cotton Mills Ltd announced that CRISIL has upgraded its short-term bank facilities amounting to Rs.455.55 Crore from 'Crisil A1' to 'Crisil A1+', while reaffirming its long-term bank facility at 'Crisil A+/Stable'; the rating agency also assigned 'Crisil A1+' to composite working capital limits of 110 with Axis Bank Limited, 35 with IDBI Bank Limited, 75 with ICICI Bank Limited, and 125 with HDFC Bank Limited, alongside a proposed working capital facility of Rs.110.55, also rated 'Crisil A+/Stable', noting a sustained improvement in liquidity and strengthening financial flexibility, with a standalone business profile demonstrating a strong financial risk profile and a comfortable networth of Rs.954 crore as of March 31, 2026, with detailed rationale available on the CRISIL website at the provided URL.