Shiva Texyarn's Long-Term Bank Facilities Upgraded by CARE Ratings
Shiva Texyarn's credit ratings have been upgraded by CARE Ratings. Long-term bank facilities were upgraded to CARE BBB+ Stable. Short-term facilities were upgraded to CARE A2. Total facilities amount to ₹202.58 Crores.
An upgrade in credit ratings can positively influence borrowing costs and investor confidence, thus having a medium-term impact on the company's financial operations.
The company's credit ratings have been upgraded, which is a positive indicator of its financial health and creditworthiness.
Shiva Texyarn Limited announced an update on its credit rating. CARE Ratings Limited, vide their letter dated 31st August 2026, has upgraded the ratings for the company's credit facilities.
The Long-Term Bank Facilities, enhanced from ₹80.99 Crores to ₹98.08 Crores, have been upgraded to CARE BBB+ Stable from CARE BBB; Stable. The Long-Term / Short-Term Bank Facilities, reduced from ₹70.00 Crores to ₹65.00 Crores, are now rated CARE BBB+; Stable / CARE A2+ Stable, upgraded from CARE BBB; Stable / CARE A3+.
Furthermore, the Short-Term Bank Facilities, reduced from ₹40.00 Crores to ₹39.50 Crores, have been upgraded to CARE A2 from CARE A3+. The total facilities amount to ₹202.58 Crores (Rupees Two Hundred Two Crores and Fifty-Eight Lakhs Only).
A plain-language summary of a public exchange filing by Shiva Texyarn Limited. Read the original for the full detail.