Suryalakshmi Cotton Mills' Credit Rating Outlook Revised to Stable
Suryalakshmi Cotton Mills Limited's bank facilities have had their outlook revised to Stable from Negative by ICRA. Long-term facilities, including cash credit and term loans totaling ₹227.49 crore, were reaffirmed at '[ICRA]BBB (Stable)'. Short-term non-fund based facilities of ₹55.70 crore were reaffirmed at '[ICRA]A3+'. Unallocated limits of ₹80.00 crore were also reaffirmed. The total rated amount is ₹363.19 crore.
A stable credit rating outlook can positively influence the company's borrowing costs and access to credit, potentially impacting its financial operations and future expansion plans.
The revision of the outlook from Negative to Stable indicates an improvement in the company's creditworthiness and financial stability, which is a positive development.
Suryalakshmi Cotton Mills Limited has announced a review of its credit ratings by ICRA Limited. The rating agency has reaffirmed the existing ratings for the company's bank facilities and revised the outlook for applicable long-term facilities from Negative to Stable.
The reaffirmed ratings include '[ICRA]BBB (Stable)' for the Long-term Fund Based - Cash Credit facility, which has a total amount of ₹169.50 crore. The Long-term Fund Based - Term Loan facility, amounting to ₹57.99 crore, also received a '[ICRA]BBB (Stable)' rating with the outlook revised to Stable.
For Short-term Non-Fund Based - Others, the rating is '[ICRA]A3+', with an amount of ₹55.70 crore. Additionally, the Unallocated Facilities, with a total of ₹80.00 crore, have been reaffirmed with ratings of '[ICRA]BBB (Stable) / [ICRA]A3+' and the outlook revised to Stable from Negative.
The total rated amount across all facilities stands at ₹363.19 crore. The rating communication letter from ICRA Limited is dated September 28, 2026.
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Suryalakshmi Cotton Mills Limited filed this with the NSE as a statutory disclosure, categorised under credit ratings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Suryalakshmi Cotton Mills Limited. Read the original for the full detail.