Ashnoor Textile Mills Ltd — Updates, 16-04-2025: Company Update

Crisil Ratings has assigned a long-term rating of Crisil BBB- with a stable outlook and a short-term rating of Crisil A3 to Ashnoor Textile Mills Limited's bank facilities totaling ₹80 crore. These ratings reflect the agency's opinion on the company's financial stability and capacity to meet repayment obligations. The ratings will be valid until September 30, 2025, and are subject to continuous surveillance. This development may enhance investor confidence, although potential fluctuations in the ratings could pose risks to longer-term operational strategies.