Ashnoor Textile Mills Ltd — Important, 06-09-2025: Company Update

Ashnoor Textile Mills has received updated credit ratings from CRISIL for its 80 Cr bank facilities. The long-term rating is reaffirmed at CRISIL BBB-/Stable, though the outlook has been revised from 'Positive' to 'Stable'. The short-term rating remains at CRISIL A3. This rating adjustment is crucial for understanding the company's borrowing costs and perceived financial stability, signaling a slight moderation in future positive expectations previously indicated by CRISIL.