Acknit Industries Ltd — Important, 23-09-2025: Company Update

Acknit Industries announced that ICRA has revised its credit ratings for the company's banking facilities. The long-term rating for fund-based working capital facilities of 70.00 Cr and a term loan of 1.28 Cr is now [ICRA]BBB (Stable). Short-term non-fund based working capital facilities of 6.02 Cr received an [ICRA]A3+ rating. For other facilities totaling 2.02 Cr, including unallocated limits and non-fund-based working capital, the ratings are [ICRA]BBB (Stable)/[ICRA]A3+. This revision reflects ICRA's updated assessment of the company's creditworthiness.