Samrat Forgings Ltd — Important, 01-10-2025: Company Update

Samrat Forgings Limited's credit ratings by CRISIL have been migrated from 'Issuer Not Cooperating' to 'Crisil BB/Stable/Crisil A4+' and subsequently withdrawn. The company requested this withdrawal, which was approved by its banker and aligns with CRISIL's policy for bank loan rating withdrawals. This means the company no longer has active credit ratings from CRISIL. CRISIL previously highlighted the promoter's extensive experience as a strength, balanced by an average financial risk profile. Key concerns included high reliance on external debt, with networth around Rs 36.83 crore, and significant working capital requirements, leading to bank limits utilized near 95%.