Refex Industries Limited — Credit Ratings, 09-01-2026: Credit Rating

Acuité Ratings has reaffirmed Refex Industries' credit ratings for its bank loan facilities. The long-term rating remains 'ACUITE A- | Stable' for Rs. 165 Cr, and the short-term rating is 'ACUITE A2+' for Rs. 135 Cr. This reflects improved operating performance, a strong order book, and a healthy financial profile. Outlook remains Stable.