Commercial Syn Bags Limited — Credit Ratings, 22-01-2026: Credit Rating- Others

ICRA Limited has reaffirmed Commercial Syn Bags' credit ratings for its Rs. 141 Cr bank facilities. The Long-term rating is [ICRA]BBB (Stable), and Short-term is [ICRA]A3+. This reflects an established market position, improved financials with 20.6% YoY revenue growth in FY25, strong export demand, and a focus on value-added products. The outlook remains Stable.