Balu Forge Industries Limited — Credit Ratings, 10-02-2026: Credit Rating- New

Balu Forge Industries has received upgraded credit ratings from ICRA Limited for its bank facilities totaling Rs. 231.00 Cr. Long-term facilities are now rated [ICRA]A-(Stable), while short-term facilities are rated [ICRA]A2+. This upgrade, applicable to term loans, working capital, and non-fund-based facilities, signifies an improved borrowing profile for the company, with a stable outlook.