Harrisons Malayalam Limited — Credit Ratings, 20-02-2026: Credit Rating

CARE Ratings has reaffirmed Harrisons Malayalam's long-term bank facilities at CARE BBB, revising the outlook to Stable from Negative. Short-term facilities are reaffirmed at CARE A3+. The improved outlook reflects better operational performance in tea and rubber, sustained prices, and comfortable financials. HML's strong market position and RPG Group backing remain key strengths. Total long-term facilities are ₹107.22 Cr and short-term facilities are ₹9.26 Cr.