Swaraj Suiting Limited — Credit Ratings, 21-02-2026: Credit Rating

Crisil Ratings has upgraded Swaraj Suiting Ltd's Bank Loan Facilities to 'Crisil BBB+/Stable' from 'Crisil BBB/Stable'. This upgrade reflects strong operating performance, with revenue climbing from Rs 325 Cr (FY24) to Rs 418 Cr (FY25), and improved operating margins. The company's financial profile is also set to strengthen due to Rs 261.5 Cr raised through warrants and preference shares.