Laxmi India Finance Limited — Credit Ratings, 20-03-2026: Credit Rating

Acuite Ratings & Research Limited has upgraded Laxmi India Finance's Bank Loan facilities (Rs 1576.86 Cr) and Non-Convertible Debentures (Rs 80 Cr) to 'A/Stable' from 'A-/Positive'. Additionally, Acuite assigned an 'A/Stable' rating to proposed NCDs (Rs 100 Cr). This upgrade signifies improved credit quality and a stable outlook for the company's debt instruments.