Lumax Industries Limited — Credit Ratings, 27-04-2026: Credit Rating

ICRA Limited upgraded Lumax Industries' credit ratings for its bank facilities totalling ₹1,502.93 Cr. The short-term rating moved to ICRA A1+ from A1, and the long-term rating improved to ICRA AA- from A+. The outlook on the long-term rating remains Stable. This upgrade indicates enhanced creditworthiness, a key positive for investors.