International Conveyors Limited — Credit Ratings, 09-07-2026: Credit Rating

CARE Ratings Limited has upgraded International Conveyors Limited's long-term bank facilities to CARE BBB; Stable and short-term facilities to CARE A3+. A new long-term facility of ₹9.50 Cr was assigned CARE BBB; Stable. The outlook remains Stable. The upgrade reflects improved financial performance in FY26, driven by growth in scale of operations and better operating margins.