Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Acknit Industries has informed that ICRA has upgraded the long-term rating in respect of the Company’s banking facilities to [ICRA] BBB (pronounced ICRA triple B) from [ICRA] BBB- (pronounced ICRA triple B minus) and short-term rating to [ICRA] A3+ (pronounced ICRA A three plus) from [ICRA] A3 (pronounced ICRA A three). The outlook on the long-term rating is stable. The company has enclosed the Rating Rationale issued by ICRA.
The above information is a part of company’s filings submitted to BSE.
