CARE Ratings Reaffirms Credit Ratings for Shiva Mills Limited Bank Facilities
Shiva Mills Limited has received a reaffirmation of its credit ratings for bank facilities from CARE Ratings Limited. The rating action follows a review of the company's operational and financial performance for the fiscal year 2026 (Audited).The reassessment covers both long-term and short-term banking facilities, maintaining the existing rating status for the entity.
Rated Facilities Overview
The credit ratings were assigned to bank facilities totaling Rs. 40.00 crore. The specific breakdown of the rated facilities is as follows:| Nature of Facility | Amount (Rs. crore) | Rating | Rating Action |
|---|---|---|---|
| Long-term Bank Facilities | 27.50 | CARE BBB; Stable | Reaffirmed |
| Short term Bank Facilities | 12.50 | CARE A3+ | Reaffirmed |
Detailed Facility Breakdown
The long-term bank facilities, which are fund-based limits, consist of cash credit arrangements provided by ICICI Bank Ltd. and Indian Overseas Bank. The short-term banking facilities are non-fund based limits involving letters of credit from ICICI Bank Ltd.| Category | Lender | Rated Amount (Rs. crore) | Remarks |
|---|---|---|---|
| Long Term Fund Based | ICICI Bank Ltd. | 17.50 | Cash Credit |
| Indian Overseas Bank | 10.00 | Cash Credit with Sublimit of PCFC/LC/WCFC/WCDL | |
| Short Term Non-Fund Based | ICICI Bank Ltd. | 12.50 | Letter of Credit |
| Total Facilities | 40.00 |
SHIVAMILLS Stock Price Movement
Shiva Mills Limited shares edged higher to close at ₹61.79 today, gaining 1.65% in post-market activity. The stock saw a total trading volume of 1,226 shares as it stabilized above its previous close.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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