CRISIL Reaffirms Credit Ratings for Rishi Techtex Ltd Amid Operational Review
Rishi Techtex Limited has received reaffirmation of its credit ratings from CRISIL, following a review communicated on July 23, 2026. The ratings reflect the company's standing across various debt instruments and financial facilities.CRISIL confirmed both the long-term and short-term ratings for Rishi Techtex Ltd. As per the rating assignment, the company holds a Long Term Rating of CRISIL BBB-/Stable and a Short Term Rating of CRISIL A3.
These credit assessments pertain to the bank loan facilities of the company, which total Rs. 34 Crore. The specific breakdown of the rated banking facilities as of the date includes various debt instruments issued by Canara Bank.
| Facility Type | Institution | Amount (Rs. in Crore) | Outstanding Rating |
|---|---|---|---|
| Cash Credit | Canara Bank | 25 | Crisil BBB-/Stable |
| Proposed Fund-Based Bank Limits | -- | 3.11 | Crisil BBB-/Stable |
| Term Loan | Canara Bank | 5.16 | Crisil BBB-/Stable |
| Working Capital Term Loan | Canara Bank | 0.53 | Crisil BBB-/Stable |
| Bank Guarantee | Canara Bank | 0.2 | Crisil A3 |
The ratings, which remain valid until March 31, 2027, cover the total bank loan facilities amounting to Rs. 34 Crore during the period spanning April 01, 2026, to July 22, 2026.
Stock Price Movement
At 12:22, Rishi Techtex Ltd shares are edging higher, currently trading at ₹40.94, reflecting a gain of +₹1.94 or 4.97%. The stock has seen significant intraday movement, dipping down to a low of ₹37.35 but ultimately reaching a high of ₹42.90 today.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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