Dai-Ichi Karkaria Ltd Withdraws CRISIL Ratings on Bank Facilities
Dai-Ichi Karkaria Ltd has completed the voluntary withdrawal of its credit ratings assigned by CRISIL Ratings for bank facilities availed from Axis Bank Limited. CRISIL Ratings confirmed the withdrawal via a letter dated April 14, 2026.The company initiated the withdrawal process because the sanctioned credit limits are deemed below Axis Bank Limited's internal requirement for maintaining an external credit rating.
The ratings provided by CRISIL Ratings covered total bank loan facilities amounting to Rs. 25 Crore. The withdrawal impacted both long-term and short-term credit ratings.
The details of the withdrawn ratings are as follows:
| Facility Type | Rating Assigned | Status |
|---|---|---|
| Long Term Rating | CRISIL BB+/Stable | Reaffirmed and Withdrawn |
| Short Term Rating | CRISIL A4+ | Reaffirmed and Withdrawn |
The total bank loan facilities rated amounted to Rs. 25 Crore. These facilities, disbursed by Axis Bank Limited, included:
- Cash Credit: Rs. 15 Crore
- Letter of credit & Bank Guarantee: Rs. 10 Crore
The withdrawal of the ratings concluded the review process for the captioned bank loan facilities.
Stock Price Movement
As of 14:45, shares of Dai-Ichi Karkaria Ltd-$ are ticking up, trading at ₹260.00, reflecting a 0.33% increase for the day. The stock experienced significant range movement today, swinging between an intraday low of ₹256.05 and a high of ₹267.00.Source:
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