Garware Hi-Tech Films Receives Credit Rating Update from CARE Ratings Limited
Garware Hi-Tech Films Ltd has received a credit rating update from CARE Ratings Limited regarding its bank facilities, according to a communication dated July 6, 2026.The ratings address both long-term and short-term bank facilities, reflecting the company's financial standing as assessed by the agency.
For long-term banking arrangements, Garware Hi-Tech Films has been upgraded by CARE Ratings Limited. The company's rating for these facilities is now CARE AA; Stable, having moved up from CARE AA-; Stable.
In addition, the credit rating for short-term bank facilities was reaffirmed by CARE Ratings Limited as CARE A1+.
The specific details of the updated ratings are summarized in the table below:
| Facilities | Rating Action | Current Rating |
|---|---|---|
| Long Term Bank Facilities | Upgraded | CARE AA; Stable |
| Short Term Bank Facilities | Reaffirmed | CARE A1+ |
The rating action by CARE Ratings Limited was communicated to the company on July 6, 2026.
GRWRHITECH Stock Price Movement
Garware Hi-Tech Films Limited slips in live trading, shedding 1.64% to ₹6906 as of 2:15 PM, driven by the sharp drop of ₹115. The equity traded within a tight range during the session, dipping lower than its intraday low of ₹6880 but failing to reach the day’s high of ₹7083.5.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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