![ICRA Assigns Rating for Archies Limited Instruments; Long-Term Fund-Based Credit Rated at [ICRA]B+](https://data.investoomarket.com/custom_attachments/32/32463-d4fa2c7ce3ce806126625aadc4905b1f.webp "ICRA Assigns Rating for Archies Limited Instruments; Long-Term Fund-Based Credit Rated at [ICRA]B+")
ICRA Assigns Rating for Archies Limited Instruments; Long-Term Fund-Based Credit Rated at [ICRA]B+
The Rating Committee of ICRA has assigned credit ratings for various instruments issued by Archies Limited, following a review based on the announcement of results from Q4FY26 and FY26. The rating actions cover both fund-based and non-fund-based facilities extended to the company.According to the assessment, the long-term rating for Archies Limited's LOC (Line of Credit) was assigned at [ICRA]B+ (Positive).
The total rated amount across all instruments stands at Rs 24.10 crore. The detailed breakdown of these facilities, along with their corresponding ratings and actions, is as follows:
| Instrument Category | Rated Amount (Rs. crore) | Rating Action | Previous Status |
|---|---|---|---|
| Long-term fund based Cash credit | 23.10 | [ICRA]B+ (Stable) | Downgraded from [ICRA]BB- (Stable) |
| Long-term Non-fund based | 1.00 | [ICRA]B+ (Stable) | Downgraded from [ICRA]BB- (Stable) |
| Total | 24.10 |
The rating assigned by ICRA is specific to the terms and conditions of the rated instruments. The assessment highlights that the credit ratings serve as an opinion and should not be treated or cause to be treated as a recommendation to buy, sell, or hold the rated instrument.
ARCHIES Stock Price Movement
As of 12:56 PM, shares of Archies Limited are slipping by 0.84% in live trading, currently priced at ₹14.19. The stock sheds ₹0.12 during the session, with total volume traded so far amounting to 297.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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