Ambika Cotton Mills Ltd announced that CRISIL has upgraded its short-term bank facilities amounting to Rs.455.55 Crore from 'Crisil A1' to 'Crisil A1+', while reaffirming its long-term bank facility at 'Crisil A+/Stable'; the rating agency also assigned 'Crisil A1+' to composite working capital limits of 110 with Axis Bank Limited, 35 with IDBI Bank Limited, 75 with ICICI Bank Limited, and 125 with HDFC Bank Limited, alongside a proposed working capital facility of Rs.110.55, also rated 'Crisil A+/Stable', noting a sustained improvement in liquidity and strengthening financial flexibility, with a standalone business profile demonstrating a strong financial risk profile and a comfortable networth of Rs.954 crore as of March 31, 2026, with detailed rationale available on the CRISIL website at the provided URL.
