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Shaily Engineering Plastics' credit ratings reaffirmed by CARE Ratings

October 1, 2025 at 11:39 AM UTCBy FilingReader AI

Shaily Engineering Plastics Limited has received a reaffirmation of its credit ratings from CARE Ratings Limited, as per an announcement dated October 1, 2025. The long-term bank facilities, enhanced to INR 239.62 crore, have been reaffirmed at 'CARE A+; Stable'. Concurrently, the short-term bank facilities, totaling INR 35.00 crore, have been reaffirmed at 'CARE A1'. These ratings reflect a stable outlook for the company's financial health.

The review by CARE Ratings Limited, conducted on September 30, 2025, considered the operational and financial performance of Shaily Engineering Plastics for FY25 (audited) and Q1FY26 (audited). The total rated facilities amount to INR 274.62 crore.

The company has advised that a detailed rating report and press release will be communicated separately. This reaffirmation provides an updated view of Shaily Engineering Plastics' creditworthiness for its bank facilities.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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