Page Industries credit ratings reaffirmed as financial stability continues

Page Industries Limited announced on October 16, 2025, that ICRA Limited has reaffirmed its credit ratings for the company's bank facilities. The long-term fund-based cash credit and long-term fund-based/term loan facilities received an [ICRA]AA+(Stable) rating, while the short-term non-fund based facilities were rated [ICRA]A1+. These ratings were initially assigned on October 7, 2025.

The total rated amount for long-term fund-based facilities is INR 272.00 crore, comprising INR 232.00 crore for cash credit and INR 40.00 crore for term loans. Short-term non-fund based facilities account for INR 78.00 crore, bringing the total rated amount across all facilities to INR 350.00 crore.

Specific banks involved in the long-term cash credit facilities include HDFC Bank Limited and HSBC Limited (each INR 100.00 crore), ICICI Bank Limited (INR 30.00 crore), and Canara Bank (INR 2.00 crore). For short-term non-fund based limits, HDFC Bank Limited accounts for INR 75.00 crore and Canara Bank for INR 3.00 crore. HDFC Bank Limited also provides the entire INR 40.00 crore for the long-term term loan facility.