Stove Kraft receives upgraded credit ratings from ICRA

Stove Kraft Limited has received an upgraded credit rating from ICRA, as detailed in a report issued on December 18, 2025. The long-term rating for its bank facilities has been revised to "[ICRA]A (Stable)" from the previous "[ICRA]A- (Positive)." Concurrently, the short-term rating has been upgraded to "[ICRA]A1" from "[ICRA]A2+."

These revised ratings reflect an improved assessment of Stove Kraft's financial health and stability by ICRA. The upgrade from a "Positive" outlook to a "Stable" outlook for the long-term rating, alongside the higher short-term rating, indicates a stronger credit profile for the company.

The company communicated this development in compliance with Regulation 30 of SEBI Listing Regulations and the SEBI Master Circular dated November 11, 2024. The intimation has also been uploaded to Stove Kraft's official website.