AB Cotspin India Limited has received reaffirmation of its credit ratings from Infomerics Valuation and Rating Pvt Ltd for its bank facilities totaling Rs. 161.51 crore. The rating agency communicated this decision on March 27, 2026, after reviewing the company's operational and financial performance for FY2025 (Audited) and 9MFY26 (Unaudited).

Credit Rating Details

The rating committee reaffirmed the existing ratings across both long term and short term bank facilities:

The long term facilities rating of IVR BBB/Stable indicates a moderate degree of safety regarding timely servicing of financial obligations, while the short term rating of IVR A3+ reflects moderate degree of safety for timely payment obligations.

Facility Structure and Banking Partners

The long term fund based facilities comprise term loans and cash credit arrangements distributed across multiple banking partners:

The short term fund based facility of Rs. 14.00 crore is provided by HDFC Bank under the working capital requirement category.

Rating Validity and Compliance Requirements

The ratings remain valid for one year from March 27, 2026, with formal surveillance typically conducted within 12 months. Infomerics has outlined several compliance requirements for AB Cotspin India Limited, including:

• Monthly submission of No Default Statement by the first date of succeeding month
• Quarterly performance results and operational data within 6 weeks of each calendar quarter
• Timely information sharing regarding any material developments affecting debt servicing capability
• Prior notification before availing new bank facilities or changes in existing facility terms

The company must inform the rating agency within seven days of any developments that may impact its debt servicing capability, including proposals for rescheduling or postponement of repayment programs with lenders or investors.

Company Information

AB Cotspin India Limited is incorporated under CIN L17111PB1997PLC020118 with its registered address at Bathinda Road, Jaitu, Faridkot, Punjab-151202. The company operates in the textile spinning sector and maintains its corporate website at www.abcotspin.co.in .

A B Cotspin India Limited has announced the successful completion of its postal ballot process conducted on March 01, 2026, under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed both NSE and BSE about the voting results through a formal communication dated March 03, 2026, signed by Company Secretary Rahul Kapasiya.

Postal Ballot Overview

The postal ballot was conducted exclusively through remote e-voting, with no physical postal ballot forms sent to shareholders. The e-voting period extended from January 31, 2026 (9:00 AM) to March 01, 2026 (5:00 PM), providing shareholders adequate time to participate in the voting process.

Resolution Details and Voting Results

The postal ballot focused on a single ordinary resolution seeking approval for material related party transactions with AB Cotton Textiles Private Limited. The resolution garnered overwhelming support from shareholders across all categories, achieving unanimous approval.

Voting Breakdown by Category

Scrutinizer's Report

CS Deepak Gupta, partner of DR Associates, Company Secretaries, served as the appointed scrutinizer for the postal ballot process. The scrutinizer's report confirmed the validity and transparency of the e-voting process conducted through the CDSL platform.

Key Findings from Scrutinizer's Report:

Compliance and Documentation

The company ensured full compliance with regulatory requirements by publishing advertisements in Financial Express (English) and Nawan Zamana (Punjabi) on January 31, 2026. The voting results and scrutinizer's report are available on the company's website at www.abcotspin.co.in and on CDSL's e-voting platform at www.evotingindia.com .

The postal ballot notice was dated January 27, 2026, and the company followed MCA circulars by conducting the process entirely through electronic mode without sending hard copies to shareholders. The scrutinizer completed the vote counting process on March 02, 2026, in the presence of independent witnesses who are not employees of the company.

The postal ballot results demonstrate strong shareholder confidence in the proposed material related party transactions, with unanimous approval across all voting categories and 74.76% overall participation rate.