Acknit Industries board to meet on May 27 to consider FY26 results

acknit industries has announced that its Board of Directors will meet on Wednesday, May 27, 2026. The meeting has been convened to discuss and approve the audited financial results of the company for the quarter and year ended March 31, 2026.

Agenda for the Meeting

The primary agenda items for the upcoming board meeting include:

To consider and approve the Audited Financial Results of the Company for the quarter and year ended 31st March, 2026.
To consider and recommend dividend, if any, on the equity shares of the Company for the Financial Year ended 31st March, 2026.

Trading Window Closure

In accordance with the Company's "Insider Trading Prohibition Code" under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the securities of the company remains closed. The window was initially closed effective March 31, 2026, and will continue to remain closed until 48 hours after the declaration of the financial results.

The meeting notice was intimated to the stock exchanges on May 19, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.77%	-4.99%	-6.10%	+1.15%	+15.50%	+120.20%

ACKNIT Industries Limited has announced the reaffirmation of its credit ratings by ICRA Limited, maintaining its financial credibility in the market. The company disclosed this development in compliance with regulatory requirements, providing transparency to stakeholders about its creditworthiness.

Credit Rating Details

ICRA has reaffirmed the company's long-term rating at [ICRA]BBB (Stable) and short-term rating at [ICRA]A3+. The outlook on the long-term rating remains stable, indicating consistent financial performance expectations. The rating covers banking facilities with a total value of Rs. 93.22 crore.

Rating Type	Rating	Outlook
Long-term	[ICRA]BBB (Stable)	Stable
Short-term	[ICRA]A3+	-
Total Facilities	Rs. 93.22 crore	-

Banking Facilities Breakdown

The rated banking facilities encompass various financial instruments across fund-based and non-fund based categories. The largest component comprises working capital facilities, followed by term loans and trade finance instruments.

Instrument Type	Amount (Rs. crore)	Rating Action
Long-term Fund-based Working Capital	70.00	[ICRA]BBB (Stable), reaffirmed
Long-term Fund-based Term Loan	15.18	[ICRA]BBB (Stable), reaffirmed/assigned
Short-term Non-Fund based Working Capital	6.02	[ICRA]A3+, reaffirmed
Long-term/Short-term Non-Fund based	2.00	[ICRA]BBB (Stable)/[ICRA]A3+, reaffirmed
Unallocated Limits	0.02	[ICRA]BBB (Stable)/[ICRA]A3+, reaffirmed

Banking Partner and Facility Structure

State Bank of India serves as the primary banking partner for ACKNIT Industries' rated facilities. The fund-based facilities include cash credit, working capital loans, export packing credit, and term loans totaling Rs. 85.18 crore. The non-fund based facilities comprise letters of credit worth Rs. 4.50 crore and forward contract limits of Rs. 1.52 crore.

The bank has provided flexibility through a one-way interchangeable facility of Rs. 5.00 crore from fund-based working capital to letter of credit. Additionally, bank guarantees worth Rs. 2.00 crore carry dual ratings for both long-term and short-term categories.

Regulatory Compliance and Timeline

The rating communication was issued on April 15, 2026, with the actual rating assignment completed on April 10, 2026. The company fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring timely information sharing with stock exchanges.

ICRA has indicated that the ratings will become due for surveillance within one year from the rating communication date. The rating agency reserves the right to review and revise the ratings based on new information or changing circumstances that could impact the company's creditworthiness.