AYM Syntex Limited Receives Credit Rating Reaffirmation from CARE Ratings

AYM Syntex Limited has received reaffirmation of its credit ratings from CARE Ratings Limited, the company announced in a regulatory filing. The rating action covers both long-term and short-term bank facilities totaling ₹563.40 crore.

Credit Rating Details

CARE Ratings Limited has maintained its assessment of the company's creditworthiness across different facility categories. The rating reaffirmation demonstrates the rating agency's continued confidence in AYM Syntex's financial profile and repayment capabilities.

Facilities/Instruments	Amount (₹ crore)	Rating	Rating Action
Long-term bank facilities	178.40	CARE A; Stable	Reaffirmed
Short-term bank facilities	385.00	CARE A1	Reaffirmed

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The announcement also references the SEBI Master Circular dated January 30, 2026, with reference number HO/49/14/14(7)2025-CFD-POD2/I/3762/2026.

Rating Significance

The CARE A; Stable rating for long-term facilities indicates adequate degree of safety regarding timely servicing of financial obligations, with the stable outlook suggesting no immediate rating changes are anticipated. The CARE A1 rating for short-term facilities reflects strong degree of safety regarding timely payment of financial obligations.

Company Secretary Kaushal Patvi signed the regulatory filing on March 26, 2026. The complete information regarding the credit rating reaffirmation is available on the company's official website at www.aymsyntex.com .

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.97%	-2.33%	-9.80%	-8.14%	-15.62%	+272.92%

AYM Syntex Limited has submitted its quarterly compliance report to BSE and NSE, confirming complete utilization of funds raised through preferential issue without any deviations for the quarter ended December 31, 2025. The textile company filed the mandatory statement under Regulation 32 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Fund Raising Details

The company had raised Rs. 141.76 crore through preferential issue of equity shares on October 29, 2024. CARE Ratings Limited serves as the monitoring agency for the fund utilization, ensuring compliance with the stated objectives and regulatory requirements.

Parameter	Details
Mode of Fund Raising	Preferential issue of Equity Shares
Date of Raising Funds	October 29, 2024
Amount Raised	Rs. 141.76 crore
Monitoring Agency	CARE Ratings Limited
Deviation Status	No

Fund Utilization Breakdown

The company has fully utilized the raised funds across four designated categories as originally planned. The complete deployment of funds demonstrates effective capital allocation and adherence to the stated objectives outlined during the fund raising process.

Purpose	Original Allocation (Rs. Crore)	Funds Utilized (Rs. Crore)	Deviation
Repayment of Debt	24.00	24.00	-
Working Capital Reduction	25.00	25.00	-
General Corporate Purposes	33.76	33.76	-
Capital Expenditure	59.00	59.00	-
Total	141.76	141.76	-

Regulatory Compliance

The statement was duly reviewed by the company's Audit Committee at its meeting held on February 13, 2026. Both the Audit Committee and auditors provided no adverse comments on the fund utilization, indicating proper deployment of the raised capital.

Key compliance highlights include:

No deviation in objects or purposes for fund utilization
Complete utilization of allocated amounts as originally disclosed
No changes in terms of contracts from the fund raising document
Timely filing of quarterly compliance report

Corporate Governance

The filing was signed by Company Secretary and Compliance Officer Kaushal Patvi and Chief Financial Officer Abhishek Patwa, demonstrating proper corporate governance practices. The company's adherence to regulatory timelines and complete fund deployment reflects strong financial discipline and management execution capabilities.