Polyspin Exports Limited has announced that CARE Ratings Limited has reaffirmed the credit ratings for its bank facilities. The rating agency conducted the review based on recent developments including the company's operational and financial performance for FY25 (Audited) and 9MFY26 (Unaudited).

Credit Rating Details

CARE Ratings has maintained stable ratings while significantly enhancing the facility amounts. The rating reaffirmation demonstrates the agency's confidence in the company's creditworthiness and financial stability.

Facility Enhancement

The total bank facilities have been substantially enhanced to ₹136.57 crores from the previous amount. Long term bank facilities saw an increase of ₹10.85 crores, rising from ₹13.50 crores to ₹24.35 crores. Short term bank facilities were enhanced by ₹13.22 crores, increasing from ₹99.00 crores to ₹112.22 crores.

Rating Significance

The CARE BB+ rating with Stable outlook for long term facilities indicates adequate safety regarding timely servicing of financial obligations. The CARE A4+ rating for short term facilities reflects adequate safety for timely payment of short term debt obligations. The reaffirmation of these ratings suggests maintained credit quality despite the enhanced facility amounts.

Regulatory Compliance

The company has disclosed this rating reaffirmation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made to BSE Limited on April 02, 2026, ensuring compliance with regulatory requirements for listed companies regarding material information sharing with stakeholders.

Polyspin exports Limited has announced a key senior management appointment, bringing experienced leadership to strengthen its marketing operations. The company's Board of Directors approved the appointment of Mr. S. Pasupathy as President – Marketing & Advisor on March 10, 2026, effective from March 16, 2026.

Board Approval and Regulatory Compliance

The appointment was formalized through a Circular Resolution passed by the Board of Directors on March 10, 2026, at 2.00 P.M (IST). The decision was made based on the recommendation of the Nomination and Remuneration Committee, ensuring proper governance protocols were followed.

The appointment has been disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in compliance with regulatory requirements for changes in senior management personnel.

Professional Background and Experience

Mr. S. Pasupathy brings substantial industry experience to his new role at Polyspin Exports Limited. He holds a Bachelor's Degree in Commerce and has built his career over 33 years of extensive experience in the packaging industry.

Key Achievements and Expertise

Throughout his career at Karur KCP Packagings Limited, Mr. Pasupathy has demonstrated strong leadership capabilities across multiple areas:

• Handling various projects across different business verticals
• Leading several marketing initiatives to drive business growth
• Implementing numerous developmental measures to enhance operational efficiency
• Managing commercial operations with proven track record

His extensive experience in the packaging industry aligns well with Polyspin Exports Limited's business operations as a 100% Export Oriented Unit (EOU) specializing in packaging solutions.

Strategic Importance

The appointment of Mr. Pasupathy as President – Marketing & Advisor reflects the company's focus on strengthening its marketing capabilities and leveraging experienced leadership to drive growth initiatives. His classification as Senior Management Personnel underscores the strategic importance of this role within the organization's leadership structure.

The company has confirmed that there are no relationships between directors that require disclosure under regulatory requirements, maintaining transparency in corporate governance practices.