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.

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.

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.

Acknit industries Limited has submitted its mandatory quarterly compliance certificate to stock exchanges, fulfilling regulatory requirements under SEBI depositories regulations for the quarter ended March 31, 2026.

Regulatory Compliance Filing

The company filed the certificate pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 on April 6, 2026. Company Secretary and Compliance Officer Sneha Gupta submitted the documentation to both BSE Limited and The Calcutta Stock Exchange Limited.

Certificate Confirmation

The compliance certificate was prepared by S.K. Infosolutions Pvt Ltd, the company's Registrar and Share Transfer Agent. Manager Dilip Bhattacharya signed the certificate on April 4, 2026, confirming compliance with dematerialization procedures.

Key Compliance Confirmations

The certificate confirms several critical regulatory requirements:

• Securities received from depository participants for dematerialization during Q4FY26 were properly confirmed to depositories
• All securities comprised in certificates have been listed on stock exchanges where previously issued securities are listed
• Security certificates received for dematerialization were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners within the mandated 15-day timeline

Registrar Details

S.K. Infosolutions Pvt Limited, a SEBI-approved registrar with NSDL and CDSL connectivity, operates from Kolkata. The company maintains its registered office at D/42 Katju Nagar, Ground Floor, Jadavpur, Kolkata, and provides comprehensive share transfer and registry services.

This quarterly filing demonstrates Acknit Industries' continued adherence to SEBI regulatory frameworks governing depositories and participant operations, ensuring proper maintenance of shareholder records and dematerialization processes.