Atul Auto Limited has received reaffirmation of its credit ratings from CRISIL Ratings Limited, maintaining stable ratings across its bank facilities portfolio. The three-wheeler manufacturer informed stock exchanges about this development through a regulatory filing under the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.

Credit Rating Details

CRISIL Ratings Limited has reaffirmed both the short-term and long-term credit ratings for Atul Auto's bank facilities, reflecting continued confidence in the company's financial stability and creditworthiness.

Rating Significance

The reaffirmation of the CRISIL BBB+/Stable rating for long-term facilities indicates that CRISIL continues to view Atul Auto as having adequate degree of safety regarding timely servicing of financial obligations. The stable outlook suggests that the rating is unlikely to change in the near term. The CRISIL A2 rating for short-term facilities reflects strong degree of safety regarding timely payment of financial obligations.

Regulatory Compliance

The company has fulfilled its disclosure obligations by promptly informing both BSE Limited and National Stock Exchange of India Limited about the credit rating reaffirmation. This transparency in communication demonstrates Atul Auto's commitment to maintaining proper corporate governance standards and keeping stakeholders informed about material developments affecting the company's financial profile.

The reaffirmation of credit ratings by a reputed agency like CRISIL provides assurance to lenders, investors, and other stakeholders about the company's continued financial stability and ability to meet its debt obligations in a timely manner.

Atul Auto Limited has appointed M/s. BBM & Associates, Chartered Accountants as Internal Auditors for the financial year 2025-26, effective January 15, 2026. The appointment was approved by the Board of Directors following the recommendation of the Audit Committee, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The company has engaged M/s. BBM & Associates, Chartered Accountants (Firm Registration No. 131385W) to conduct the Internal Audit for the financial year 2025-26. The appointment demonstrates the company's commitment to maintaining robust internal audit processes and regulatory compliance.

About BBM & Associates

BBM & Associates is a proprietary Chartered Accountancy firm established in 2010 and headquartered in Jamnagar, Gujarat. The firm is led by its proprietor, CA. Bhavesh B. Mehta (FCA, DISA – ICAI), who brings extensive experience in corporate finance, audits, SAP-ERP environments, and banking assignments.

Areas of Expertise

The firm offers comprehensive professional services across multiple domains:

• Auditing and assurance services
• Taxation (direct and indirect)
• SAP-ERP consultancy
• Accounting and payroll services
• Company law and secretarial services
• Risk and internal audits
• Bank audits and project finance
• MSME services and system audits
• Overseas outsourcing (KPO) services

Client Portfolio and Experience

BBM & Associates has built a strong reputation serving reputed clients across diverse sectors including oil & gas, banking, co-operative banks, NGOs, trusts, and manufacturing. The firm has maintained long-standing assignments with Oil & Energy Companies, nationalised banks, and co-operative banks, demonstrating their expertise and reliability in handling complex audit requirements.

Regulatory Compliance

The appointment has been made in accordance with the provisions of Regulation 30 of the SEBI Listing Regulations, ensuring transparency and proper disclosure to stakeholders. The company has provided detailed information as per the master circular requirements, including the firm's profile, appointment terms, and relevant background information.