Indian Acrylics Ltd (INDIANACRY) — Announcement | 28 September 2026

28 September 2026 · BSE 🔴 High Importance Neutral

By StockFin Research Team•AI-Assisted Analysis•Source: BSE/NSE Filings

📢 Key Event

Brickwork Ratings upgraded Indian Acrylics' long-term rating to BB-/Stable and short-term to A4/Upgraded for ₹99 crore facilities.

🔄 What Changed

Long-term rating upgraded from BWR D to BB-/Stable; short-term rating upgraded from BWR D to A4/Upgraded.

🔮 What's Next

BWR requires sustained improvement in revenue and profitability to achieve stable profitability; no specific deadlines provided.

💡 Investor Takeaway

Shareholders gain improved creditworthiness but must monitor execution of recovery plans to justify the upgrade.

Indian Acrylics Ltd received a credit rating upgrade from Brickwork Ratings on September 28, 2026, elevating its long-term facility rating to BWR BB-/Stable and short-term to BWR A4/Upgraded for a total credit facility of ₹99 crores. The upgrade reflects repayment of a Rs 50 crore term loan and improved operating performance, though the company still reports net losses and weak financials. The rating rationale cites reduced interest burden and better liquidity, but sustained profitability is required for stable recovery.

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About Indian Acrylics Ltd (INDIANACRY)

Textiles · Textiles · Listed on BSE

Market Cap: ₹78.08 CrROE: 170.1%ROCE: -2.0%

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"How will the upgraded rating impact Indian Acrylics' ability to secure future financing?""What specific milestones will the company achieve to meet BWR's stability requirements?""How does the ₹99 crore debt level compare to peers in the acrylic fibre industry?"

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📊 More INDIANACRY filings

🔴 Announcement — 30 September 2026Indian Acrylics Ltd received an upgrade from Brickwork Ratings on its Rs.99 crore credit facilities,...
🟡 Board Meeting — 29 September 2026Indian Acrylics held its 39th AGM on September 29, 2026, approving financial statements, reappointin...
🟡 Board Meeting — 29 September 2026Indian Acrylics announced that shareholders re-elected Rajinder Kumar Garg as Managing Director for ...
Announcement — 23 September 2026Indian Acrylics Ltd announced that its trading window will close on October 1, 2026, covering 48 hou...
🔴 Annual Report — 2 September 2026Indian Acrylics Limited reported a consolidated net loss of ₹2,408.51 lakhs for FY2025-26, down from...

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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