Trident Texofab Limited has announced the withdrawal of its credit ratings for bank facilities previously assigned by CRISIL Ratings Limited. The company voluntarily requested this withdrawal as the sanctioned credit limits are now below the bank’s requirement for maintaining external credit ratings. CRISIL confirmed the withdrawal on September 1, 2026, following receipt of a ‘No Objection Certificate’ from Axis Bank Limited.
Credit Rating Withdrawal Announced
Trident Texofab Limited has officially confirmed the withdrawal of its external credit ratings for bank facilities, as provided by CRISIL Ratings Limited. This action was initiated by the company on a voluntary basis, stemming from the fact that the existing sanctioned credit limits for these facilities have fallen below the threshold set by the bank for requiring an external credit rating.
CRISIL Confirmation and Rationale
CRISIL Ratings Limited, in a communication dated September 1, 2026, has acknowledged and confirmed the withdrawal of the ratings. This withdrawal was executed upon the receipt of a ‘No Objection Certificate’ from Axis Bank Limited, aligning with CRISIL’s established policy for rating withdrawals. The disclosed facilities include a total of Rs.20 Crore in bank loan facilities, with the long-term rating previously being CRISIL B/Stable.
Source: BSE
