Aether Industries Limited has received reaffirmed credit ratings from ICRA Limited. The long-term credit rating remains at ICRA A+ with a Stable outlook, while the short-term credit rating is reaffirmed at ICRA A1. These ratings apply to an exposure amount of Rs. 296.00 crore. The rating actions were based on the company’s FY2026 financial results announced on May 15, 2026.
ICRA Reaffirms Credit Ratings for Aether Industries
Aether Industries Limited has been notified of its reaffirmed credit ratings by ICRA Limited. This announcement, made on May 26, 2026, confirms the company’s strong financial standing and creditworthiness. The rating actions are a result of the periodic monitoring process by ICRA, based on the company’s financial performance for FY2026, with results announced on May 15, 2026.
Key Rating Details
The credit ratings are assigned for an aggregate exposure amount of Rs. 296.00 crore. The details of the ratings are as follows:
- Long-term credit rating: Reaffirmed at ICRA A+ (Stable). The outlook has been revised to Stable from Positive, indicating sustained performance and a stable future outlook.
- Short-term credit rating: Reaffirmed at ICRA A1. This signifies strong short-term credit quality.
Bank Limit Ratings
The annexure to the rating notification provides a breakdown of bank limits rated by ICRA. For long-term scale, the following limits have been rated:
- ICICI Bank (Cash Credit Limits): Rs. 200.00 crore, rated [ICRA]A+ (Stable), assigned on May 22, 2026.
- HDFC Bank Limited (Cash Credit Limits): Rs. 46.00 crore, rated [ICRA]A+ (Stable), assigned on May 22, 2026.
- Axis bank Limited (Cash Credit Limits): Rs. 50.00 crore, rated [ICRA]A+ (Stable), assigned on May 22, 2026.
Similarly, for the short-term scale, the following limits have been rated:
- ICICI Bank (Interchangeable Limits): (Rs. 200.00 crore), rated [ICRA]A1, assigned on May 22, 2026.
- HDFC Bank Limited (Interchangeable Limits): (Rs. 46.00 crore), rated [ICRA]A1, assigned on May 22, 2026.
- Axis bank Limited (Interchangeable Limits): (Rs. 50.00 crore), rated [ICRA]A1, assigned on May 22, 2026.
The total rated amount for both long-term and short-term scales sums up to Rs. 296.00 crore. Aether Industries Limited will present this information to the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Source: BSE
