Lumax Industries Ltd

📈 Lumax Industries Ltd. Receives Credit Rating Upgrades from ICRA

• Long-term credit rating upgraded from ICRA A+ to ICRA AA- with a stable outlook.

• Short-term credit rating upgraded from ICRA A1 to ICRA A1+.

• Total rated facilities amount to ₹1,502.93 crore.

• Long-term fund-based cash credit upgraded to ICRA AA- (stable) for ₹570 crore.

• Unallocated limits of ₹250 crore upgraded to ICRA AA- (stable).

• Long-term term loan of ₹247.63 crore upgraded to ICRA AA- (stable).

• Short-term fund-based cash credit of ₹155 crore upgraded to ICRA A1+.

• Short-term non-fund-based facilities of ₹280.30 crore upgraded to ICRA A1+.

• Ratings assigned by ICRA Limited on April 27, 2026.