Nitin Fire Protection Industries Ltd

Nitin Fire Protection Settles All Loans 💰 | CRISIL Withdraws Ratings

- All loans with financial creditors have been fully settled.

- CRISIL Ratings has withdrawn all outstanding ratings on the company's bank loan facilities.

- Total value of withdrawn bank loan facilities: ₹450 crore.

- Withdrawal was confirmed by CRISIL via letter dated January 27, 2026.

- Ratings withdrawn include both long-term and short-term facilities (bank guarantees, cash credit, letters of credit).

- Key banks involved: IDBI Bank, Bank of Baroda, Dena Bank, and Axis Bank.