Credit Rating

CRISIL Ratings has upgraded Ambika Cotton Mills' short-term bank facilities to 'CRISIL A1+' and reaffirmed its long-term bank facilities rating at 'CRISIL A+/Stable'. The upgrade reflects ACML's robust liquidity, with a net cash position of ~Rs 198 Cr (up from Rs 135 Cr), and a debt-free balance sheet.

The stable outlook emphasizes its established market position and strong financials.