Asian Granito India Ltd. Rating Reaffirmed, Facilities Put on Watch

Asian Granito India Ltd.’s credit rating is reaffirmed, but both its long‑term and short‑term bank facilities remain under watch.

• Long‑term facilities of Rs 145 crore retain a BBB+ rating, while short‑term facilities of Rs 10 crore hold an A2 rating, indicating moderate borrowing costs as long as the watch flag stays unchanged.
• The combined rated facilities total Rs 155 crore, sufficient to meet day‑to‑day working‑capital needs and planned expansion projects.
• The rating is valid through 29 May 2026; surveillance will be annual, with extra checks if macro‑economic slowdown, raw‑material price swings, or operational setbacks arise.
• The company must continue monthly No‑Default Statements and submit quarterly performance data within six weeks of each quarter‑end to meet SEBI Regulation 30 requirements.
• The outlook is “moderately positive” with a score of 6 / 10, reflecting a stable credit profile but ongoing monitoring of market conditions.