BSECompany Update2 Sept 2026 · 2 Sept 2026, 10:39 am
The Company voluntarily requested withdrawal of its credit ratings from CRISIL Ratings Limited for the bank facilities availed from Axis Bank Limited, as the sanctioned credit limits are ....
Trident Texofab Ltd · 540726
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Trident Texofab Ltd voluntarily requested withdrawal of its credit ratings from CRISIL Ratings Limited for the bank facilities availed from Axis Bank Limited, as the sanctioned credit limits are below the Bank's requirement for maintaining an external credit rating.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk3/10
Liquidity Impact6/10
Market Sentiment5/10
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Full Announcement
Trident Texofab Ltd - 540726 - Announcement under Regulation 30 (LODR)-Credit Rating
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CIN No. : Ll7120GJ2008PLC054976
TFIIDENT
GST No. : 24AADCT0381R1ZZ
24AADCT()381R2ZY
T E )(O tr\a
TRIDENT TEXOFAB L!MITED
Date: O2.09.2O26
BSE Limited Stock ID: TTFL
P. f. Towers, Scrip Code: 540726
Dalal Street, Fort, ISIN: INEO71Y01O13
Mumbai - 400001.
Dear Sir/Ma'am,
Sub Intimation r sardins withdrawal of credit ratins under Resulation 30 of SEBI
flistins Oblisations and Disclosure Requirementsl Reeulations. 201 5
The Company voluntarily requested wrthdrawal of its credit ratings from CRISIL Ratings
[,imited for the bank facilities availed from Axis Bank Limited, as the sanctioned credit
limits are below the Bank's requirement for maintaining an external credit rating.
CRISIL Ratings [,imited, vide its letter dated September 01-, 2026, confirmed the
withdrawal of the credit ratings assigned to the Company's bank facilities. The
withdrawal was effected upon receipt of the 'No Objection Certificate' from Axis Bank
Limited, in line with CRISIL's policy on credit rating withdrawal.
A copy of the rating withdrawal letter received from CRISIL Ratings Limited is enclosed
herewith for your reference.
This disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and
Disclosure RequirementsJ Regulations, 2015.
You are requested to kindly take the note ofabove on records,
'f hanking You,
Yours Iraithfully
FOR TRIDENT TEXOFAB LIMITED
RAHUL JARIWALA
COMPANY SECRETARY & COMPLIANCE OFFICER
M NO. 470164
Regd. Office : 2004,2nd Floor, North Extention, Falsawadi, Ring Road, Surat-395 003. Gujarat (lNDlA)
Phone: +91-261-2451274,2451284 Email : info@tridenttexofab.com, account@tridenttexofab.com
Website : www.tridenttexofab.com
CONFIDENTIAL
RL/TRTABL/404226/BLR/0926/157926
September 01, 2026
Mr. Jenish Jariwala
Chief Financial Officer
Trident Texofab Limited
2nd Floor, North Extension, Falsawadi,
Begumpura, Nodh-4-1650,
Sahara Darwaja
Surat - 395003
8469887511
Dear Mr. Jenish Jariwala,
Re: Withdrawal of Crisil Ratings on the bank facilities of Trident Texofab Limited
All ratings assigned by Crisil Ratings are kept under continuous surveillance and review.
This is in relation to your letter dated August 19, 2026 requesting Crisil Ratings to withdraw its outstanding rating on the
captioned bank loan facilities.
Crisil Ratings products / activities or ratings of instruments other than securities that are listed or proposed to be listed may
fall under the purview of financial sector regulators (FSRs) other than SEBI. In respect of such products / activities or
ratings (under the purview of other FSRs such as Reserve Bank of India (RBI), Ministry of Corporate Affairs (MCA),
Insurance Regulatory and Development Authority of India (IRDAI), among others), the grievance / dispute redressal and
investor protection mechanisms available under SEBI regulations shall not be applicable.
A list of products/activities or ratings of instruments falling under the purview of various FSRs along with the names of
respective FSRs has been duly disclosed by Crisil Ratings on its website.
A link to the same has been provided below for ready reference:
https://www.crisilratings.com/en/home/our-business/ratings/regulatory-disclosures/list-of-activities-instruments-and-
names-of-regulators.html
Crisil Ratings has, after due consideration, withdrawn the ratings assigned to the captioned bank loan facility. The details
of these facilities are given below.
Total Bank Loan Facilities Rated Rs.20 Crore
Long Term Rating Crisil B/Stable (Rating Reaffirmed and Withdrawn)
(Bank-wise details as per Annexure 1)
Should you require any clarification, please feel free to get in touch with us.
With warm regards,
Yours sincerely,
Nilesh Agarwal Nivedita Shibu
Director - Crisil Ratings Director - Crisil Ratings
Disclaimer: A rating by Crisil Ratings reflects Crisil Ratings’ current opinion on the likelihood of timely payment of the obligations under the rated instrument, and does
not constitute an audit of the rated entity by Crisil Ratings. Our ratings are based on information provided by the issuer or obtained by Crisil Ratings from sources it
considers reliable. Crisil Ratings does not guarantee the completeness or accuracy of the information on which the rating is based. A rating by Crisil Ratings is not a
recommendation to buy / sell or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. Crisil Ratings has a practice of
keeping all its ratings under surveillance and ratings are revised as and when circumstances so warrant. Crisil Ratings is not responsible for any errors and especially
states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of its ratings. Crisil Ratings’ criteria are available without charge to
the public on the web site, www.crisilratings.com. Crisil Ratings or its associates may have other commercial transactions with the company/entity. For the latest rating
information on any instrument of any company rated by Crisil Ratings, please visit www.crisilratings.com or contact Customer Service Helpdesk at
Crisilratingdesk@crisil.com or at 1800-267-3850
Annexure 1 - Bank-wise details of various facility classes (outstanding facilities)
Amount (Rs.
S.No. Bank Facility Bank Outstanding Rating
in Crore)
1 Cash Credit Axis Bank Limited 13.25 Withdrawn
2 Long Term Loan Axis Bank Limited 3.25 Withdrawn
Proposed Fund-Based Bank
3 -- 0.44 Withdrawn
Limits
4 Working Capital Term Loan Axis Bank Limited 3.06 Withdrawn
Total 20
Annexure: List of instruments and names of regulators of the instruments
As required by SEBI CRA Circular dated Feb 10, 2026, a list of activities or instruments falling under the purview of various FSRs, along with the names of
respective FSRs, is being disclosed below:
A. Rating activities
Sr. No. Instrument / activity Name Regulator of the instruments
1 Listed/Proposed to be listed bonds/debentures/preference share (all securities) SEBI
2 Unlisted/Proposed to be unlisted Bonds/Debentures/ Preference share (all securities) MCA
3 Listed PTCs / Securitisation Notes (originated by entities regulated by RBI)* $. RBI
4 Listed PTCs / Securitisation Notes (originated by entities not regulated by RBI)* SEBI
5 Unlisted PTCs / Securitisation Notes (originated by entities regulated by RBI)* RBI
6 Listed Commercial Paper and NCDs with original maturity less than 1 year RBI
7 Unlisted Commercial Paper and NCDs with original maturity less than 1 year RBI
8 Loan Facilities (Fund/Non-Fund Based) from Bank/NBFCs/NHB/FIs ^ RBI
9 External Commercial Borrowings and other similar borrowings RBI
10 Certificates of Deposit RBI
11a Fixed Deposits raised by NBFCs,HFCs, FIs RBI
11b Fixed Deposits raised by Banks +
12 Fixed Deposits raised by corporates other than NBFCs, Banks, HFCs, FIs MCA
13 Inter Corporate Deposits/Loans extended by Corporates MCA
14 Borrowing programme ~ -
15 Issuer Ratings # -
16 Credit Ratings for Capital Protection Oriented Schemes (by Mutal Funds and AIFs) SEBI
17 Credit quality ratings (CQRs) for Mutual Fund Schemes and Schemes of AIFs SEBI
18 Listed Security Receipts $. RBI
19 Unlisted Security Receipts RBI
20 Independent Credit Evaluation (ICE) RBI
21 Expected Loss Ratings (for Loan Facilities (Fund/Non-Fund Based) from Bank/NBFCs/NHB/Fis) +
22 Expected Loss Ratings (Listed/Proposed to be listed bonds/debentures/preference share (all SEBI
securities))
23 Expected Loss Ratings (Unlisted/Proposed to be unlisted Bonds/Debentures/ Preference share (all MCA
securities))
24 Unlisted PTCs / Securitisation Notes (originated by entities not regulated by RBI) * Investor-side regulator such
as IRDAI, PFRDA @
* Includes securitisation transactions involving assignee payout, acquirer's payout.
~ The rated instrument may involve issuance of different instruments such as debt securities (listed or otherwise), bank loans, commercial paper (listed or
otherwise), etc. The regulator of the instrument may accordingly be SEBI, RBI or MCA and can only be determined
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