BSECompany Update29 Sept 2026 · 29 Sept 2026, 04:28 pm
As annexed.
Deepak Spinners Ltd-$ · 514030
✦ AI SummaryRating Change
Deepak Spinners Ltd has announced that ICRA Limited has assigned credit ratings to the company's instruments, including long-term and short-term fund-based and non-fund-based facilities.
Analysis Scores
Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment6/10
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Full Announcement
Deepak Spinners Ltd-$ - 514030 - Announcement under Regulation 30 (LODR)-Credit Rating
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REF.NO/DSL/PA/2026 Dated 29.09.2026
BSE Limited,
P. J. Towers, 25th Floor,
Dalal Street,
Mumbai – 400 001 SCRIP CODE – 514030
Subject: Intimation of Credit Ratings
Sirs,
Under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform
that M/s. ICRA Limited has assigned the ratings to the following instruments of the Company. Copy of the letter
dated 29th September 2026 is also annexed herewith:–
Instrument Rated Rating Action[1] Financial Rating assigned on
Amount Sector
(Rs. crore) Regulator#
Long-term - Fund Based – [ICRA]A- (Stable); reaffirmation 22.07.2026
60.00 RBI
Cash Credit with change in outlook to stable
Short term - Fund Based – 22.07.2026
Export Packing Credit (15.04) RBI
(Interchangeable)^
Short-term - Fund Based – 22.07.2026
Bill Discounting (15.04) [ ICRA]A2+; Reaffirm RBI
(Interchangeable)^
Short-term - Non-Fund 22.07.2026
Based – Credit Exposure 1.00 RBI
Limit
Long-term - Non-Fund [ICRA]A- (Stable); reaffirmation 22.07.2026
2.00 RBI
Based – Bank Guarantee with change in outlook to stable
[ICRA]A- (Stable) / [ICRA]A2+; 22.07.2026
Long-term/ Short-term -
16.10 reaffirmation with change in RBI
Unallocated limit
outlook to stable
Total 79.10
#SEBI’s grievance redressal/dispute resolution and SEBI investor protection mechanisms such as SCORES and ODR shall
not be available for activities and instruments which fall under the regulatory purview of Financial Sector Regulators
other than SEBI.
FOR DEEPAK SPINNERS LIMITED
(PUNEETA ARORA)
COMPANY SECRETARY Encl : a/a
ICRA/Deepak Spinners Limited/29092026/1
Date: September 29, 2026
Mr. Yashwant Kumar Daga
Managing Director
Deepak Spinners Limited
16, Hare Street
Kolkata - 700 001
Dear Sir,
Re: ICRA’s Credit Rating for below mentioned Instruments of Deepak Spinners Limited
As per the Rating Agreement/Statement of Work executed with ICRA Limited, ICRA’s Rating Committee has taken the following rating
actions for the mentioned instruments of your company.
Rated Amount Financial Sector
Instrument Rating Action1
(Rs. crore) Regulator#
[ICRA]A- (Stable); reaffirmed with change
Long-term - Fund Based – Cash Credit 60.00 RBI
in outlook to Stable from Negative
Short term - Fund Based – Export
(15.04) [ICRA]A2+; Reaffirmed RBI
Packing Credit (Interchangeable)^
Short term - Fund Based – Bill
(15.04) [ICRA]A2+; Reaffirmed RBI
Discounting (Interchangeable)^
Short term - Non-Fund Based – Credit
1.00 [ICRA]A2+; Reaffirmed RBI
Exposure Limit
Long-term - Non-Fund Based – Bank [ICRA]A- (Stable); reaffirmed with change
2.00 RBI
Guarantee in outlook to Stable from Negative
[ICRA]A- (Stable) / [ICRA]A2+; reaffirmed
Long-term/ Short-term - Unallocated
16.10 with change in outlook to Stable from RBI
limit
Negative
Total 79.10
#SEBI’s grievance redressal/dispute resolution and SEBI investor protection mechanisms such as SCORES and ODR shall not be available for activities and
instruments which fall under the regulatory purview of Financial Sector Regulators other than SEBI.
The aforesaid rating(s) will become due for surveillance within one year from the date of rating communication letter. However, ICRA
reserves the right to review and/or, revise the above rating(s) at any time based on new information becoming available, or the
required information not being available, or other circumstances that ICRA believes could have an impact on the rating(s). Therefore,
request the lenders and investors to visit ICRA website at www.icra.in for latest rating(s) of the company.
The rating(s) are specific to the terms and conditions of the instruments as indicated to us by you, and any change in the terms or
size of the same would require a review of the rating(s) by us. In case there is any change in the terms and conditions or the size of
the rated instrument, the same must be brought to our notice before the instrument is used by you. In the event such changes occur
after the rating(s) have been assigned by us and their use has been confirmed by you, the rating(s) would be subject to our review,
following which there could be a change in the rating(s) previously assigned. Notwithstanding the foregoing, any change in the over-
all limit of the instrument from that specified in this letter, would constitute an enhancement that would not be covered by or under
the said Rating Agreement.
The rating(s) assigned must be understood solely as an opinion and should not be treated, or cause to be treated, as recommendation
to buy, sell, or hold the rated instrument availed/issued by your company.
You are also requested to forthwith inform us about any default or delay in repayment of interest or principal amount of the
instrument rated, as above, or any other debt instruments/ borrowing and keep us informed of any other developments which may
have a direct or indirect impact on the debt servicing capability of the company including any proposal for re-schedulement or
postponement of the repayment programmes of the dues/ debts of the company with any lender(s) / investor(s), or occurrence of
any significant development that could impact the ability of the company to raise funds such as restriction imposed by any authority
1 Complete definitions of the ratings assigned are available at www.icra.in.
ICRA Limited
Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel. +91-11-23357940-41
Building No. 8, 2nd floor, Tower A, DLF Cyber City, Phase II, Gurugram-122002
www.icra.in info@icraindia.com +91-93547-38909
+0124-4545300 CIN: L74999DL1991PLC042749
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from raising funds through issuance of debt securities through electronic bidding system. Further, you are requested to inform us
immediately as and when the borrowing limit for the instrument rated, as above, or as prescribed by the regulatory authority(ies) is
exceeded.
We look forward to your communication and assure you of our best services.
With kind regards,
Yours sincerely,
For ICRA Limited
Sujoy Saha
Vice President
sujoy.saha@icraindia.com
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Annexure
Details of Bank Limits Instrument Name Amount Rating Rating Assigned On
Rated by ICRA (Rs. crore)
State Bank of India Bank Guarantee 2.00 [ICRA]A-(Stable) September 22, 2026
State Bank of India Cash Credit 60.00 [ICRA]A-(Stable) September 22, 2026
State Bank of India Export Bill Discounting Facility (15.04) [ICRA]A2+ September 22, 2026
State Bank of India Export Packaging Credit (15.04) [ICRA]A2+ September 22, 2026
State Bank of India Non Fund-Based Facilities 1.00 [ICRA]A2+ September 22, 2026
Not Applicable Unallocated Limits 16.10 [ICRA]A- September 22, 2026
(Stable)/[ICRA]A2+
Total 79.10
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