Credit Rating- Revision

Gravita India Limited has announced that its material subsidiary, Rashtriya Metal Industries Limited, has received a credit rating upgrade. The upgrade was issued by Infomerics Valuation and Rating Ltd. While specific rating details were not provided, the revision signifies an improved assessment of the subsidiary's creditworthiness and financial health. This positive development could be beneficial for investors, indicating a stronger risk profile for a key part of Gravita's operations and potentially better access to financing.