NSECredit Rating3d ago · 27 Aug 2026, 11:24 am
Credit Rating
Kitex Garments Limited · KITEX
✦ AI Summary▼ NegativeRating Change
Kitex Garments Limited has informed the Exchange about a credit rating downgrade by India Ratings and Research Private Limited for its bank facilities.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk6/10
Liquidity Impact4/10
Market Sentiment2/10
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Full Announcement
Kitex Garments Limited has informed the Exchange about Credit Rating
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KITEX_27082026112419_Intimation_of_credit_rating_27082026s.pdf
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Kitex Garments Limited
(CIN: L18101KL1992PLC006528)
Regd Office: Building No. VI/496, Kizhakkambalam,
Vilangu P.O, Aluva, Ernakulam – 683561, Kerala
Phone: 91 484 2585000, Fax: 91 484 2680604
Email: sect@kitexgarments.com
Website: www.kitexgarments.com
Ref: KGL/SE/2026-27/AUG/05
August 27, 2026
BSE Limited National Stock Exchange of India Ltd
1st Floor, New Trading Ring, Exchange Plaza, 5th Floor,
Rotunda Building, P J Towers, Plot No.C/1, G Block,
Dalal Street, Fort Mumbai, Bandra - Kurla Complex, Bandra (E),
Maharashtra – 400 001 Mumbai, Maharashtra – 400 051.
Scrip Code : 521248 Scrip Symbol : KITEX
Dear Sir/ Madam,
Sub :- Intimation of Credit Ratings
Ref :- Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, please be informed that, India Ratings and Research Private Limited vide its press release
dated August 25, 2026 has downgraded the credit ratings on bank facilities of the Company as
under:
Sl Particulars Amount (₹ Rating Rating Action
No million)
1 Bank loan facilities 3,479.80 IND BBB+/Negative/IND Downgraded
Kindly take the above information on records.
Thanking you,
Yours sincerely,
For Kitex Garments Limited
Dayana Joseph
Company Secretary & Compliance Officer