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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Zodiac Clothing Company Ltd

Zodiac Clothing — CRISIL assigns BB/Stable rating to Rs. 53 Crore bank facilities

RATING ● No Immediate Change MEDIUM RISK
📅 Filed on BSE: 10 Apr 2026, 04:22 PM IST  ·  BSE ID: fae2292f-1e23-4207-899d-673f844075cb
View Original BSE Filing (PDF)
💡
In Simple Terms
Zodiac Clothing received a credit rating from CRISIL confirming it can repay Rs. 53 Crore in bank loans on time.
🤖 AI Summary
  • CRISIL assigned BB/Stable rating to Zodiac Clothing's total bank loan facilities of Rs. 53 Crore
  • Rating covers fund-based facilities from RBL Bank, HDFC Bank, ICICI Bank, and Bank of Maharashtra
  • RBL Bank exposure largest at Rs. 20 Crore; HDFC Bank at Rs. 15 Crore; ICICI at Rs. 10 Crore
  • Rating letter dated April 2, 2026; valid until March 31, 2027; subject to continuous surveillance
🔢 Key Numbers - exact figures from BSE filing, not rounded
Total Bank Loan Facilities Rated
Rs. 53 Crore
Long Term Rating
CRISIL BB/Stable
RBL Bank Fund-Based Facility
Rs. 20 Crore
HDFC Bank Fund-Based Facility
Rs. 15 Crore
ICICI Bank Fund-Based Facility
Rs. 10 Crore
Bank of Maharashtra Fund-Based Facility
Rs. 5 Crore
Proposed Fund-Based Bank Limits
Rs. 3 Crore
Rating Validity Period
April 2, 2026 to March 31, 2027
🏢 How This Affects the Company
💰
Financial Impact
Credit rating of BB/Stable on Rs. 53 Crore in bank facilities signals CRISIL's assessment of repayment capacity. This rating framework affects refinancing terms and availability of credit.
⚠️
Risk Impact
BB/Stable rating indicates moderate credit risk with stable outlook. Rating subject to withdrawal or revision based on new information or changed circumstances per CRISIL's discretionary policy.
👥 What This Means For Shareholders
✅
Action Required
No action required. This is a credit rating disclosure with no dividend, capital call, or voting implication.
👤
Who Is Affected
All equity shareholders are indirectly affected. A maintained or improved credit rating supports lower borrowing costs and financial flexibility; a downgrade would increase refinancing stress and reduce capital availability.
🔍
Management Signal
Management has secured third-party credit validation for existing bank facilities, indicating confidence in debt servicing capability under current business conditions.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Rating renewal filing — watch for CRISIL's March 2027 renewal letter or any rating revision before expiry
FY27 financial results — track operating performance and cash flow to confirm BB rating sustainability
Q4 FY27 results filing — assess debt servicing metrics and leverage ratios against CRISIL rating assumptions
MEDIUM RISK BB/Stable rating reflects moderate credit risk. Rating withdrawal or downgrade prior to March 2027 renewal would materially impact refinancing capacity.
💡 Investor Takeaway
CRISIL has rated Zodiac Clothing's Rs. 53 Crore bank facilities as BB/Stable, reflecting moderate credit risk. The rating covers borrowings from RBL Bank (Rs. 20 Crore), HDFC Bank (Rs. 15 Crore), ICICI Bank (Rs. 10 Crore), and Bank of Maharashtra (Rs. 5 Crore). Rating valid until March 31, 2027, then requires renewal.
⚖️ Strengths & Concerns

✅ Positives

  • Credit rating from CRISIL confirms access to Rs. 53 Crore in bank facilities across four major lenders
  • Stable outlook attached to BB rating indicates CRISIL views financial position as not deteriorating near-term

⚠️ Concerns

  • BB rating sits in lower-medium credit grade, indicating elevated credit risk relative to investment-grade thresholds
  • Rating valid only until March 31, 2027; company must secure renewal to maintain lender confidence thereafter
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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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