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As on 12-Oct-2026  19:58

Infomerics upgrades Amir Chand Jagdish Kumar’s bank loan facilities, citing improved financials

Amir Chand Jagdish Kumar (Exports) Ltd announced that Infomerics Ratings has upgraded the rating of its fund-based long term bank loan facilities from ‘IVR A/Positive’ to ‘IVR A+/Stable’ and revised the outlook from ‘Positive’ to ‘Stable,’ while reaffirming the rating of its fund/non-fund based short term bank loan facilities at ‘IVR A1’; the agency also reaffirmed the rating of the total bank loan facilities at ‘IVR A+/Stable’ and ‘IVR A1’, enhancing the total facilities rated from Rs. 915.00 Crore to Rs. 1,015.00 Crore. Furthermore, Infomerics revised the analytical approach from standalone to consolidated, noting a 14.3% increase in total operating income to Rs. 2,287.13 crore in fiscal year 2026 and a rise in profit after tax to Rs. 103.29 crore, alongside other financial metric adjustments, and expects sustained operating scale and financial profile.