Kaira Can Company Limited, a leading packaging and can manufacturing company based in Mumbai, has received a credit rating downgrade from CRISIL Ltd. The rating update affects both the company’s long-term and short-term bank facilities, with implications for investors and lenders.

As per the CRISIL communication dated 15th September, 2025, the company’s total bank loan facilities of Rs. 51.5 Crore were assessed under the revised ratings:

• Long-Term Rating: CRISIL BBB/Stable, downgraded from BBB+/Stable

• Short-Term Rating: CRISIL A3+, downgraded from A2

The rating downgrade reflects CRISIL’s ongoing monitoring and evaluation process. All ratings assigned by CRISIL are kept under continuous surveillance, and revisions are based on new financial information, operational performance, or other relevant developments impacting the company’s credit profile.

Bank-wise details of the outstanding facilities include cash credit, letters of credit, bank guarantees, and packing credit in foreign currency across multiple banks such as ICICI Bank, DBS Bank, and Bank of Baroda. Each facility’s rating corresponds to the overall assessment by CRISIL, with long-term obligations assessed at BBB/Stable and short-term obligations at A3+.

CRISIL Ratings emphasizes that their rating reflects the likelihood of timely repayment of obligations under the rated instruments. However, it does not constitute an audit, investment advice, or comment on market price, nor does it guarantee the completeness or accuracy of information relied upon. The rating remains valid until 31st March, 2026, after which revalidation is required if the company seeks to avail the facilities.

Hiten Vanjara, Company Secretary of Kaira Can Company Limited, confirmed the receipt of the rating update and requested the stock exchanges to take note under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The credit rating revision is an important indicator for investors, financial institutions, and stakeholders, highlighting the company’s financial stability and repayment capacity in the current market environment. Kaira Can continues to operate in the can manufacturing and packaging sector while maintaining its administrative offices in Mumbai and production facilities in Kanjari, Vithal Udyognagar, and Anand.

CRISIL Ratings also cautions that ratings are subject to change depending on financial developments, availability of information, and evolving market conditions. Investors are encouraged to monitor the latest rating information through www.crisilratings.com or via the company’s disclosures to understand updated credit assessments.

This revision marks a critical update for Kaira Can Company’s investor communications and financial planning, ensuring that stakeholders remain informed of changes in the company’s creditworthiness as assessed by CRISIL.

If you want, I can also create a simplified infographic summarizing the long-term and short-term ratings, facility-wise details, and CRISIL commentary for quick investor reference.

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