* Elgi Rubber Company Limited announced that Infomerics Valuation and Rating Limited has upgraded its credit ratings on November 20, 2025. * The long-term bank facilities (enhanced from ₹140.02 crore) are upgraded to IVR BB+/Stable for ₹171.82 crore from IVR BB/Negative/INC. * Long-term bank facilities - Fixed Deposit of ₹12.00 crore is upgraded to IVR BB+/Stable from IVR BB/Negative/INC. * Short-term bank facilities (enhanced from ₹124.75 crore) are upgraded to IVR A4+ for ₹142.54 crore from IVR A4/INC. * The rating rationale cites the company's experienced promoters, long operating track record, comprehensive product portfolio, diverse customer base, strong global network, and stable operations with clear growth visibility. * The stable outlook reflects expectations that the new manufacturing facility at Sriperumbudur will enhance the company’s profitability.
