Ruby Mills Rating Upgraded to ‘IND BBB+’ with Stable Outlook

📈 India Ratings has upgraded

bank loan facilities to ‘IND BBB+’/Stable from ‘IND BBB’, resolving the earlier Rating Watch. The upgrade reflects improved operating profitability in 1HFY26 and successful execution of the Memorandum of Agreement (MOA) with Mindset Estates, strengthening the company’s financial profile.