Bhageria Industries Limited submitted a regulatory disclosure to National Stock Exchange of India Limited and BSE Limited regarding revision in credit ratings assigned by CARE Ratings Limited.
The company received rating revision communication from CARE Ratings Limited through Letter No. CARE/HO/RL/2026-27/3171 dated October 7, 2026, received via email on October 7, 2026 at 04:47 p.m.
Rating Action Details
- Facilities: Long-term/Short-term Bank Facilities
- Amount: ₹141.00 Crores (Enhanced from ₹91.00 Crore)
- Existing Credit Rating: CARE A; Stable / CARE A1
- Revised Credit Rating: CARE A; Stable / CARE A1
- Rating Action: Reaffirmed and removed from Rating Watch with Negative Implications; Stable outlook assigned
Basis for Rating Review
The rating revision was based on:
- Recent developments including operational and financial performance for FY26 (Audited)
- Q1FY27 (Unaudited) performance
- Restart permission for the sulphonation section of H-acid manufacturing unit from Maharashtra Pollution Control Board (MPCB)
Facility Breakdown
Total Rated Facilities: ₹141.00 crore
1.A. Fund Based Limits (₹140.00 crore):
- Yes Bank Ltd.: ₹95.00 crore (Revolving facility)
- Axis Bank Ltd.: ₹30.00 crore (Revolving facility)
- Kotak Mahindra Bank Ltd.: ₹15.00 crore (Revolving facility)
1.B. Fund Based Limits (₹1.00 crore):
- Proposed: ₹1.00 crore (Proposed Facility)
Additional Information
The rating report will be communicated separately. CARE Ratings proposed to issue a press release and provided a draft for company's review and comments by October 08, 2026.
CARE Ratings reserves the right to undertake surveillance/review of the rating from time to time, with at least one review/surveillance every year. The rating agency may revise/reaffirm/withdraw the rating based on periodic review or any event warranting such action.
The disclosure was signed by Deepa Mahavir Prasad Toshniwal, Company Secretary & Compliance Officer (A66073) on October 7, 2026 at 17:27:00 +05'30'.