Agarwal industrial corporation Limited has submitted its quarterly compliance certificate to stock exchanges, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026.

Regulatory Compliance Submission

The company filed the mandatory certificate under Regulation 74(5) with both BSE Limited and National Stock Exchange of India Limited on April 02, 2026. Company Secretary and Compliance Officer Yashee Agrawal signed the submission digitally, ensuring proper documentation and compliance with exchange requirements.

Certificate Details from Registrar

MUFG Intime India Private Limited, serving as the company's Registrar and Share Transfer Agent, issued the confirmation certificate dated April 01, 2026. The certificate was signed by Ashok Shetty, Sr. Vice President-Corporate Registry, confirming compliance with depositories regulations.

Securities Management Confirmation

The registrar confirmed that securities received from depository participants for dematerialisation during Q4FY26 were properly processed and confirmed to the depositories. Key confirmations included:

• Securities received for dematerialisation were confirmed or rejected within prescribed timelines
• Security certificates were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners
• All securities comprised in certificates have been listed on relevant stock exchanges

Company Information

This quarterly submission demonstrates the company's commitment to maintaining regulatory compliance and proper securities management practices as required under SEBI regulations.

Agarwal Industrial Corporation Limited has received a credit rating reaffirmation from CRISIL, though with a revised outlook that signals potential concerns. The rating agency maintained the company's long-term rating at A but changed the outlook to negative from stable, covering total bank loan facilities of Rs.240 crore.

Rating Details and Coverage

CRISIL's rating action, communicated on March 11, 2026, encompasses the company's entire portfolio of bank facilities across multiple financial institutions. The rating reaffirmation maintains the A grade, indicating adequate safety for timely payment of financial obligations.

Bank-wise Facility Distribution

The rated facilities are distributed across five major banks, with Axis Bank and Kotak Mahindra Bank holding the largest exposures. The working capital facilities demonstrate the company's diversified banking relationships.

Regulatory Compliance and Communication

The company promptly informed both BSE and NSE about the rating development on March 12, 2026, fulfilling its obligations under Regulation 30 of SEBI listing requirements. Company Secretary Yashee Agrawal signed the regulatory communication, ensuring transparency with stakeholders.

Outlook Implications

The revision of outlook from stable to negative, while maintaining the A rating, suggests CRISIL has identified factors that could potentially impact the company's credit profile in the medium term. The rating letter remains valid until March 31, 2026, after which a new rating communication would be required.

CRISIL noted that companies must avail proposed facilities within 180 days of the rating letter date, requiring fresh revalidation otherwise. The rating agency continues its surveillance of all assigned ratings and reserves the right to revise them based on new information or changing circumstances.