Balrampur chini mills Limited has announced a significant credit rating update, with Crisil Ratings Limited reaffirming the company's strong financial standing while enhancing its bank facility limits. The development was communicated to stock exchanges under regulatory disclosure requirements.

Credit Rating Reaffirmation

Crisil Ratings Limited has reaffirmed Balrampur Chini Mills' credit ratings across multiple instruments. The rating agency maintained the company's long-term rating at Crisil AA+/Stable and Commercial Paper rating at Crisil A1+, indicating continued confidence in the company's creditworthiness and financial stability.

Enhanced Bank Facilities

The company has secured a substantial enhancement in its total bank loan facilities, with the rated amount increasing from Rs. 3808.75 crores to Rs. 4269.75 crores. This enhancement reflects the company's improved access to credit and strengthened banking relationships.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders. The enhancement in credit facilities stems from increased credit arrangements with banking partners, providing the company with greater financial flexibility.

Strategic Implications

The rating reaffirmation combined with enhanced bank facilities positions Balrampur Chini Mills favorably for its operational and expansion requirements. The AA+ rating reflects the company's strong credit profile, while the increased facility limits provide additional financial resources for business operations and growth initiatives.

Balampur Chini Mills Limited has received an ESG (Environmental, Social, and Governance) rating from a SEBI-registered rating provider, marking a significant development in the company's sustainability assessment profile.

ESG Rating Details

ESGRisk.ai, a SEBI registered ESG Rating Provider, has voluntarily assigned an ESG rating of '56 - Adequate' to Balampur Chini Mills Limited. The assessment was conducted based on publicly available information about the company's operations and practices.

Regulatory Compliance

The company has disclosed this information in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about material events and developments that could impact investor decisions.

The disclosure was made to both major Indian stock exchanges where the company's shares are listed. The communication ensures transparency and keeps stakeholders informed about the company's ESG assessment.

Information Accessibility

The ESG rating information has been made publicly accessible through multiple channels. Stakeholders can access the rating details on ESGRisk.ai's official website, which maintains comprehensive ESG assessments for various companies. Additionally, the information is available on Balampur Chini Mills Limited's corporate website at www.chini.com .

Company Profile

Balampur Chini Mills Limited operates with its registered office located at FMC Fortuna, 2nd Floor, 234/3A, A. J. C. Bose Road, Kolkata - 700 020. The company maintains its corporate website at www.chini.com and can be contacted through various communication channels for investor and stakeholder inquiries.

The formal disclosure was signed by Manoj Agarwal, Company Secretary & Compliance Officer, ensuring proper authorization and compliance with regulatory requirements.