Chambal fertilisers & chemicals has received credit rating reaffirmation from CRISIL Ratings Limited for its bank loan facilities and commercial paper programme. The company disclosed this development through a regulatory filing under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015, dated March 18, 2026.

Credit Rating Details

CRISIL Ratings Limited reaffirmed the company's credit ratings while revising the facility amounts across different categories. The rating agency maintained its positive outlook on the fertiliser manufacturer's creditworthiness.

Additional Facility Rating

Beyond the existing facilities, CRISIL Ratings Limited also reaffirmed its credit rating of CRISIL AA+/Positive on Rs. 4,573.56 crore proposed bank loan facilities for long-term rating. This additional facility rating demonstrates the rating agency's continued confidence in the company's financial stability and creditworthiness.

Rating Significance

The AA+ rating indicates high safety regarding timely servicing of financial obligations, with very low credit risk. The Positive outlook suggests potential for rating upgrade based on the company's performance trajectory. The A1+ rating for short-term facilities represents the highest degree of safety regarding timely payment of financial obligations.

Regulatory Compliance

The disclosure was made pursuant to regulatory requirements, with the rating letter from CRISIL dated March 17, 2026. The announcement was signed by Tridib Barat, Vice President - Legal & Company Secretary, ensuring proper corporate governance and transparency for stakeholders and market participants.

Ganges Securities Limited has increased its shareholding in chambal fertilisers & chemicals Limited through an open market acquisition, as disclosed in a regulatory filing dated March 17, 2026. The transaction represents a strategic move by the promoter group entity to strengthen its position in the fertiliser company.

Transaction Details

The acquisition involved the purchase of 1,18,000 equity shares carrying voting rights through open market operations on March 17, 2026. This transaction increased Ganges Securities' shareholding percentage from 0.58% to 0.61% of the total voting capital.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Ganges Securities submitted the required documentation to both the National Stock Exchange of India Limited and BSE Limited, where Chambal Fertilisers shares are listed.

Company Position

Ganges Securities Limited operates as a promoter group entity in relation to Chambal Fertilisers and Chemicals Limited. The company maintains its registered office at P.O. Hargaon, District Sitapur, Uttar Pradesh, and is incorporated under CIN L74120UP2015PLC069869.

Share Capital Context

The acquisition was executed against Chambal Fertilisers' total equity share capital of 400652297 shares. The target company's shares remain listed on both major Indian stock exchanges, providing liquidity for such transactions.

The filing was signed by Vikash Goyal, Chief Financial Officer of Ganges Securities Limited, from Kolkata on March 17, 2026, ensuring compliance with regulatory timelines for such disclosures.