Dharmaj Crop Guard Limited Receives CRISIL Rating Reaffirmation and Withdrawal for Rs.237.85 Crore Bank Facilities

1 min read     Updated on 03 Apr 2026, 12:36 PM
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Dharmaj Crop Guard Limited has received reaffirmation and withdrawal of CRISIL credit ratings for bank facilities totaling Rs.237.85 crore on April 02, 2026. The company's long-term rating of 'CRISIL BBB+/Stable' and short-term rating of 'CRISIL A2' were both reaffirmed and withdrawn at the company's request after submitting No Objection Certificates. The rated facilities include various credit instruments across HDFC Bank Limited and State Bank of India, supporting the company's operational requirements.

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Dharmaj Crop Guard Limited has notified both BSE and NSE about the reaffirmation and withdrawal of its credit ratings by CRISIL Ratings Limited. The company received the rating withdrawal communication on April 03, 2026, for actions completed on April 02, 2026.

Rating Details and Withdrawal Process

CRISIL Ratings Limited reaffirmed and subsequently withdrew the ratings assigned to Dharmaj Crop Guard Limited at the company's request. The withdrawal was processed after the company submitted No Objection Certificates to the rating agency.

Rating Parameter: Details
Total Bank Loan Facilities Rated: Rs.237.85 Crore
Long Term Rating: CRISIL BBB+/Stable (Rating Reaffirmed and Withdrawn)
Short Term Rating: CRISIL A2 (Rating Reaffirmed and Withdrawn)

Bank Facility Breakdown

The rated facilities span across multiple banks and facility types, with HDFC Bank Limited and State Bank of India being the primary banking partners. The comprehensive facility structure includes various credit instruments to support the company's operational and growth requirements.

Facility Type: Bank Amount (Rs. in Crore)
Cash Credit: HDFC Bank Limited 52.75
Cash Credit: State Bank of India 30.00
Term Loan: HDFC Bank Limited 50.00
Term Loan: State Bank of India 40.00
Letter of Credit: HDFC Bank Limited 40.00
Pre Shipment Packing Credit: HDFC Bank Limited 15.10
Foreign Exchange Forward: HDFC Bank Limited 10.00

Regulatory Compliance and Timeline

The rating withdrawal follows the company's earlier communication dated February 18, 2026, wherein it had informed exchanges about obtaining credit ratings from CARE Ratings Limited. This sequential rating agency transition demonstrates the company's proactive approach to credit rating management and regulatory compliance.

The company has made the rating withdrawal information available on its official website at www.dharmajcrop.com , ensuring transparency for all stakeholders. Both BSE and NSE have been formally notified through proper regulatory channels as required under applicable listing regulations.

Corporate Communication

The formal intimation was signed by Rameshbhai Ravajibhai Talavia, Chairman and Managing Director, and addressed to both major stock exchanges where the company's shares are listed. The communication included the complete rationale for reaffirmation and withdrawal issued by CRISIL Ratings Limited, along with detailed facility-wise breakdowns for comprehensive disclosure.

Historical Stock Returns for Dharmaj Crop Guard

1 Day5 Days1 Month6 Months1 Year5 Years
+1.85%+12.25%+11.63%-10.10%+37.02%+3.32%

What specific terms and conditions did CARE Ratings Limited offer that prompted Dharmaj Crop Guard to switch from CRISIL?

How might the transition between rating agencies impact the company's borrowing costs and future credit facility negotiations?

Will the new CARE ratings maintain similar investment-grade status, and what factors could influence any rating changes?

Dharmaj Crop Guard to Participate in 'Bharat Connect 2026' Investor Conference on March 9, 2026

1 min read     Updated on 05 Mar 2026, 12:57 PM
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Dharmaj Crop Guard Limited announced its participation in 'Bharat Connect 2026' investor conference organized by Arihant Capital Markets Limited on March 9, 2026. The virtual group meeting was disclosed to stock exchanges on March 5, 2026, with the company confirming no unpublished price-sensitive information will be discussed during the conference.

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Dharmaj crop guard Limited has announced its participation in an upcoming investor conference, informing stock exchanges about the scheduled engagement with the investment community.

Conference Details

The company will participate in 'Bharat Connect 2026', an investor conference organized by Arihant Capital Markets Limited. The event is scheduled as a virtual group meeting format.

Parameter: Details
Conference Name: Bharat Connect 2026
Organizer: Arihant Capital Markets Limited
Meeting Type: Group Meeting
Mode: Virtual Meeting
Date: Monday, March 9, 2026

Regulatory Compliance

The company filed the intimation with BSE Limited and National Stock Exchange of India Limited on March 5, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Malvika Kapasi signed the regulatory filing.

Important Disclosures

Dharmaj Crop Guard Limited has made several key disclosures regarding the conference participation:

  • No Unpublished Price-Sensitive Information (UPSI) will be discussed during the conference
  • Any unforeseen exigency on the part of the company or host may lead to changes in date or time
  • The company received confirmation of the meeting time slot on March 5, 2026, making it not feasible to provide two working days' prior intimation as typically prescribed
  • Despite the timing constraints, there remains a gap of three clear days between the intimation date and the scheduled meeting, excluding both the intimation date and meeting date

The virtual format allows the company to engage with investors and analysts while maintaining operational efficiency and broader accessibility for participants.

Historical Stock Returns for Dharmaj Crop Guard

1 Day5 Days1 Month6 Months1 Year5 Years
+1.85%+12.25%+11.63%-10.10%+37.02%+3.32%

More News on Dharmaj Crop Guard

1 Year Returns:+37.02%