Pacific Industries Limited Announces Withdrawal of Credit Rating by CARE Ratings
Pacific Industries Limited disclosed the withdrawal of its credit rating by CARE Ratings Limited under Regulation 30 of SEBI regulations. The withdrawal was processed at the company's request dated March 10, 2026, with formal communications exchanged between March 30-31, 2026. The company fulfilled its regulatory disclosure obligations by informing the Bombay Stock Exchange about this development.
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Pacific Industries Limited has announced the withdrawal of its credit rating by CARE Ratings Limited, as disclosed in a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Regulatory Disclosure Details
The company submitted its disclosure to the Bombay Stock Exchange on March 31, 2026, informing the exchange about the credit rating withdrawal. Company Secretary Sachin Shah signed the official communication, ensuring compliance with mandatory disclosure requirements.
| Parameter: | Details |
|---|---|
| Disclosure Date: | March 31, 2026 |
| Exchange: | Bombay Stock Exchange Limited |
| Scrip Code: | 523483 |
| Signatory: | Sachin Shah, Company Secretary |
CARE Ratings Communication
CARE Ratings Limited issued a formal withdrawal letter dated March 30, 2026, addressed to Director Jagdish Prasad Agarwal. The rating agency confirmed that the withdrawal was processed following the company's email request dated March 10, 2026.
| Detail: | Information |
|---|---|
| Withdrawal Request Date: | March 10, 2026 |
| CARE Letter Date: | March 30, 2026 |
| Reference Number: | CARE/ARO/RL/2025-26/8405 |
| Lead Analyst: | Arpita Alax Christian |
| Associate Director: | Nikita Akhilesh Goyal |
Withdrawal Process and Policy Compliance
The withdrawal was executed in strict compliance with CARE Ratings' Withdrawal Policy. CARE Ratings emphasized in their communication that the company must ensure ratings are not used hereafter for any purpose whatsoever. The rating agency also indicated its willingness to provide services for any future rating requirements.
Corporate Information
Pacific Industries Limited operates from its registered office in Village Bedla, Udaipur, Rajasthan, with a branch office located in Bangalore, Karnataka. The company maintains multiple communication channels including telephone, fax, and email facilities across both locations.
The formal disclosure fulfills the company's regulatory obligations under SEBI listing requirements, ensuring transparency with stakeholders regarding changes in credit rating status.
Historical Stock Returns for Pacific Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.15% | +2.92% | -7.55% | -35.73% | -38.43% | +29.66% |
Will Pacific Industries seek a new credit rating from alternative agencies like CRISIL or ICRA to maintain market credibility?
How might the credit rating withdrawal impact Pacific Industries' ability to secure future debt financing or bank loans?
What strategic reasons could have prompted Pacific Industries to voluntarily request the withdrawal of its credit rating?
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