Riddhi Siddhi Gluco Biols Limited has disclosed a revision in its credit ratings by Crisil Ratings, with both long-term and short-term facility ratings now placed under negative watch implications. The company communicated this development to BSE Limited on April 1, 2026, in compliance with regulatory disclosure requirements.

Credit Rating Revision Details

Crisil Ratings has modified the outlook on the company's loan facilities from 'developing implications' to 'negative implications' while maintaining the existing rating levels. The revision affects both categories of the company's rated facilities.

Regulatory Compliance

The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company referenced SEBI Master Circular HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 issued on July 11, 2023, and last updated on January 30, 2026, as part of its compliance framework.

Corporate Communication

The formal intimation was signed by Sharad Jain, Company Secretary (Membership No.: F13058), and digitally submitted to BSE Limited. The company's registered office is located at Abhisree Corporate Park, Ambli-Bopal Road, Ahmedabad, and it operates under CIN L24110GJ1990PLC013967.

The rating revision represents a change in credit outlook from a neutral developing status to a more cautious negative watch position, indicating potential concerns about the company's credit profile that warrant closer monitoring by the rating agency.

Riddhi Siddhi Gluco Biols Limited has disclosed that the Supreme Court of India has upheld the Securities Appellate Tribunal (SAT) order in a regulatory matter involving the company. The Supreme Court pronounced its order on 19 March 2026, rejecting the company's appeal against the SAT decision dated 09 March 2026.

Supreme Court Decision Details

The company, along with other appellants, had challenged the SAT order before the Supreme Court. The matter relates to earlier orders passed by SEBI's Adjudicating Officer and Whole Time Member regarding alleged violations of securities laws.

Regulatory Violations and Penalties

The case involves allegations of violations of Minimum Public Shareholding (MPS) requirements and issues related to the company's delisting under various securities laws. The company has indicated that there is no quantifiable monetary impact on its financial, operational, or other activities from this order.

Previous Compliance Actions

The company has already deposited penalties as directed by the Securities Appellate Tribunal. The Adjudicating Officer had imposed a penalty of Rs. 5 lakh each on the company and two of its promoter directors through an order dated 02 July 2021.

Next Steps and Compliance

Riddhi Siddhi Gluco Biols stated that it will consult with its Board of Directors to take necessary steps for compliance with the Securities Appellate Tribunal directions. The company will follow applicable rules and regulations in implementing the required measures. The disclosure was made under Regulation 30 of SEBI Listing Regulations, with the company referencing its earlier intimations dated 12 August 2021, 01 November 2021, and 11 March 2026.