Balkrishna Industries Limited has successfully completed the redemption of its Commercial Paper worth ₹100 crores on the scheduled due date of March 2, 2026. The company informed the stock exchanges about this completion through an official communication dated March 2, 2026.

Commercial Paper Redemption Details

The redemption pertains to the Commercial Paper with specific identification details that were previously communicated to the exchanges. The company had earlier intimated the record date for this redemption through a letter dated February 23, 2026.

Regulatory Compliance

The disclosure was made in accordance with SEBI Master Circular No. SEBI/HO/DDHS/PoD1/P/CIR/2024/54 dated May 22, 2024. This circular governs the issue and listing of various securities including Non-Convertible Securities, Securitized Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Papers.

The company also referenced the 'FAQs for listing of Commercial Papers' issued by BSE Limited as part of its compliance framework. Director & Company Secretary Vipul Shah certified that the entire redemption amount was paid on the due date.

Stock Exchange Communication

Balkrishna Industries communicated this development to both major stock exchanges where its securities are listed:

• BSE Limited: Scrip Code 502355 (Equity) and 730703 (Commercial Paper)
• National Stock Exchange: Trading Symbol BALKRISIND

The timely redemption demonstrates the company's commitment to meeting its financial obligations as scheduled and maintaining transparency with stakeholders through proper regulatory disclosures.

Balkrishna Industries Limited has secured a CRISIL AA+/Stable credit rating for its Rs. 750 crore Non Convertible Debentures, the company announced in a regulatory filing on February 28, 2026. The rating assignment demonstrates the company's strong creditworthiness and financial stability in the debt market.

Credit Rating Details

CRISIL Ratings Limited assigned the rating through its letter dated February 27, 2026, following a comprehensive evaluation of the company's financial position. The rating specifics are outlined below:

Rating Significance

The CRISIL AA+/Stable rating indicates that securities with this rating are considered to have a high degree of safety regarding timely servicing of financial obligations. According to CRISIL Ratings, such securities carry very low credit risk, providing confidence to potential investors about the company's ability to meet its debt obligations.

Regulatory Compliance

The company disclosed this information to both BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Vipul Shah, Director & Company Secretary and Compliance Officer, signed the disclosure letter on behalf of Balkrishna Industries Limited.

Rating Surveillance and Validity

CRISIL Ratings will maintain surveillance over this rating throughout the life of the instrument and reserves the right to withdraw or revise the rating based on new information or changing circumstances. The company must utilize this rating within 180 days from the assignment date, or obtain fresh revalidation from CRISIL Ratings for any changes in size or structure of the proposed issue.

The rating information is available on the company's website at www.bkt-tires.com and will be disseminated through CRISIL's publications and media channels as per their standard practice.