Balkrishna Industries Limited has successfully completed its fundraising initiative with the Finance Committee formally approving the issuance of non-convertible debentures worth ₹750 crore. The Finance Committee meeting, held on March 2, 2026, resulted in the approval of 75,000 rated, listed, unsecured, redeemable, non-convertible debentures.

Finance Committee Meeting Outcome

The Finance Committee of the Board of Directors convened on March 2, 2026, from 11:30 a.m. to 12:15 p.m., and approved the comprehensive debenture issuance plan. The committee authorized the issuance and allotment of 75,000 non-convertible debentures with a face value of ₹1,00,000 each, aggregating to ₹750 crore.

Debenture Structure and Terms

The approved debentures are structured as rated, listed, unsecured, redeemable, non-convertible instruments to be issued through private placement. The issuance will be conducted in one or multiple tranches, providing flexibility in the fundraising process. The Board of Directors had previously delegated powers to the Finance Committee regarding non-convertible debenture issuance at their meeting held on February 8, 2021.

Regulatory Compliance and Documentation

The debenture issuance falls within the current borrowing limits applicable to the company under Section 180(1)(c) of the Companies Act, 2013. The company has provided comprehensive details pursuant to Regulation 30 read with Schedule III of Securities and Exchange Listing Regulations, ensuring full regulatory compliance. The designated stock exchange for listing will be disclosed at the time of allotment, along with coupon rates and payment schedules.

Stock Exchange Notification

Both BSE Limited and National Stock Exchange of India Limited were formally notified about the fundraising outcome through document reference BIL/SE-2025-26. The communication was digitally signed by Vipul Shah, Director & Company Secretary and Compliance Officer (DIN: 05199526).

Balkrishna Industries Limited operates with its corporate office at BKT House in Mumbai's Lower Parel area and registered office in Waluj Industrial Area, Chhatrapati Sambhaji Nagar, Maharashtra. The company holds CIN No.: L99999MH1961PLC012185.

Balkrishna Industries Limited has announced the reaffirmation of its credit ratings by CRISIL Ratings Limited, demonstrating the company's continued strong financial standing and creditworthiness in the market.

Credit Rating Details

CRISIL Ratings Limited, through its letters dated February 27, 2026, has reviewed and reaffirmed the credit ratings for Balkrishna Industries' banking facilities and commercial paper programme. The rating agency has maintained its confidence in the company's financial stability.

Banking Facility Breakdown

The Rs. 2000 crore bank loan facilities are distributed across multiple banking partners and facility types, showcasing the company's diversified banking relationships. The facilities include cash credit arrangements, letters of credit, bank guarantees, packing credit facilities, and term loans.

Key banking partners include ICICI Bank Limited, YES Bank Limited, Kotak Mahindra Bank Limited, Standard Chartered Bank, The Hongkong and Shanghai Banking Corporation Limited, and Citibank N.A. The facilities range from Rs. 20 crores to Rs. 600 crores across different banks and facility types.

Rating Significance

The CRISIL AA+/Stable rating indicates very high safety regarding timely servicing of financial obligations, with very low credit risk. The A1+ rating for short-term facilities and commercial paper signifies very strong degree of safety regarding timely payment of financial obligations, carrying the lowest credit risk in CRISIL's rating scale.

Regulatory Compliance

The company has disclosed this rating reaffirmation in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information has been communicated to both BSE Limited and National Stock Exchange of India Limited, ensuring transparency for all stakeholders.

The rating letters were signed by Joanne Annie Gonsalves, Associate Director, and Nivedita Shibu, Director at CRISIL Ratings, confirming the official nature of the rating reaffirmation.