Balkrishna Industries Limited has announced the record date for its commercial paper redemption, marking an important milestone in the company's debt management activities. The announcement was made through an official communication to both major stock exchanges under reference number BIL/SE/2025-26.

Commercial Paper Details

The company has provided comprehensive details regarding the commercial paper redemption scheduled for March 2026. The commercial paper, which carries significant value, represents part of the company's short-term financing instruments.

Regulatory Compliance

The record date announcement has been made in compliance with Regulation 42, demonstrating the company's adherence to regulatory requirements. The communication was addressed to both BSE Limited and National Stock Exchange of India, ensuring comprehensive market notification.

The official communication was signed by Vipul Shah, who serves as Director and Company Secretary and Compliance Officer, holding DIN: 05199526. This formal announcement ensures that all stakeholders are properly informed about the commercial paper redemption timeline.

Corporate Information

Balkrishna Industries Limited operates with its corporate office located at BKT House, C/15, Trade World, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai. The company's registered office is situated at B-66, Waluj MIDC, Waluj Industrial Area, Chhatrapati Sambhaji Nagar, Maharashtra. The company carries CIN No.: L99999MH1961PLC012185 and maintains its equity scrip code as 502355 on the stock exchanges.

Balkrishna Industries Limited has secured a CARE AA+/Stable credit rating for its Rs. 750 crore Non Convertible Debentures, the company announced in a regulatory filing on March 4, 2026. The rating assignment demonstrates the company's strong creditworthiness and financial stability in the debt market.

Credit Rating Details

CARE Ratings Limited assigned the rating through its letter dated March 2, 2026, following a comprehensive evaluation of the company's financial position. The rating specifics and instrument details are outlined below:

Debenture Structure and Terms

The proposed Non Convertible Debentures will have a structured repayment schedule with payments distributed across the final three years of the five-year tenure. Repayments are scheduled at the end of the third, fourth, and fifth years, providing flexibility in the company's debt servicing obligations.

Rating Validity and Compliance

The company must utilize this rating within six months from the initial communication date, specifically by August 26, 2026, or arrange for revalidation. Any changes in the size or terms of the proposed issue will require rating revalidation from CARE Ratings Limited.

Regulatory Disclosure

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

CARE Ratings Limited reserves the right to undertake surveillance and review of the rating throughout the instrument's lifetime, with at least one review annually. The rating agency maintains the authority to revise, reaffirm, or withdraw the rating based on periodic reviews and changing circumstances. The rating information is available on the company's website at www.bkt-tires.com .

Source: None/Company/INE787D01026/b994939a-11e4-4b86-852e-5b51459b2101.pdf