Eveready Industries India Limited , a prominent player in the Indian consumer goods sector, has received a significant boost to its credit profile. India Ratings and Research, a leading credit rating agency, has upgraded the company's long-term rating on bank facilities while affirming its short-term rating.

Rating Upgrade Details

The upgrade reflects a positive shift in the agency's assessment of Eveready Industries' creditworthiness. The company promptly informed the stock exchanges about this rating action, in compliance with SEBI regulations.

Implications of the Upgrade

The upgrade to 'IND A+' from 'IND A' for long-term facilities signifies:

• Enhanced confidence in the company's ability to meet its long-term financial obligations
• Potentially improved access to credit at more favorable terms
• A positive indicator for investors and stakeholders about the company's financial health

The affirmation of the short-term rating at 'IND A1' continues to indicate strong creditworthiness for short-term obligations.

Market Impact

Credit rating upgrades typically have positive implications for a company's stock performance and investor perception. The stable outlook assigned alongside the upgrade suggests that India Ratings expects Eveready Industries to maintain its improved credit profile in the near to medium term.

Investors and market participants may view this upgrade as a sign of Eveready's strengthening financial position and operational performance. However, it's important to note that credit ratings are just one of many factors that influence investment decisions and stock performance.

As always, investors are advised to conduct their own research and consider multiple factors before making investment decisions based on credit rating changes or any other single piece of information.

Eveready Industries India Limited , a prominent player in the Indian consumer goods sector, has announced the successful passage of all resolutions proposed in its recent postal ballot. The voting process, which concluded on October 16, 2025, saw strong shareholder participation and overwhelming support for the company's proposals.

Key Resolutions Approved

Two significant resolutions were put to vote:

1. Payment of Remuneration to Non-Executive Independent Directors (Special Resolution)
2. Revision in Remuneration of Executive Director and CFO Bibek Agarwal (Ordinary Resolution)

Voting Results

The voting results demonstrate robust shareholder engagement and strong support for the company's proposals:

Shareholder Participation

The postal ballot saw significant participation from Eveready's shareholder base:

• Total shares of the company: 72,687,260
• Shares participated in voting: 48,440,260 (66.64% of total shares)

This high level of participation underscores the engagement of Eveready's shareholders in corporate governance matters.

Voting Process

The company conducted the voting process entirely through electronic means, in line with current corporate governance practices:

• Postal ballot notice date: August 5, 2025
• Voting period: September 17 to October 16, 2025
• Voting method: Remote e-voting

Corporate Governance Implications

The overwhelming approval of these resolutions reflects shareholder confidence in Eveready's management and governance practices. The decision to revise the remuneration of the Executive Director and CFO, as well as to compensate non-executive independent directors, aligns with the company's commitment to attracting and retaining top talent in key positions.

Conclusion

The successful passage of these resolutions marks a positive development for Eveready Industries India Limited. It demonstrates strong shareholder support for the company's governance decisions and sets the stage for potential enhancements in executive performance and board effectiveness.

Eveready Industries has stated that the voting results and the scrutinizer's report will be made available on the company's website and the National Securities Depository Limited's e-voting platform, ensuring transparency in the process.