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.

Balkrishna Industries Limited has announced that its Finance Committee will meet on March 2, 2026 to consider a significant fundraising proposal. The meeting will focus on evaluating the issuance of non-convertible debentures through private placement, potentially structured in multiple tranches.

Meeting Details and Regulatory Compliance

The Finance Committee meeting has been scheduled in strict adherence to Regulation 29(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided prior intimation to both major stock exchanges as required under the listing regulations.

Official Communication and Documentation

The formal notification was communicated to the stock exchanges on February 25, 2026, through document reference BIL/SE/2025-26. The communication was digitally signed by Vipul Shah, who serves as Director & Company Secretary and Compliance Officer, holding DIN: 05199526.

Stock Exchange Notification

Both BSE Limited and National Stock Exchange of India Limited have been formally notified about the upcoming Finance Committee meeting. The company trades under multiple scrip codes across different instruments.

Corporate Structure

Balkrishna Industries Limited operates with its corporate office located at BKT House in Mumbai's Lower Parel area, while maintaining its registered office in Waluj Industrial Area, Chhatrapati Sambhaji Nagar, Maharashtra. The company holds CIN No.: L99999MH1961PLC012185, reflecting its incorporation status dating back to 1961.

The Finance Committee's deliberations on March 2, 2026 will determine the company's approach to raising funds through debt instruments, with the non-convertible debentures offering a structured financing option through private placement methodology.