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

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.