Black Rose Industries Limited has received reaffirmation of its credit ratings from Crisil Ratings Limited, maintaining stable outlook on the company's banking facilities. The rating agency has reaffirmed both long-term and short-term credit ratings on the company's bank loan facilities totaling Rs. 86.5 crore.

Credit Rating Details

Crisil has maintained its assessment of Black Rose Industries' creditworthiness across multiple rating categories. The reaffirmation covers the company's complete portfolio of bank loan facilities.

Regulatory Compliance

The company announced this development through a formal communication to BSE Limited on January 28, 2026. The intimation was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates disclosure of material events including credit rating actions.

Whole-time Director Shruti Jatia signed the regulatory filing, ensuring compliance with stock exchange notification requirements. The company has also made this information available on its corporate website at www.blackrosechemicals.com for stakeholder access.

Company Operations

Black Rose Industries Limited operates from its registered office at Mittal Towers, Nariman Point, Mumbai, with manufacturing facilities located at Shree Laxmi Co-op. Industrial Estate in Hatkanangle, Kolhapur district, Maharashtra. The company maintains its listing on BSE with scrip code 514183 and ISIN INE761G01016.

The credit rating reaffirmation reflects the rating agency's continued confidence in the company's financial profile and business operations, providing stability for its banking relationships and financial planning initiatives.

Black Rose Industries Limited , a chemical manufacturing company, has received significant relief as the Gujarat Pollution Control Board (GPCB) revoked its earlier closure directions for the company's plant in Bharuch, Gujarat. The development marks a positive turn for the company, which can now resume full operations at the facility.

GPCB Revokes Closure Directions

The Gujarat Pollution Control Board issued a revocation order on December 26, 2025, withdrawing the closure directions that were originally issued on December 5, 2025. The revocation provides relief for a period of three months from the date of issuance, allowing the company to operate under prescribed conditions.

Financial Settlement and Compliance

As part of the resolution process, Black Rose Industries has paid an Interim Environmental Damage Compensation of ₹3.80 lakh to the GPCB. This payment was made in accordance with the regulatory requirements and demonstrates the company's commitment to environmental compliance.

The company has confirmed that it does not foresee any material impact on its financials, operations, or other activities due to this development. This assessment is supported by the company's strong financial position, which shows robust growth across key metrics.

Operational Resumption and Financial Strength

Following the revocation of closure directions, Black Rose Industries has resumed operations at the Bharuch plant with immediate effect. The company is operating in accordance with applicable laws and conditions prescribed by the GPCB.

The company's balance sheet reflects a strong financial foundation with significant asset growth and healthy equity position, providing adequate resources to handle regulatory compliance requirements.

Regulatory Compliance and Future Outlook

This development highlights Black Rose Industries' proactive approach to addressing environmental concerns and maintaining regulatory compliance. The three-month relief period provides the company with adequate time to implement any additional environmental safeguards as required by the GPCB.

The successful resolution of the closure order issue, combined with the company's strong financial metrics, positions Black Rose Industries favorably for continued operations in the chemical manufacturing sector. The company's ability to quickly address regulatory concerns while maintaining operational efficiency demonstrates its commitment to sustainable business practices.