Butterfly Gandhimathi Appliances Limited has received reaffirmation of its credit ratings from CRISIL Ratings Limited on January 27, 2026. The company disclosed this development under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Credit Rating Details

CRISIL has reaffirmed both long-term and short-term credit ratings for the company's bank facilities. The rating agency maintained its assessment of the company's creditworthiness across different facility types.

Facility-wise Rating Breakdown

The reaffirmed ratings cover both long-term and short-term bank loan facilities with specific amounts and ratings for each category.

Facility Amount Changes

Both facility amounts have been reduced from the previous level of Rs. 225 crores to Rs. 100 crore each. This represents a significant reduction in the total facility size while maintaining the same credit rating levels.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 and other applicable provisions of the Securities and Exchange Board of India Listing Regulations, 2015. Company Secretary and Compliance Officer Jayant Barde signed the regulatory filing on January 27, 2026.

The reaffirmation of credit ratings indicates CRISIL's continued confidence in the company's financial strength and ability to meet its debt obligations across both long-term and short-term facilities.

Butterfly Gandhimathi Appliances Limited has announced the resignation of Mr. Shantanu Khosla from its Board of Directors, effective December 31, 2025. The disclosure was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Director Resignation Details

Mr. Shantanu Khosla, who served as Non-Executive, Non-Independent Director with DIN 00059877, submitted his resignation on December 09, 2025. His departure is directly linked to the conclusion of his tenure on the Board of Crompton Greaves Consumer Electricals Limited, the holding company of Butterfly Gandhimathi Appliances.

Background and Reasons

Khosla was appointed as the authorized representative of Crompton Greaves Consumer Electricals Limited on the Board of Butterfly Gandhimathi Appliances. His tenure on Crompton's Board concluded on December 31, 2025, necessitating his resignation from the subsidiary's Board as well.

The company has confirmed that there are no material reasons for the resignation other than the end of his tenure at the holding company. In his resignation letter, Khosla expressed gratitude to the Board of Directors and Management for their support during his tenure.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 read along with sub-para 7C of Para A of Part A of Schedule III of SEBI LODR. The company provided the complete resignation letter from Mr. Khosla as part of its disclosure to the stock exchanges.

Company Information

Butterfly Gandhimathi Appliances Limited operates in the consumer durables sector and is listed on both BSE and NSE. The company maintains its registered office in Kelambakkam, Tamil Nadu, and corporate office in Navalur, with Jayant Barde serving as Company Secretary and Compliance Officer.