Exxaro Tiles Limited has announced the assignment of new credit ratings by Infomerics Valuation and Rating Limited for its banking facilities, marking an improvement in the company's credit profile. The rating agency has evaluated facilities totaling Rs. 113.97 crore across different categories.

Credit Rating Details

Infomerics Valuation and Rating Limited has assigned ratings to Exxaro Tiles' banking facilities after due consideration. The rating assignment covers both fund-based and non-fund based facilities, showing improvements across categories.

Rating Upgrade Significance

The new ratings represent an upgrade from the company's previous credit ratings assigned by CRISIL. The long-term fund-based facilities have been upgraded from CRISIL BB+/Stable to IVR BBB-/stable, indicating improved creditworthiness. Similarly, the short-term non-fund based facilities have been enhanced from CRISIL A4+ to IVR A3 rating.

Regulatory Compliance

Exxaro Tiles has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company received the rating communication on 2nd March 2026 at 02:58 PM and promptly informed both BSE Limited and National Stock Exchange of India Limited on 3rd March 2026.

Company Information

The intimation was signed by Mr. Mukeshkumar B. Patel, Managing Director of Exxaro Tiles Limited. The company operates from multiple locations including its corporate office in Ahmedabad and manufacturing units in Gujarat, maintaining its presence in the tiles manufacturing sector.

Deep Health AI India Limited has announced a substantial acquisition of shareholding in Exxaro Tiles Limited, disclosing an 8.23% stake acquisition under SEBI's regulatory framework. The acquisition represents a significant investment move by the acquirer in the tiles manufacturing sector.

Acquisition Details

The substantial acquisition involved the purchase of 3,68,37,332 equity shares of face value Rs. 1 each in Exxaro Tiles Limited. The transaction was executed through open market purchases conducted between November 19, 2025, and February 24, 2026.

Shareholding Analysis

The acquisition represents a strategic increase in Deep Health AI's position in Exxaro Tiles Limited. Prior to this transaction, the company held a smaller stake in the target company.

Regulatory Compliance

Deep Health AI India Limited has fulfilled its disclosure obligations under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company has submitted the required documentation to both the target company and the stock exchanges where Exxaro Tiles shares are listed.

Key regulatory aspects of the transaction include:

• Compliance with SEBI SAST Regulations
• Formal disclosure to BSE Limited and NSE Limited
• Notification to Exxaro Tiles Limited's compliance officer
• Confirmation that the acquirer does not belong to the promoter or promoter group

Company Information

Deep Health AI India Limited, formerly known as Deep Diamond India Limited, operates with its registered office in Mumbai, Maharashtra, and corporate office in Udaipur, Rajasthan. The company's acquisition of the substantial stake in Exxaro Tiles Limited demonstrates its investment strategy in the building materials sector.

The transaction maintains Exxaro Tiles Limited's total equity share capital at Rs. 44,74,10,700, with no changes to the overall capital structure of the target company.