Exxaro Tiles Limited has disclosed receiving a force majeure communication from Sabarmati Gas Limited regarding gas supply restrictions affecting its Talod manufacturing units. The company filed this disclosure under Regulation 30 of SEBI Listing Regulations on March 11, 2026.

Force Majeure Declaration Details

Sabarmati Gas Limited has declared force majeure due to the ongoing Middle East conflict and its impact on global energy markets. The gas supplier has imposed restrictions on Daily Contracted Quantity and limitations on Non-MGO gas usage until further notice.

Operational Impact Assessment

The company has provided a detailed assessment of the expected impact through its regulatory filing. According to the disclosure, the force majeure situation may cause temporary and partial impact on production activities at the Talod units.

Mitigation Strategies

Exxaro Tiles has outlined its response strategy to address the gas supply constraints. The company is actively evaluating and implementing alternate fuel options and operational arrangements to ensure business continuity.

The management emphasized that based on current assessment, no material impact is anticipated on overall business operations. The company maintains optimum inventory levels, allowing dispatches to continue as usual despite the supply restrictions.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Managing Director Mukeshkumar B. Patel signed the communication, confirming the company's commitment to transparent stakeholder communication.

Exxaro Tiles has committed to closely monitoring the situation and providing further updates as material developments occur regarding the force majeure situation.

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.