Indobell insulations Limited has received a credit rating of IAR-SME 2 from Infomerics Analytics and Research Private Limited, indicating high creditworthiness among small and medium enterprises. The company announced this development to BSE Limited on 19th February 2026 through a regulatory filing.

Credit Rating Details

The IAR-SME 2 rating signifies that Indobell Insulations Limited's creditworthiness level, when assessed relative to other SMEs, is classified as high. This rating provides stakeholders with an independent assessment of the company's financial stability and credit profile.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Sanjay Agarwal signed the communication to BSE Limited, ensuring compliance with listing regulations.

About the Rating Agency

Infomerics Analytics and Research Private Limited (IARPL) is a wholly owned subsidiary of Infomerics Valuation and Rating Private Limited, which is both SEBI registered and RBI accredited as a credit rating agency. The rating certificate was issued under the authority of CEO Mohit Rana.

Company Operations

Indobell Insulations Limited operates from multiple locations across India. The company maintains its registered office at 88C, Lake View Road, Kolkata, with its corporate office located at 20/1A, Lake View Road, Kolkata. The company has manufacturing facilities in the Eastern Region at D-195, Trenching Ground Road, Kolkata, and in the Western Region at Plot No. 18, Gala No. 2 & 3, Dewan & Sons Industrial Estate, Vevoor, Palghar.

Indobell insulations Limited has secured a substantial domestic order worth Rs 1,23,76,119.91 from Goa Shipyard Limited under the Ministry of Defence. The order was obtained through the Government e-Marketplace (GeM) platform and involves thermal insulation services for exhaust pipes fittings and main engine exhaust systems.

Order Details and Specifications

The contract encompasses comprehensive thermal insulation and service work for exhaust pipes fittings related to main engine exhaust systems. The company disclosed this development in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance and Disclosure

The company has confirmed that this order does not involve any related party transactions and has been awarded at arm's length. Additionally, the promoter group has no interest in the entity that awarded the contract, ensuring complete transparency in the business arrangement.

Strategic Significance

This order reinforces Indobell Insulations Limited's position in the defence sector supply chain, particularly in specialized thermal insulation services. The contract duration extending to December 2027 provides the company with a multi-year revenue stream from this defence sector engagement.

The successful procurement through GeM demonstrates the company's capability to compete effectively in government tenders and its compliance with digital procurement processes mandated for government contracts.