KRBL Limited has received credit rating reaffirmation from ICRA Limited for its banking facilities worth ₹2,085.00 crores. The rating agency communicated its decision through a letter dated December 12, 2025, maintaining stable ratings across various financial instruments.

Credit Rating Details

ICRA Limited has reaffirmed the ratings for KRBL's banking facilities with some modifications in facility amounts. The total rated amount has been adjusted from ₹2,719.00 crores to ₹2,085.00 crores.

Rating Significance

The reaffirmation of credit ratings demonstrates ICRA's continued confidence in KRBL's financial stability and creditworthiness. The ICRA [AA] (Stable) rating for long-term facilities indicates high credit quality with very low credit risk, while the ICRA [A1+] rating for short-term instruments reflects the highest degree of safety regarding timely payment of financial obligations.

Regulatory Compliance

KRBL Limited disclosed this information in compliance with Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company filed the disclosure on December 12, 2025, ensuring transparency with stakeholders regarding material developments affecting its credit profile.

Facility Structure

The rating reaffirmation covers a comprehensive range of banking facilities including working capital limits for operational requirements, commercial paper for short-term funding needs, and non-fund based limits for trade finance operations. The adjustment in facility amounts reflects the company's current financial requirements and strategic planning.

KRBL Limited has officially issued a postal ballot notice under Regulation 30 to obtain shareholder approval for the appointment of Mr. Sudhir Garg as an Additional Independent Non-Executive Director. The company's Board of Directors approved his appointment on December 4, 2025, for a first term of five consecutive years.

Director Appointment Details

The Board has formally initiated the postal ballot process to seek member consent for Mr. Sudhir Garg's appointment. The company has submitted the required documentation to stock exchanges including NSE and BSE, confirming compliance with regulatory requirements.

Director Profile and Qualifications

Mr. Sudhir Garg brings over 30 years of strategic administrative and financial management experience from his distinguished career as a retired civil servant from the Indian Administrative Services, Uttar Pradesh Cadre (1990 batch). He has served in key leadership positions including Additional Chief Secretary, Principal Secretary, and Commissioner across critical sectors such as Revenue, Finance, Agriculture, Public Works, Food & Civil Supplies, and Industries.

Voting Eligibility and Process

Members whose names appear in the Register of Members or List of Beneficial Owners as of Friday, December 5, 2025, will be entitled to vote on the resolution. The postal ballot notice has been dispatched electronically to eligible shareholders whose email addresses are registered with the company, RTA, or Depository Participants.

The company has appointed qualified scrutinizers to oversee the postal ballot process:

• Primary Scrutinizer: Mr. Deepak Kukreja (FCS-4140), Partner, DMK Associates
• Alternate Scrutinizer: Ms. Monika Kohli (FCS-5480), Partner, DMK Associates

Electronic Voting Timeline

KRBL Limited has established a comprehensive schedule for the postal ballot process with all voting conducted through electronic means:

Regulatory Compliance and Documentation

The postal ballot process is being conducted in compliance with Section 108 and 110 of the Companies Act, 2013, along with applicable rules and MCA circulars. The company has received all statutory declarations from Mr. Sudhir Garg, including consent to act as Director (Form DIR-2), confirmation of independence criteria, and registration with the Independent Directors databank.

The e-voting facility is provided through CDSL platform, accessible via www.evotingindia.com . Members can vote through their demat accounts maintained with NSDL/CDSL or through the CDSL e-voting system for physical shareholders. The results will be communicated to stock exchanges and displayed on the company's website along with the scrutinizer's report within the prescribed timeframe.