PCBL Chemical Limited has received a credit rating reaffirmation from Crisil Ratings Limited on its ₹600.00 crore Non-Convertible Debentures (NCDs). The rating agency completed its review and maintained the existing credit assessment for the company's debt instruments.

Rating Details and Assessment

Crisil Ratings reaffirmed the credit rating after conducting a comprehensive review of the company's financial position and creditworthiness. The rating action was communicated through a formal letter dated January 9, 2026.

The Crisil AA rating indicates a high degree of safety regarding timely servicing of financial obligations, though it carries a negative outlook which suggests potential downward pressure on the rating in the medium term.

Regulatory Compliance and Disclosure

PCBL Chemical Limited promptly disclosed this rating reaffirmation to both major stock exchanges on January 10, 2026. The company filed the regulatory disclosure with the National Stock Exchange of India Limited and BSE Limited, ensuring full compliance with listing requirements.

The disclosure was signed by K. Mukherjee, Company Secretary and Chief Legal Officer, maintaining the company's commitment to transparent communication with stakeholders and regulatory authorities.

Company Information

PCBL Chemical Limited operates from its registered office at 31 Netaji Subhas Road, Kolkata, with corporate operations managed from RPSC House on Judges Court Road, Kolkata. The company was formerly known as PCBL Limited and continues to maintain its presence in the chemical sector with established market operations.

PCBL Chemical Limited has received a credit rating reaffirmation from CRISIL Ratings Limited for its Commercial Paper programme valued at ₹550.00 crores. The rating agency has maintained the CRISIL A1+ rating, demonstrating confidence in the company's financial strength and creditworthiness.

Rating Details and Programme Structure

CRISIL Ratings Limited conducted a comprehensive review and reaffirmed the existing rating structure for PCBL Chemical Limited's debt instruments. The rating action was communicated through an official letter bearing reference number RL/PHICARB/385677/CP/0126/137438 dated January 9, 2026.

The CRISIL A1+ rating, pronounced as "CRISIL A one plus rating," represents the highest level of safety regarding timely payment of financial obligations and carries the lowest credit risk in the short-term rating category.

Regulatory Compliance and Disclosure

PCBL Chemical Limited promptly disclosed this rating reaffirmation to both the National Stock Exchange of India Limited (NSE) and BSE Limited on January 10, 2026, ensuring compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure was signed by K. Mukherjee, Company Secretary and Chief Legal Officer, and submitted to the respective listing departments of both stock exchanges. The company trades under NSE code PCBL and BSE code 506590.

Company Background

PCBL Chemical Limited operates from its registered office located at 31 Netaji Subhas Road, Kolkata, West Bengal, while maintaining its corporate office at RPSC House, Judges Court Road, Kolkata. The company, which was formerly known as PCBL Limited, carries the Corporate Identity Number L23109WB1960PLC024602, indicating its incorporation in West Bengal in 1960.

The rating reaffirmation provides PCBL Chemical Limited with continued access to short-term funding through the Commercial Paper market, supporting its working capital requirements and operational flexibility. This development reinforces the company's position in the financial markets and validates its creditworthiness among institutional investors and lenders.