Xpro India Limited has received a credit rating update from India Ratings and Research Pvt. Ltd., with the rating agency taking specific actions on the company's bank loan facilities. The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Rating Actions Overview

India Ratings and Research Pvt. Ltd. has taken comprehensive rating actions covering the company's banking facilities. The rating agency has both assigned new ratings and affirmed existing ones, reflecting their assessment of Xpro India's creditworthiness.

The rating actions cover a total banking facility exposure of ₹195.00 crores, with the IND A-/Stable/IND A1 rating being consistently applied across both new assignments and existing affirmations.

Rating Significance

The IND A-/Stable/IND A1 rating represents India Ratings' assessment of the company's credit quality. The 'A-' rating indicates adequate credit quality with moderate credit risk, while the 'Stable' outlook suggests that the rating is likely to remain unchanged over the medium term. The IND A1 component typically relates to short-term debt instruments, indicating strong capacity for timely payment of short-term financial commitments.

Regulatory Compliance

The rating disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates listed companies to inform stock exchanges about material events and information. Company Secretary Kamal Kishor Sewoda signed the communication on January 14, 2026, ensuring compliance with regulatory requirements.

The notification was simultaneously sent to both the National Stock Exchange of India Ltd. and BSE Limited, covering the company's listing obligations across both major Indian stock exchanges where Xpro India trades under the symbol XPROINDIA.

Xpro India Limited , a leading manufacturer of coextruded plastic sheets, thermoformed refrigerator components, and specialty films, has achieved a significant milestone in its expansion plans. The company has completed the installation of its new dielectric film production line at the Barjora facility in West Bengal and is now conducting wet trials as it moves closer to commercial production.

Installation Milestone Achieved

According to the company's latest disclosure to stock exchanges, the installation of equipment for the new dielectric film production line is now complete. This represents substantial progress from the previous update when the installation was described as "essentially complete." The company has successfully transitioned from dry runs to wet trials, marking a critical advancement in the commissioning process.

Final Preparations Underway

Xpro India is currently in the advanced stages of completing certain final system and software calibrations that require external vendor involvement. These calibrations are crucial for ensuring optimal performance of the production line before commercial operations begin. The wet trials currently in progress represent the final testing phase before full commissioning.

Production Timeline Update

The company has provided an updated timeline for production commencement, stating that dielectric film production is expected "well within the coming quarter, barring unforeseen circumstances." This timeline adjustment reflects the company's commitment to ensuring all systems are properly calibrated and tested before beginning commercial production.

UAE Project Progress

In addition to the Barjora facility developments, Xpro India has confirmed that its Dielectric Films project in the UAE is progressing as expected. This international expansion demonstrates the company's strategic growth initiatives beyond its domestic operations.

Management Acknowledgment

The company's management has acknowledged disappointment regarding the extension of the expected timeline, attributing delays to supplier-end factors beyond the company's direct control. This transparency reflects Xpro India's commitment to honest communication with stakeholders about project challenges and progress.

Strategic Impact

The completion of this dielectric film production line installation represents a significant enhancement to Xpro India's manufacturing capabilities. Dielectric films serve crucial roles in electronic and electrical applications, including capacitors, insulation, and specialized packaging solutions. This expansion is expected to strengthen the company's position in the specialty films market and support its long-term growth strategy.