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 key player in the polymer processing industry, has announced the completion of a significant share allotment by its subsidiary, marking another milestone in the company's capital expansion strategy following its mixed Q2 performance.

Subsidiary Share Allotment Details

On December 12, 2025, Xpro Dielectric Films FZ-LLC (XDF), a subsidiary of Xpro India, successfully allotted shares to OASIS II Investment Holding Limited. The transaction details are as follows:

OASIS II Investment Holding Limited is a special purpose vehicle established as a private company limited by shares, incorporated under the laws of Abu Dhabi Global Markets.

Ownership Structure Post-Allotment

Following the share allotment, Xpro India continues to maintain majority control of its subsidiary:

Previous Financial Performance Context

This development comes after Xpro India reported mixed results for the second quarter, where the company faced challenges from foreign exchange fluctuations. The earlier quarterly results showed:

Strategic Capital Initiatives

This subsidiary funding represents part of Xpro India's broader capital strengthening strategy. During the previous quarter, the company had also issued 1,170,000 equity shares at a premium of ₹965 per share to various investors, demonstrating continued investor confidence despite operational challenges.

Regulatory Compliance

The share allotment was completed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following receipt of all necessary regulatory and other approvals. This transaction builds upon the tripartite agreement previously approved by the Board for XDF's fundraising activities.

The successful completion of this transaction strengthens XDF's financial position while maintaining Xpro India's controlling stake, supporting the group's expansion plans in the dielectric films segment.