Balkrishna Industries Limited (BKT) has received confirmation of its long-term credit rating for its proposed Non-Convertible Debentures (NCDs). CARE Ratings Limited has assigned a rating of CARE AA+; Stable for the NCD issue aggregating Rs. 750.00 Crore. The NCDs carry a tenure of five years, with scheduled repayments beginning at the end of the third year.
Credit Rating Confirmation for Debenture Issue
Balkrishna Industries Limited has officially disclosed the outcome of its recent credit rating review concerning its proposed long-term debt instrument. Pursuant to regulatory requirements, CARE Ratings Limited communicated the rating assignment via a letter dated March 2, 2026.
Rating Details Confirmed
The rating committee of CARE Ratings Limited has officially assigned the following rating for the planned issuance:
- Instrument: Non Convertible Debentures (NCDs)
- Amount: Rs. 750.00 Crore
- Rating Assigned: CARE AA+; Stable
The tenure associated with these proposed Non-Convertible Debentures is five years, with defined repayment obligations scheduled for the end of the third, fourth, and fifth years of issuance.
Compliance and Next Steps
BKT confirmed that this rating information will be made publicly available on the company’s official website. The rating agency stipulated that BKT must seek revalidation if the proposed NCD issue is not completed within six months from the initial rating communication date, which is set as August 26, 2026. Furthermore, any change in the size or terms of the issue necessitates prompt revalidation of the rating.
Source: BSE
