Chembond Material Technologies downgraded by CRISIL on demerger

Chembond Material Technologies Limited (BSE: CHEMBOND) announced that CRISIL, the credit rating agency, has downgraded its credit ratings due to the demerger of its Water technologies and Construction chemical business. The downgrade follows approval of the Scheme of Arrangement by the National Company Law Tribunal, Mumbai Bench. Specifically, the long-term rating has been downgraded to 'CRISIL BBB/Stable' from 'CRISIL BBB+', and the short-term rating has been downgraded to 'CRISIL A3+' from 'CRISIL A2'. The company's total bank loan facilities rated amount to INR 12 Crore. The company formally known as Chembond Chemicals Limited made the announcement on July 2, 2025, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.