Himadri Speciality Chemical receives upgraded ICRA credit rating

Himadri Speciality Chemical Ltd. informed stock exchanges on September 10, 2025, about the credit rating assigned by ICRA Limited for its various credit facilities and instruments.

ICRA has assigned an [ICRA]AA- (Positive) / [ICRA]A1+ rating with a Positive Outlook for the company's Fund Based /Non-Fund Based Working Capital of INR 1980.86 Crore. This rating is either reaffirmed or assigned for the enhanced amount.

Additionally, two Commercial Paper facilities received ratings. A Commercial Paper of INR 300.00 Crore was reaffirmed at [ICRA]A1+, while a Commercial Paper of INR 200.00 Crore was assigned an [ICRA]A1+ rating.