DCM Shriram Industries' credit ratings remain on watch with negative implications

DCM Shriram Industries Limited announced on September 27, 2025, that CARE has reviewed and retained the company's long-term and short-term bank facilities and fixed deposit programme ratings. The review was conducted in light of a proposed Scheme of Arrangement.

Specifically, the ratings for long-term bank facilities, short-term bank facilities, and fixed deposits are CARE A+ (RWN), CARE A1+ (RWN), and CARE A+ (RWN) respectively. These ratings continue to be on "Rating Watch with Negative Implications."

The announcement, dated September 27, 2025, was communicated to both BSE Ltd. and the National Stock Exchange of India Ltd.