India Pesticides’ credit ratings reaffirmed by CARE after financial review

On October 1, 2025, India Pesticides Limited (IPL) informed stock exchanges that CARE Ratings Limited reaffirmed its credit ratings for the company's bank facilities. The decision, communicated via a letter dated September 30, 2025, follows a review of IPL's operational and financial performance for FY25 (audited) and Q1FY26 (unaudited).

The reaffirmed ratings include "CARE A+; Stable/ CARE A1+" for its Long Term / Short Term Bank Facilities totaling INR 80.00 crore, and "CARE A1+" for its Short Term Bank Facilities, also amounting to INR 80.00 crore. These ratings indicate a strong capacity for timely payment of financial obligations.

The total facilities rated by CARE Ratings Limited for India Pesticides Limited amount to INR 160.00 crore. This includes INR 80.00 crore in Non-Fund Based Limits for Short Term Facilities, distributed among Bank of India (INR 40.00 crore), State Bank of India (INR 25.00 crore), and HDFC Bank Ltd. (INR 15.00 crore). Additionally, INR 80.00 crore in Fund Based Limits for Long Term / Short Term Facilities are allocated to Bank of India (INR 35.00 crore), State Bank of India (INR 25.00 crore), and HDFC Bank Ltd. (INR 20.00 crore).