India Ratings revises Laxmi Organic outlook to 'negative'

Laxmi Organic Industries Ltd. announced on December 24, 2025, that India Ratings and Research Private Limited has revised the outlook on the company's bank loan facilities from 'Stable' to 'Negative'. This update was communicated by India Ratings on December 23, 2025.

Despite the change in outlook, India Ratings reaffirmed the existing rating for Laxmi Organic's bank loan facilities at 'IND AA/Negative/IND A1+'. Furthermore, the 'IND A1+' rating for the company's commercial paper was also reaffirmed.

The company has provided a link for stakeholders to access the key rationales behind these rating decisions, ensuring transparency regarding India Ratings' assessment.