Bombay Super Hybrid Seeds Limited has informed the Exchange about Credit Rating
BSHSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CARE Ratings has downgraded Bombay Super Hybrid Seeds Limited's credit ratings on its bank facilities worth a total of Rs. 125 crore. The long-term bank facilities of Rs. 20 crore were downgraded from CARE BBB; Stable to CARE BBB-; Stable, and the combined long-term/short-term facilities of Rs. 105 crore were downgraded from CARE BBB; Stable / CARE A3+ to CARE BBB-; Stable / CARE A3. Both ratings were simultaneously placed in the 'Issuer Not Cooperating' category because the company did not provide adequate information despite repeated requests from the rating agency between January and March 2026. The company has since withdrawn its ratings from CARE Ratings Limited. The downgraded facilities include cash credit limits from ICICI Bank (Rs. 20 crore), Yes Bank (Rs. 50 crore), IndusInd Bank (Rs. 35 crore), and a proposed facility of Rs. 20 crore.
This is a negative signal for shareholders and lenders. The downgrade from BBB to BBB- and from A3+ to A3 reflects weakened credit quality, and the 'Issuer Not Cooperating' tag typically signals governance and transparency concerns. While the company has since withdrawn from CARE Ratings, lenders and investors may factor in the lack of cooperation, which could affect future borrowing costs and investor confidence in the stock.