As per attachment
DWARKESH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ICRA Limited has downgraded the credit ratings of Dwarikesh Sugar Industries Limited. The long-term rating for bank facilities totaling Rs. 600 crore has been lowered from [ICRA]AA- to [ICRA]A+ with a Stable outlook (previously Negative). The short-term rating for the Rs. 300 crore Commercial Paper programme has been downgraded from [ICRA]A1+ to [ICRA]A1. The rating actions were taken following ICRA's periodic monitoring linked to Q4FY2026/FY2026 results. The downgrade reflects deteriorating creditworthiness and affects the company's borrowing costs and financial flexibility.
The downgrade signals increased credit risk, which may lead to higher borrowing costs and tighter lending terms. Existing bondholders and shareholders should monitor the company's debt servicing ability and cash flow position.