Pursuant to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Crisil Ratings vide its Rating Rationale dated November 25, 2025, has revised the credit rating on Company s Long Term Bank Facilities and Short Term Bank Facilities as under:Long Term Rating: Crisil A-/ Negative, Rating Action Downgraded from ' Crisil A/Negative'. For Short Term Rating: Crisil A2+, Rating Action Downgraded from ' Crisil A1 Total Bank Loan Facilities Rated: Rs. 440 crores. A copy of Crisil Rating Rationale dated November 25, 2025 is enclosed.
EVERESTIND · price
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On the reaction day the stock moved 3.8 pts more than Nifty Microcap 250 and 4.0 pts more than its Other Construction Materials peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Crisil Ratings has downgraded the credit ratings of Everest Industries Limited on its bank facilities. The long-term rating has been lowered from Crisil A/Negative to Crisil A-/Negative, while the short-term rating has been cut from Crisil A1 to Crisil A2+. The total bank loan facilities under review amount to Rs. 440 crore. Both ratings carry a negative outlook, suggesting Crisil sees risk of further downgrade if conditions worsen.
The downgrade signals weakening creditworthiness and may lead to higher borrowing costs for the company. Shareholders and lenders should watch for any deterioration in financial performance, as a negative outlook hints at potential further rating action.