Greenpanel Industries Limited has informed the Exchange about Credit Rating- Revision
GREENPANEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CARE Ratings has reviewed Greenpanel Industries' credit ratings for bank facilities totalling Rs. 220 crore. The long-term rating of CARE A+ and short-term rating of CARE A1+ have been reaffirmed on the Rs. 140 crore facility (enhanced from Rs. 125 crore), but the outlook has been revised from 'Stable' to 'Negative'. Additionally, a new long-term facility of Rs. 80 crore has been assigned a rating of CARE A+ with a Negative outlook. The review is based on the company's FY25 audited and Q1FY26 unaudited performance. The letter also corrects a previous communication error that had stated total facilities as Rs. 120 crore instead of the correct Rs. 220 crore.
The outlook change to Negative is a warning signal that CARE sees potential pressure on the company's credit profile, which could lead to a future rating downgrade, higher borrowing costs, and negative sentiment among lenders and investors.