Halder Venture Limited has informed the Exchange about Credit Rating

Crisil Ratings has revised Halder Venture Limited's credit rating, migrating the long-term bank facility rating to 'Crisil BBB-/Stable' from the previous 'Crisil BB+/Stable (Issuer Not Cooperating)'. The short-term rating of 'Crisil A3' has also been reassigned. The action covers total bank loan facilities of Rs 387.27 crore across lenders like ICICI Bank, Bank of India, Axis Bank, SBI, and others. Crisil noted that the management has resumed sharing information, allowing a proper review. The rating reflects the company's established 60-year market presence in rice milling and edible oils, brands like Bhojmoti, Moti and Odaana, and revenue of Rs 870.88 crore in FY25 with PAT of Rs 21.11 crore. Key concerns include capex risks from a new Haldia unit (Rs 155 crore), intense competition, raw material price volatility, and a high working capital cycle of 190 days.