Announcement under Regulation 30 (LODR) - Credit Rating
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Awaiting price reaction for this filing.
CARE Ratings (CareEdge) has reviewed PG Foils' credit rating based on its FY25 audited and Q1FY26 unaudited financial performance. The company has total bank facilities of ₹195 crore — ₹100 crore in long-term facilities from IDBI Bank (₹60 crore) and HDFC Bank (₹40 crore), and ₹95 crore in long-term/short-term non-fund based facilities split between the same two banks. Both ratings have been reaffirmed at CARE BBB+; Stable for long-term facilities and CARE BBB+; Stable / CARE A2+ for the combined long-term/short-term facilities. No change in rating, outlook, or facility limits was announced. A detailed press release from CARE is expected to follow separately.
This is a neutral event for shareholders — the reaffirmation indicates CARE Ratings sees no material change in PG Foils' credit profile or repayment ability. Investors should not expect any immediate stock price movement from this filing, though it confirms the company maintains an investment-grade rating.