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Credit Rating: Reflecting Financial Stability and Market Confidence

For the financial year, our credit ratings underscore the company’s strong financial fundamentals, disciplined risk management, and robust capital structure. The ratings, assigned by accredited agencies, reaffirm market confidence in our ability to meet financial obligations and sustain long-term growth. These evaluations not only enhance our credibility with investors and stakeholders but also guide strategic financial planning with transparency and accountability.

Rating Rationale by Brickworks dated September 29, 2026

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Rating Rationale by Brickworks dated August 07, 2026

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CRISIL Credit Rating Rationale dated June 09, 2026

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CRISIL Credit Rating Rationale dated September 25, 2025

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CRISIL Credit Rating Rationale – 06.06.2025

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CRISILCreditRatingRationale-24.12.2024

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ICRACreditRatingLetter-17.02.2025

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Credit rating CRISIL 28 February 2024

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Credit Rating rational -1st March 2023

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Credit Rating CRISIL Long term principal protected market linked Debentures dated March 02 2023

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Credit Rating CRISIL NCD dated March 02 2023

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Credit Rating CRISIL Fixed Deposit dated March 02 2023

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Credit Rating CRISIL Commercial Paper dated March 02 2023

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Credit Rating CRISIL Bank facilities dated March 02 2023

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Credit Rating CRISIL NCD dated March 01 2023

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Credit Rating Revised

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Credit Rating CRISIL 03-03-2022

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Credit Rating CRISIL March 18, 2021

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