Balkrishna Industries Credit Rating

Balkrishna Industries Partnership

Balkrishna Industries signed a framework, offtake and service agreement with Pirelli Tyre for a future 50:50 joint venture to manufacture passenger car radial tyres in India. No monetary value is disclosed.

Balkrishna Industries Other Announcement

Balkrishna Industries Ltd has filed its quarterly shareholding pattern for the period ended September 30, 2026. This is a periodic regulatory disclosure of shareholding distribution.

Balkrishna Industries Debt & Borrowing

Balkrishna Industries Limited submitted its half-yearly statement of outstanding debt securities as of 30th September, 2026, in compliance with SEBI listing regulations.

Balkrishna Industries Credit Rating

CRISIL assigned Crisil A1+ to Balkrishna Industries' proposed ₹500 Crore commercial paper programme. The rating reflects very strong safety on timely payment of obligations.

Balkrishna Industries Legal & Regulatory

Balkrishna Industries received a GST adjudication order demanding Rs. 1.05 Crore plus an equivalent penalty. The company is contesting this tax demand at the appellate level.

Value

₹2.10 Cr

From

Assistant Commissioner of CGST, Bhuj Division

Balkrishna Industries Debt & Borrowing: ₹550 Cr

Balkrishna Industries Limited approved the issuance of non-convertible debentures (NCDs) worth Rs. 550 Crore. The NCDs will be issued on a private placement basis in three series.

Value

₹550.0 Cr

GSPL Transmission Credit Rating

CARE Ratings assigned GSPL Transmission a CARE AA+ rating on bank facilities with a stable outlook. The rating cites nil debt and strong liquidity.

Meghmani Organics Credit Rating

India Ratings assigned Meghmani Organics' bank loan facilities of INR 11,000 million a rating of IND A/Stable/IND A1. The filing encloses the rating letter and a facilities breakup.

JSW Cement Credit Rating

CRISIL reaffirmed JSW Cement's long-term rating at AA-/Stable and its short-term ratings at A1+. No new borrowing or fund raise is announced.

Tejas Networks Credit Rating

ICRA reaffirmed Tejas Networks' [ICRA]A+(Stable) long-term rating and [ICRA]A1+ short-term rating. The rating covers Rs.6,000 Crore of credit facilities and a Rs.500 Crore CP programme.

HDB Financial Services Credit Rating

CARE Ratings reaffirmed HDB Financial Services' AAA rating with Stable outlook across its debt instruments. Its A1+ short-term rating was also reaffirmed.

Asian Energy Services Credit Rating

Asian Energy Services Limited disclosed that CRISIL maintained its 'Watch Developing' rating on INR 317.5 Crore of bank facilities. The watch continues pending final Ministry of Petroleum approval for the merger of its parent, Oilmax Energy.