NSECredit Rating10 Jul 2026 · 10 Jul 2026, 10:00 pm

Credit Rating

Himadri Speciality Chemical Limited · HSCL

✦ AI SummaryRating Change

Himadri Speciality Chemical Limited has received a credit rating from ICRA, with its long-term rating upgraded to [ICRA]AA (Stable) from [ICRA]AA- and short-term rating reaffirmed at [ICRA]A1+.

Analysis Scores

Earnings Impact0/10
Growth Catalyst0/10
Governance Concern0/10
Regulatory Risk0/10
Balance Sheet Risk0/10
Liquidity Impact0/10
Market Sentiment5/10

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Full Announcement

Himadri Speciality Chemical Limited has informed the Exchange about Credit Rating

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HSCL_10072026220018_RatingbyICRA10072026.pdf

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Ref. No: HSCL / Stock-Ex/2026-27/39 Date: 10/07/2026 E-mail: monika@himadri.com Ref: Listing Code: 500184 Ref: Listing Code: HSCL BSE Limited National Stock Exchange of India Ltd Department of Corporate Services Exchange Plaza, C-1, Block-G P. J. Towers, 25th Floor, Bandra Kurla Complex, Dalal Street, Bandra (E) Mumbai- 400 001 Mumbai- 400 051 Sub: Rating by ICRA Dear Sir/ Madam, Pursuant to Regulation 30(2) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we inform you that the ICRA Limited, a credit rating Agency vide its’ letter dated 10 July 2026 has assigned the Credit Rating to Company’s various credit facilities and instruments as mentioned below: Facilities Amount Rating Assigned Remarks (In Crore) Fund Based /Non- 1980.86 [ICRA]AA (Stable) /[ICRA]A1+; Long term rating upgraded Fund Based from [ICRA]AA- Working Capital Outlook: Stable (Positive); Outlook revised to Stable from Positive; short term rating reaffirmed Commercial Paper 500.00 [ICRA]A1+ Reaffirmed The above information will also be available on the website of the Company at www.himadri.com This is for your information and records. Thanking you, Yours faithfully, For Himadri Speciality Chemical Ltd (Company Secretary & Compliance Officer) ACS: 29322