NSECredit Rating12 Sept 2026 · 12 Sept 2026, 01:55 pm
Credit Rating
Balaji Amines Limited · BALAMINES
✦ AI SummaryRegulatory
Balaji Amines Limited has informed the Exchange about the withdrawal of credit rating assigned to the company's bank loan facilities by India Ratings and Research (Ind-Ra) due to the company's no outstanding exposure to any bank.
Analysis Scores
Earnings Impact1/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk1/10
Liquidity Impact1/10
Market Sentiment1/10
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Balaji Amines Limited has informed the Exchange about Credit Rating
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BALAMINES_12092026135535_Intimation_Signed.pdf
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Date: 12th September 2026
The General Manager-Department of The Manager-Listing Department,
Corporate Services, National Stock Exchange of India Limited,
BSE Limited, "Exchange Plaza", 5th Floor,
Phiroze Jeejeebhoy Towers, Plot No. C/1, G Block, Bandra-Kurla Complex,
Dalal Street, Mumbai - 400 001. Bandra (East), Mumbai – 400 051.
Scrip Code : 530999 Scrip Code :BALAMINES
Dear Sir/Madam,
Sub: Withdrawal of Credit Rating
Ref.: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015
We wish to inform you that India Ratings and Research (Ind-Ra) has withdrawn the rating assigned to the
Company’s bank loan facilities upon receipt of No Dues Certificates from all the bankers and the withdrawal
request submitted by the Company, as the Company does not have any outstanding exposure to any bank.
Date of Issuance Current Rating/Outlook Historical Rating/Outlook
Rating Type Rated Limits Current 13 June 14 March 2024 22 September
(INR million) Rating 2025 2023
Bank loan facilities Long- 1,950 WD IND IND -
term/Short-term AA/Negativ AA/Stable/IND
e/IND A1+ A1+
Issuer Rating Long-term - - - - WD
Note:- WD – Rating Withdrawn
This is for your information and records.
Thanking You.
Yours Faithfully,
For Balaji Amines Limited
Abhijeet Kothadiya
Company Secretary & Compliance Officer