BSECompany Update5h ago · 25 Sept 2026, 01:48 pm
Pyramid Technoplast Limited has informed the Exchange about Credit Rating.
Pyramid Technoplast Ltd · 543969
✦ AI SummaryRating Change
Pyramid Technoplast Ltd has received long-term and short-term credit ratings from Acuité Ratings, affirming its creditworthiness.
Analysis Scores
Earnings Impact2/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment6/10
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Full Announcement
Pyramid Technoplast Ltd - 543969 - Announcement under Regulation 30 (LODR)-Credit Rating
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SEC: 51/2026-27 Date: September 25, 2026
National Stock Exchange of India Ltd. BSE Limited
Exchange Plaza, 5th Floor, 1st Floor, New Trading Ring,
Plot No. C/1, G Block, Rotunda Bldg., P. J. Towers,
Bandra- Kurla Complex, Dalal Street, Fort,
Bandra (East), Mumbai – 400 051 Mumbai 400 001
Symbol: PYRAMID Scrip Code: 543969
Through: NEAPS Through: BSE Listing Centre
Dear Sir/Madam,
Sub: Acuité Ratings affirms Pyramid Technoplast Limited’s Credit Rating.
Re.: Intimation under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015
This is to inform that the Company has received long-term rating and short-term rating from Acuite
Ratings on September 25, 2026. The Credit Rating Letter is enclosed herewith.
You are requested to take the same on your record.
Thanking you,
Yours faithfully,
For Pyramid Technoplast Limited,
Jaiprakash Agarwal
Whole-time Director & CFO
DIN: 01490093
Rating Letter - Intimation of Rating Action Scan this QR Code to verify
authenticity of this rating
Letter Issued on: September 25, 2026
Letter Expires on: November 10, 2027
Annual Fee valid till: November 10, 2027
PYRAMID TECHNOPLAST LIMITED (ERSTWHILE PYRAMID TECHNOPLAST
PRIVATE LIMITED)
2nd Floor, Shah Trade Center,
Rani Sati Marg, Malad East,
Mumbai 400097,
Maharashtra
Kind Attn.: Mr. Bijay Kumar Agarwal, Director (Tel. No.9320074281)
Sir,
Sub.: Rating(s) Assigned and Reaffirmed - Bank Loans of PYRAMID TECHNOPLAST LIMITED (ERSTWHILE
PYRAMID TECHNOPLAST PRIVATE LIMITED)
Please note that the current rating(s) and outlook, instrument details, and latest rating action for
the aforementioned instrument are as under:
Quantum (Rs. Cr) Long Term
Product Short Term Rating Regulated By
(Other FSR) Rating
ACUITE A- |
Bank Loan Ratings 97.10 Stable | - RBI
Assigned
ACUITE A- |
Bank Loan Ratings 77.40 Stable | - RBI
Reaffirmed
ACUITE A2+ |
Bank Loan Ratings 22.50 - RBI
Assigned
ACUITE A2+ |
Bank Loan Ratings 38.00 - RBI
Reaffirmed
Total Outstanding
235.00 - - -
Quantum (Rs. Cr)
Note: For activities or ratings of instruments falling under the purview of Financial Sector Regulators other than SEBI, the
grievance / dispute redressal mechanisms and investor protection mechanisms provided by SEBI shall not be available.
Acuité reserves the right to revise the rating(s), along with the outlook, at any time, on the basis of
new information, or other circumstances which Acuité believes may have an impact on the rating
(s). Such revisions, if any, would be appropriately disseminated by Acuité as required under prevailing
SEBI guidelines and Acuité’s policies.
This letter will expire on November 10, 2027 or on the day when Acuité takes the next rating action,
whichever is earlier. It may be noted that the rating(s) is subject to change anytime even before
the expiry date of this letter. Hence lenders / investors are advised to visit https://www.acuite.in/
OR scan the QR code given above to confirm the current outstanding rating(s).
Acuité will re-issue this rating letter on November 11, 2027 subject to receipt of surveillance fee as
applicable. If the rating(s) is reviewed before November 10, 2027, Acuité will issue a new rating letter.
Please note that under extant SEBI regulations and as per the terms of the rating agreement, once
a rating is accepted and outstanding, the issuer is required to promptly furnish the ’No Default
Statement on the first working day of every month.
Acuité Ratings & Research Limited
SEBI Registered | RBI Accredited
708, Lodha Supremus, Lodha iThink Techno Campus, Kanjurmarg (East), Mumbai - 400042 | +919930708000 | www.acuite.in | CIN:
U74999MH2005PLC155683
Yours truly,
For Acuité Ratings & Research Limited
Antony Jose
Chief Rating Officer
Annexures: A. Details of the Rated Instrument
Rating Assigned
Listing Regulated Amt.
Lender's Name Facilities Scale (Outlook) | Rating
status By (Rs. Cr)
Action
Long- ACUITE A- |
Federal Bank Limited Cash Credit Unlisted RBI 5.70
term Stable | Reaffirmed
Long- ACUITE A- |
Federal Bank Limited Cash Credit Unlisted RBI 9.30
term Stable | Assigned
Short- ACUITE A2+ |
Federal Bank Limited Letter of Credit Unlisted RBI 11.00
term Reaffirmed
Short- ACUITE A2+ |
Federal Bank Limited Letter of Credit Unlisted RBI 14.00
term Assigned
AXIS BANK Long- ACUITE A- |
Cash Credit Unlisted RBI 13.00
LIMITED term Stable | Reaffirmed
AXIS BANK Long- ACUITE A- |
Cash Credit Unlisted RBI 15.00
LIMITED term Stable | Assigned
Long- ACUITE A- |
H D F C Bank Limited Cash Credit Unlisted RBI 35.00
term Stable | Reaffirmed
Long- ACUITE A- |
H D F C Bank Limited Cash Credit Unlisted RBI 15.00
term Stable | Assigned
AXIS BANK Short- ACUITE A2+ |
Letter of Credit Unlisted RBI 27.00
LIMITED term Reaffirmed
AXIS BANK Short- ACUITE A2+ |
Letter of Credit Unlisted RBI 5.00
LIMITED term Assigned
H D F C Bank Long- ACUITE A- |
Term Loan Unlisted RBI 23.70
Limited term Stable | Reaffirmed
AXIS BANK Bank Guarantee Short- ACUITE A2+ |
Unlisted RBI 3.50
LIMITED (BLR) term Assigned
H D F C Bank Long- ACUITE A- |
Term Loan Unlisted RBI 50.16
Limited term Stable | Assigned
Federal Bank Long- ACUITE A- |
Term Loan Unlisted RBI 7.64
Limited term Stable | Assigned
Total Facilities 235.00 -
Note: For activities or ratings of instruments falling under the purview of Financial Sector Regulators other than SEBI, the
grievance / dispute redressal mechanisms and investor protection mechanisms provided by SEBI shall not be available.
Acuité Ratings & Research Limited
SEBI Registered | RBI Accredited
708, Lodha Supremus, Lodha iThink Techno Campus, Kanjurmarg (East), Mumbai - 400042 | +919930708000 | www.acuite.in | CIN:
U74999MH2005PLC155683
List of instruments and names of regulators of the instruments
As required by SEBI Circular (SEBI/HO/DDHS/DDHS-PoD-2/I/4685/2026) dated February 10, 2026, a
list of activities or instruments falling under the purview of various Financial Sector Regulators (FSRs),
along with the names of respective FSRs, is being disclosed below:
A. Rating Activity
Regulator of the
Sr. No. Instrument / activity Name
instrument
Listed/Proposed to be listed Bonds/Debentures/Preference Shares (all
1 SEBI
securities)
Unlisted/Proposed to be unlisted Bonds/Debentures/ Preference share
2 MCA
(all securities)
Listed PTCs / Securitisation Notes (originated by entities regulated by RBI)
3 RBI
Listed PTCs / Securitisation Notes (originated by entities not regulated by
4 SEBI
RBI) ¹
Unlisted PTCs / Securitisation Notes (originated by entities regulated by
5 RBI
RBI) ¹
Listed Commercial Paper and NCDs with original maturity less than 1
6 RBI
year
Unlisted Commercial Paper and NCDs with original maturity less than 1
7 RBI
year
8 Loan Facilities (Fund/Non-Fund Based) from Bank / NBFCs/ NHB/ FIs ² RBI
9 External Commercial Borrowings and other similar borrowings RBI
10 Certificates of Deposit RBI
11a Fixed Deposits raised by NBFCs, HFCs, FIs RBI
11b Fixed Deposits raised by Banks ⁷ +
12 Fixed Deposits raised by corporates other than NBFCs, Banks, HFCs, FIs MCA
13 Inter Corporate Deposits/Loans extended by Corporates MCA
14 Borrowing Programme ³ -
15 Issuer Ratings ⁴ -
Credit Ratings for Capital Protection Oriented Schemes (by Mutal Funds
16 SEBI
and AIFs)
Credit quality ratings (CQRs) for Mutual Fund Schemes and Schemes of
17 SEBI
AIFs
18 Listed Security Receipts ⁶ RBI
19 Unlisted Security Receipts RBI
20 Independent Credit Evaluation (ICE) RBI
Expected Loss Ratings (For Loan Facilities (Fund/Non-Fund based) from
21 +
Bank/NBFCs/NHB/Fis) ⁷
Expected Loss Ratings (Listed / Proposed to be listed Bonds /
22 SEBI
Debentures / Preference Shares (all securities))
Expected Loss Ratings (Unlisted / Proposed to be unlisted Bonds/
23 MCA
Debentures / Preference Shares (all securities))
Investor-side
Unlisted PTCs / Securitisation Notes (originated by entities not regulated
24 Regulator such as
by RBI) ¹
IRDAI, PFRDA ⁵
Includes securitisation transactions involving assignee payout, acquirer's payout.
² Includes bank facilities suc
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