BSECompany Update7 Oct 2026 · 7 Oct 2026, 06:02 pm
Intimation of the Credit Ratings assigned by CARE Ratings Limited.
Novartis India Ltd · 500672
✦ AI SummaryRegulatory
Novartis India Ltd (formerly Evonile Pharma Ltd) has received credit ratings from CARE Ratings Limited for its bank facilities, with a long-term rating of CARE A and a short-term rating of CARE A2+.
Analysis Scores
Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact6/10
Market Sentiment5/10
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Full Announcement
Novartis India Ltd - 500672 - Announcement under Regulation 30 (LODR)-Credit Rating
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Evonile Pharma Limited
(formerly known as Novartis India Limited)
October 07, 2026
BSE Limited
The Secretary,
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai - 400 001.
BSE Scrip Code: 500672
Subject: Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) regarding the
New Credit Rating obtained from CARE Ratings Limited.
Dear Sir/Madam,
Pursuant to Regulation 30 read with Clause 3 of Para A of Part A of Schedule III to the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that CARE Ratings
Limited has assigned credit ratings to the Company's bank facilities on October 07, 2026.
The details of the credit ratings assigned are as follows:
Credit Rating Agency Facilities Rating Assigned
CARE Ratings Limited Long Term Bank Facilities CARE A; Stable
Long Term / Short Term CARE A; Stable / CARE A2+
Bank Facilities
The rating rationale issued by CARE Ratings Limited shall be available on its website.
The aforesaid information is also being made available on the Company's website at
www.nilpharma.co.in.
Kindly take the above information on record.
Thank you.
For Evonile Pharma Limited
(Formerly known as Novartis India Limited)
Chandni Maru
Company Secretary and Compliance Officer
M. No. A60291
Registered Office: Inspire BKC, 7th Floor, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India.
CIN: L24200MH1947PLC006104 | Tel: +91 22 50243000
Email: investor.relations@nilpharma.co.in | Website: www.nilpharma.co.in