NSECredit Rating- Revision23 Oct 2026 · 23 Oct 2026, 06:34 pm
Credit Rating- Revision
IFB Industries Limited · IFBIND
✦ AI Summary▲ PositiveRating Change
IFB Industries Limited has informed the Exchange about Credit Rating- Revision, with Crisil Ratings Limited upgrading and reaffirming the ratings for Rs.50 Crore Non-Convertible Debentures, Rs.450 Crore Non-Convertible Debentures, and Rs.50 Crore Commercial Paper.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk8/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
IFB Industries Limited has informed the Exchange about Credit Rating- Revision
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IFBIND1_23102026183440_Reg_30_Cover_Letter.pdf
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23th October, 2026
The Manager The Manager
Department of Corporate Services The National Stock Exchange of India Ltd.
BSE Limited, Exchange Plaza, 5th Floor
Phiroze Jeejeebhoy Towers Plot No-C/1, G Block,
Dalal Street, Bandra Kurla Complex
Mumbai- 400001 Mumbai - 400051
NSE Symbol: IFBIND | BSE Scrip Code: 505726
Sub: Intimation of revision in Credit Rating
Dear Sir,
Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, (‘Listing Regulations’), we wish to inform that Crisil
Ratings Limited (‘CRISIL’) has upgraded and reaffirmed the ratings as detailed under:
Instrument Description Previous Rating Current Rating
Rs.50 Crore Non- Crisil AA-/Positive Crisil AA/Stable (Upgraded)
Convertible Debentures
Rs.450 Crore Non- Crisil AA-/Positive Crisil AA/Stable (Upgraded)
Convertible Debentures
Rs.50 Crore Commercial Crisil A1+ Crisil A1+(Reaffirmed)
Paper
Copy of aforesaid letter issued by the CRISIL is enclosed herewith in Annexure.
This is for your information and record.
Yours Faithfully,
For IFB INDUSTRIES LIMITED
Ritesh Agarwal
Company Secretary