BSECompany Update23 Oct 2026 · 23 Oct 2026, 06:35 pm

Intimation of revision in Credit Rating

IFB Industries Ltd · 505726

✦ AI Summary▲ PositiveRating Change

IFB Industries Ltd has informed that Crisil Ratings Limited has upgraded and reaffirmed the ratings of its convertible debentures and commercial paper.

Analysis Scores

Earnings Impact2/10

Growth Catalyst1/10

Governance Concern1/10

Regulatory Risk1/10

Balance Sheet Risk1/10

Liquidity Impact8/10

Market Sentiment6/10

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Full Announcement

IFB Industries Ltd - 505726 - Announcement under Regulation 30 (LODR)-Credit Rating

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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