BSECompany Update29 Jul 2026 · 29 Jul 2026, 02:49 pm
Pursuant to SEBI (LODR) Regulation, 2015, we hereby inform you that CRISIL Ratings Limited has reviewed its credit rating. The letter from CRISIL is attached herewith for your records.
Prima Plastics Ltd · 530589
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Prima Plastics Ltd has announced that CRISIL Ratings Limited has reviewed its credit rating, reaffirming the long-term rating of Crisil BBB+/Stable and short-term rating of Crisil A2, removing them from 'Rating Watch with Developing Implications'.
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Full Announcement
Prima Plastics Ltd - 530589 - Announcement under Regulation 30 (LODR)-Credit Rating
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July 29, 2026
BSE Limited
Lis(cid:415)ng Centre
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai – 400001
Scrip Code – 530589
Scrip Symbol – PRIMAPLA
Sub: In(cid:415)ma(cid:415)on on review of Credit Ra(cid:415)ng received from CRISIL on bank facili(cid:415)es of Prima Plas(cid:415)cs Limited
Dear Sir/ Madam,
Pursuant to Regula(cid:415)on 30(6) read with Schedule III of SEBI (Lis(cid:415)ng Obliga(cid:415)ons and Disclosure Requirements)
Regula(cid:415)ons, 2015, we hereby inform you that CRISIL Ra(cid:415)ngs Limited (“CRISIL”) vide le(cid:425)er dated July 28, 2026 has
reviewed its credit ra(cid:415)ngs on the bank facili(cid:415)es of the Company as follows:
Total Bank Loan Facili(cid:415)es Rated Rs. 60 crores
Long Term Ra(cid:415)ng Crisil BBB+/Stable (Removed from ‘Ra(cid:415)ng Watch with
Developing Implica(cid:415)ons’; Ra(cid:415)ng Reaffirmed)
Short Term Ra(cid:415)ng Crisil A2 (Removed from ‘Ra(cid:415)ng Watch with Developing
Implica(cid:415)ons’; Ra(cid:415)ng Reaffirmed)
The ra(cid:415)ng le(cid:425)er received from CRISIL is enclosed herewith.
This is for your informa(cid:415)on and records.
Yours Sincerely,
For Prima Plas(cid:415)cs Limited
Nehal Goyal
Company Secretary & Compliance Officer
M. No.: A79764
Encl: A/a
CONFIDENTIAL
RL/PRIMPLLT/397600/BLR/0726/154429
July 28, 2026
Mr. Dharmesh Sachade
Chief Financial Officer
Prima Plastics Limited
National House, Opp. Hansa Industrial Estate,
A' Building, Chandivali Junction, Saki Vihar Road,
Andheri (E)
Mumbai City - 400072
Dear Mr. Dharmesh Sachade,
Re: Review of Crisil Ratings on the bank facilities of Prima Plastics Limited
All ratings assigned by Crisil Ratings are kept under continuous surveillance and review.
Please find in the table below the ratings outstanding for the debt instruments/facilities of the company, and the rating
actions by Crisil Ratings on the ratings as on date.
Total Bank Loan Facilities Rated Rs.60 Crore
Crisil BBB+/Stable (Removed from 'Rating Watch with Developing
Long Term Rating
Implications'; Rating Reaffirmed)
Crisil A2 (Removed from 'Rating Watch with Developing Implications';
Short Term Rating
Rating Reaffirmed)
(Bank-wise details as per Annexure 1)
As per our Rating Agreement, Crisil Ratings would disseminate the ratings, along with the outlook, through its
publications and other media, and keep the ratings, along with the outlook, under surveillance over the life of the
instrument/facility. Crisil Ratings reserves the right to withdraw, or revise the ratings, along with the outlook, at any time,
on the basis of new information, or unavailability of information, or other circumstances which Crisil Ratings believes
may have an impact on the ratings. Please visit www.crisilratings.com and search with the name of the rated entity to
access the latest rating/s.
In the event of the company not availing the proposed facilities within a period of 180 days from the date of this letter, a
fresh letter of revalidation from Crisil Ratings will be necessary.
Crisil Ratings products / activities or ratings of instruments other than securities that are listed or proposed to be listed may
fall under the purview of financial sector regulators (FSRs) other than SEBI. In respect of such products / activities or
ratings (under the purview of other FSRs such as Reserve Bank of India (RBI), Ministry of Corporate Affairs (MCA),
Insurance Regulatory and Development Authority of India (IRDAI), among others), the grievance / dispute redressal and
investor protection mechanisms available under SEBI regulations shall not be applicable. A list of products/activities or
ratings of instruments falling under the purview of various FSRs along with the names of respective FSRs has been duly
disclosed by Crisil Ratings on its website.
A link to the same has been provided below for ready reference:
https://www.crisilratings.com/en/home/our-business/ratings/regulatory-disclosures/list-of-activities-instruments-and-
names-of-regulators.html
This letter will remain valid till March 31, 2027. After this date, please insist for a new rating letter (dated later than March
31, 2027).
Should you require any clarification, please feel free to get in touch with us.
Disclaimer: A rating by Crisil Ratings reflects Crisil Ratings’ current opinion on the likelihood of timely payment of the obligations under the rated instrument, and does
not constitute an audit of the rated entity by Crisil Ratings. Our ratings are based on information provided by the issuer or obtained by Crisil Ratings from sources it
considers reliable. Crisil Ratings does not guarantee the completeness or accuracy of the information on which the rating is based. A rating by Crisil Ratings is not a
recommendation to buy / sell or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. Crisil Ratings has a practice of
keeping all its ratings under surveillance and ratings are revised as and when circumstances so warrant. Crisil Ratings is not responsible for any errors and especially
states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of its ratings. Crisil Ratings’ criteria are available without charge to
the public on the web site, www.crisilratings.com. Crisil Ratings or its associates may have other commercial transactions with the company/entity. For the latest rating
information on any instrument of any company rated by Crisil Ratings, please visit www.crisilratings.com or contact Customer Service Helpdesk at
Crisilratingdesk@crisil.com or at 1800-267-3850
With warm regards,
Yours sincerely,
Rushabh Pramod Borkar Nivedita Shibu
Associate Director - Crisil Ratings Director - Crisil Ratings
Annexure 1 - Bank-wise details of various facility classes (outstanding facilities)
Amount (Rs.
S.No. Bank Facility Bank Outstanding Rating
in Crore)
Kotak Mahindra Bank
1 Cash Credit 18.5 Crisil BBB+/Stable
Limited
Kotak Mahindra Bank
2 Non-Fund Based Limit 3.5 Crisil A2
Limited
Kotak Mahindra Bank
3 Term Loan 18 Crisil BBB+/Stable
Limited
4 Working Capital Facility Axis Bank Limited 20 Crisil BBB+/Stable
Total 60
Disclaimer: A rating by Crisil Ratings reflects Crisil Ratings’ current opinion on the likelihood of timely payment of the obligations under the rated instrument, and does
not constitute an audit of the rated entity by Crisil Ratings. Our ratings are based on information provided by the issuer or obtained by Crisil Ratings from sources it
considers reliable. Crisil Ratings does not guarantee the completeness or accuracy of the information on which the rating is based. A rating by Crisil Ratings is not a
recommendation to buy / sell or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. Crisil Ratings has a practice of
keeping all its ratings under surveillance and ratings are revised as and when circumstances so warrant. Crisil Ratings is not responsible for any errors and especially
states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of its ratings. Crisil Ratings’ criteria are available without charge to
the public on the web site, www.crisilratings.com. Crisil Ratings or its associates may have other commercial transactions with the company/entity. For the latest rating
information on any instrument of any company rated by Crisil Ratings, please visit www.crisilratings.com or contact Customer Service Helpdesk at
Crisilratingdesk@crisil.com or at 1800-267-3850
Annexure: List of instruments and names of regulators of the instruments
As required by SEBI CRA Circular dated Feb 10, 2026, a list of activities or instruments falling under the purview of various FSRs, along with the names of
respective FSRs, is being disclosed below:
A. Rating activities
Sr. No. Instrument / activity Name Regulator of the instruments
1 Listed/Proposed to be listed bonds/debentures/preference share (all securities) SEBI
2 Unlist
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