BSHSL's Long-Term and Short-Term Bank Facilities Downgraded by CARE Ratings
CARE Ratings Limited has downgraded Bombay Super Hybrid Seeds Limited's (BSHSL) long-term bank facilities (₹20 crore) and long-term/short-term bank facilities (₹105 crore). Both have been moved to the 'ISSUER NOT COOPERATING' category due to lack of company cooperation. BSHSL has withdrawn ratings from CARE Ratings.
A downgrade in credit ratings and being placed in the 'ISSUER NOT COOPERATING' category can impact the company's ability to access credit and may affect investor confidence, thus having a medium impact.
The credit rating for the company's bank facilities has been downgraded and moved to the 'ISSUER NOT COOPERATING' category, which is a negative development.
Bombay Super Hybrid Seeds Limited (BSHSL) has been informed by CARE Ratings Limited about a downgrade in the credit ratings for its bank facilities. The long-term bank facilities amounting to ₹20.00 crore have been downgraded from CARE BBB; Stable to CARE BBB-; Stable and moved to the 'ISSUER NOT COOPERATING' category.
Similarly, the long-term/short-term bank facilities totaling ₹105.00 crore have been downgraded from CARE BBB; Stable / CARE A3+ to CARE BBB-; Stable / CARE A3, also moving to the 'ISSUER NOT COOPERATING' category. This action is attributed to a lack of adequate cooperation from the company despite repeated requests from CARE Ratings Limited.
The company has subsequently withdrawn its ratings from CARE Ratings Limited. The rating letter from CARE Ratings Limited is dated March 24, 2026, and the disclosure to the stock exchange was made on March 25, 2026.
What to do with a filing like this
Bombay Super Hybrid Seeds Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Bombay Super Hybrid Seeds Limited. Read the original for the full detail.