HPAL NSE filing

HP Adhesives Limited's ₹37.96 Crore Bank Facility Rating Reaffirmed by CARE Ratings

The RealCase readLow impact Neutral

HP Adhesives Limited's ₹37.96 crore Long Term / Short Term Bank Facilities have been reaffirmed with a CARE BBB / CARE A3+ (RWN) rating by CARE Ratings. The company's Long Term Bank Facilities of ₹0.00 have been withdrawn.

Why it matters

Credit rating affirmations are standard disclosures and typically have a limited immediate impact on the company's stock unless there is a significant change in the rating itself or the outlook.

The market read

The announcement is a routine credit rating update and does not contain any significant positive or negative financial performance indicators or future outlook changes beyond the rating itself.

HP Adhesives Limited has announced that CARE Ratings Limited has reviewed and reaffirmed the credit rating for the company's Long Term / Short Term Bank Facilities worth ₹37.96 crore. The reaffirmed rating is CARE BBB / CARE A3+ (RWN).

Additionally, the Long Term Bank Facilities amounting to ₹0.00 have been withdrawn. This information was communicated via a press release from CARE Ratings dated 29th January 2026. The company has also uploaded this information on its website, www.hpadhesives.com.

The announcement was made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Chairperson and Executive Director, Anjana Haresh Motwani (DIN: 02650184), provided the necessary authorization for this disclosure.

Filing to action

What to do with a filing like this

HP Adhesives Limited filed this with the NSE as a statutory disclosure, categorised under credit ratings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.

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Primary source

A plain-language summary of a public exchange filing by HP Adhesives Limited. Read the original for the full detail.

View original filing