Alkali Metals Limited — Credit Ratings, 06-06-2025: Credit Rating- New

ICRA has reaffirmed Alkali Metals Limited’s ratings at BB+ (Negative) for ₹18 Cr long-term fund-based facilities and A4+ for ₹7 Cr short-term non-fund-based facilities. The negative outlook highlights ongoing concerns over the company’s moderate financial risk and constrained liquidity, despite stable borrowing levels. This situation could restrict Alkali Metals’ ability to access cheaper financing and may weigh on investor confidence. The current rating stance signals potential upward pressure on borrowing costs and limited flexibility in operations going forward.