Indoco Remedies Limited — Credit Ratings, 25-09-2025: Credit Rating

ICRA Limited has reaffirmed and assigned credit ratings for Indoco Remedies' bank facilities totaling Rs. 1019.65 Cr. The long-term rating is [ICRA]A with a 'Negative' outlook, covering term loans and cash credit. Short-term ratings for fund-based and non-fund based limits are [ICRA]A2+. The outlook for long-term ratings remains Negative.