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Sigachi Industries Limited — Credit Ratings, 26-12-2025: Credit Rating- Revision
26-12-2025 | 12:24 pm
26-12-2025 | 12:24 pm
CARE Ratings downgraded Sigachi Industries' long-term bank facilities from CARE A- to CARE BBB+ and long/short-term facilities from CARE A-/A2 to CARE BBB+/A3+. It assigned CARE BBB+ to ₹125 Cr Non-Convertible Debentures. All ratings remain on 'Rating Watch with Negative Implications' due to the operational and financial impact from the June 2025 Hyderabad fire, affecting capacity and profitability, along with increased leverage.
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