Dhampur Bio Organics Limited — Credit Ratings, 20-01-2026: Credit Rating- Revision

CARE Ratings has downgraded Dhampur Bio Organics' Long Term Bank Facilities to CARE BBB+ (Stable) from CARE A- (Stable) and Short Term Bank Facilities to CARE A2 from CARE A2+. This reflects continued subdued operational performance in FY25 and H1FY26 due to low recovery rates from red rot infestation, impacting cash accruals and increasing working capital dependence. Commercial paper ratings were withdrawn.