HP Adhesives Limited — Credit Ratings, 30-01-2026: Credit Rating

HP Adhesives' bank facilities worth ₹37.96 Cr have been reaffirmed at CARE BBB / CARE A3+ by CARE Ratings. Importantly, the ratings are under Rating Watch Negative (RWN), indicating a potential future downgrade. This watch suggests the rating agency is reviewing factors that could lead to a lower rating. Retail investors should track developments closely.