Nova Agritech Limited — Credit Ratings, 23-02-2026: Credit Rating- Revision

CARE Ratings reaffirmed Nova Agritech's (along with its subsidiary) Long Term Bank Facilities (totaling over ₹51 Crore) at CARE BBB. The outlook is revised from Stable to Negative. This shift is due to lower-than-expected Q3FY26 performance from a government regulatory stay on bio-stimulants (30% revenue impact) and tight liquidity stemming from high receivables.