Tirupati Starch & Chemicals Ltd — Important, 25-02-2026: Company Update

Tirupati Starch & Chemicals Limited's long-term credit rating for its Rs. 140 Cr bank facilities has been reaffirmed at 'ACUITE BBB' by Acuité Ratings & Research. However, the outlook has been revised from 'Stable' to 'Negative'. This revision reflects a weakening operating and financial risk profile, including lower profitability and weak coverage indicators during the first nine months of the fiscal year, primarily due to debt-funded capital expenditure. The reaffirmation acknowledges its established operational track record and experienced management in the maize-processing segment, though concerns remain regarding its financial profile and vulnerability to raw material price volatility.