Sigachi Industries Limited — Credit Ratings, 25-02-2026: Credit Rating- Revision

CARE Ratings has downgraded Sigachi Industries' long-term bank facilities and Non-Convertible Debentures to CARE BBB (RWN), and long/short-term facilities to CARE BBB/A3 (RWN), from their previous BBB+/A3+ ratings. This downgrade reflects a sharp decline in profitability, Q3FY26 net loss, elevated costs, liquidity pressures due to delayed insurance claims, and reduced promoter shareholding. The ratings remain on Rating Watch with Negative Implications.