Laxmi Organic Industries Limited — Credit Ratings, 02-03-2026: Credit Rating

CRISIL Ratings has downgraded Laxmi Organic Industries' long-term bank facilities to 'Crisil AA-/Negative' from 'Crisil AA/Negative'. This reflects a steeper than anticipated decline in revenue and profitability, with future performance expected below estimates. Short-term bank facilities and commercial paper ratings were reaffirmed at 'Crisil A1+'. The overall outlook remains Negative due to moderating operating efficiency.