PAKKA LIMITED — Credit Ratings, 06-03-2026: Credit Rating- Revision

CARE Ratings downgraded Pakka Limited's Long-Term Bank Facilities to CARE BBB- (Negative outlook) from CARE BBB (Stable), and Short-Term facilities to CARE A3 from CARE A3+. This reflects Project Jagriti's cost/time overruns, pending approvals, and weaker operational performance in 9MFY26. Stabilisation of new machinery is crucial for future growth.