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Kothari Fermentation & Biochem LtdImportant, 27-06-2026: Company Update

27-06-2026 | 02:03 pm

Kothari Fermentation and Biochem Limited announced that CRISIL Ratings has withdrawn its credit ratings for the company's bank facilities. This action stems from KFBL's full repayment of all facilities, totaling Rs. 44 Crore, that it had availed from Kotak Mahindra Bank Limited. The company submitted a No Objection Certificate, leading to the rating withdrawal. For investors, this update signifies a positive step: a substantial reduction in the company's outstanding bank debt, reinforcing financial stability by clearing these liabilities.

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