PICCADILPiccadily Agro Industries Ltd
CRISIL assigns A+/Stable to Piccadily Agro Industries’ ₹400 crore of bank facilities
- Credit rating
- Agriculture
Piccadily Agro Industries Limited has told the exchanges that Crisil Ratings, in a letter dated 14 Oct 2026, has assigned ratings of Crisil A+/Stable for its long-term bank facilities and Crisil A1 for its short-term bank facilities, which total ₹400 crore. The company made the disclosure on 14 Oct 2026 under Regulation 30(6) of the SEBI listing rules.
The filing presents this as a revision of the company’s ratings, an upgrade from the earlier ratings of IVR A/Stable and IVR A1 from Infomerics Valuation and Rating Private Limited on ₹402.73 crore of facilities. The rating letter from Crisil is attached as an annexure.
Inference
The filing shows the company now carrying a rating from a different agency, Crisil, at a higher level than the earlier Infomerics rating. The amount rated is slightly smaller, at ₹400 crore against ₹402.73 crore.
The reasons for the rating are in the Crisil rating rationale attached to the filing, not in the company’s covering letter.
Reference: Original filing (PDF)
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