AGI Greenpac Limited Receives Updated Credit Ratings from CARE Ratings Limited
AGI Greenpac Limited announced that credit rating agency CARE Ratings Limited has reaffirmed and upgraded its existing ratings for the company’s bank facilities as of March 30, 2026.CARE Ratings reaffirmed the long-term bank facilities at CARE AA-, Stable, and the short-term bank facilities at CARE A1+. The rating for long-term bank facilities has been upgraded from CARE A+ and removed from Rating Watch with Developing Implications. The short-term bank facilities were also reaffirmed and removed from Rating Watch with Developing Implications.
The total amount for long-term bank facilities is now 934.00 crore, reduced from 954.00 crore, while the total amount for short-term bank facilities is 300.00 crore, reduced from 280.00 crore.
The ratings consider the company's operational and financial performance for the fiscal year 2024 (audited) and the nine-month period of fiscal year 2025 (unaudited), as well as the Supreme Court ruling against AGI Greenpac Limited's resolution plan for Hindusthan National Glass & Industries Limited and subsequent rejection of bid by Committee of Creditors.
The details of the rated facilities are presented below:
Table: Details of Rated Facilities
| Facilities | Amount (₹ crore) | Rating 1 | Rating Action |
|---|---|---|---|
| Long Term Bank Facilities | 954.00 (Reduced from 1,077.00) | CARE AA- | Upgraded from CARE A+ and removed from Rating Watch with Developing Implications |
| Short Term Bank Facilities | 280.00 | CARE A1+ | Reaffirmed and removed from Rating Watch with Developing Implications |
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.