Riddhi Siddhi Gluco Biols' Credit Ratings Reaffirmed by CRISIL; 'Watch Negative' Status Removed
Riddhi Siddhi Gluco Biols Ltd has received a revision of its credit ratings for the loan facilities availed, following an assessment conducted by CRISIL Ratings. The rating action confirms that the company's ratings have been reaffirmed by the agency.CRISIL Ratings revised both the Long Term and Short Term ratings for Riddhi Siddhi Gluco Biols Ltd. In a significant update, the ratings were reaffirmed by CRISIL, with the status being removed from 'Watch Negative'.
The rating changes are detailed in the following table:
| Particular | Revised Ratings | Previous Ratings | Rating Action |
|---|---|---|---|
| Long Term Rating | Crisil BBB- Negative | Crisil BBB- /Watch with Negative Implications | Ratings removed from 'Watch Negative'; Ratings Reaffirmed |
| Short Term Rating | Crisil A3 | Crisil A3 /Watch with Negative Implications | Ratings removed from 'Watch Negative'; Ratings Reaffirmed |
In connection with the rating revision, Riddhi Siddhi Gluco Biols Ltd confirmed that, as per the Rating Rationale dated June 29, 2026 issued by CRISIL Ratings, there was no downgrade in the company's ratings. The ratings were reaffirmed at Crisil BBB- for Long Term and Crisil A3 for Short Term.
Stock Price Movement
Riddhi Siddhi Gluco Biols Ltd. settled at ₹749.65 on Wednesday, having fallen 2% in trading. The shares saw a wide intraday movement, ranging between a low of ₹742.35 and a high of ₹758.90.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.
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