Archean Chemical Industries543657Credit rating downgrade
CRISIL downgrades Archean Chemical to CRISIL A-/Stable from CRISIL A/Negative; rated bank facilities raised to Rs.1531 crore
By ScoutQuest · · 1 min read
24.5%Pledge of promoter shareholding as of June
- Long-term rating
- CRISIL A-/Stable (downgraded from CRISIL A/Negative)
- Rated bank facilities
- enhanced to Rs.1531 crore from Rs.265 crore
- Stated rationale
- lower bromine volumes, delayed ramp-up at Acume and elevated debt for the ~Rs 2,500 crore SiC semiconductor project
- Agency
- CRISIL Ratings
- Action
- Downgraded
CRISIL downgrades Archean Chemical to CRISIL A-/Stable from CRISIL A/Negative; rated bank facilities raised to Rs.1531 crore.
CRISIL A-Downgraded · CRISIL Ratings
PreviouslyCRISIL ANowCRISIL A-
Board approved ICPL-IMPL merger
Rating rationale dated
Company intimation letter
Also from Archean Chemical Industries
Board meeting on October 29 to approve unaudited results for quarter and half year ended September 30, 2026
23 Oct 2026
Promoter Chemikas Specialty LLP creates pledge of 30,000 shares as collateral for loans
15 Oct 2026
More numbers
- Total bank loan facilities rated (revised)Rs.1531 Crore
- Existing rated bank loan facilities265 (Rs. Cr)
- SiC semiconductor project cost~Rs 2,500 crore
- Cash surplus as on March 31, 2026~Rs 75 crore
- Net revenue Q1 fiscal 2027Rs 327 crore
- Operating profitability Q1 fiscal 202720.6%
- Networth as on March 31, 2026Rs 1823 crore
- Pledge of promoter shareholding as of June 202624.5%
- Working capital limitsRs 285 crore
Source: BSE · 23 Oct 2026
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