CARE Ratings downgrades Nova Agritech to CARE BBB, outlook Negative

What happened

Nova Agritech (NOVAAGRI) told the exchanges on 12 October 2026 at 06:27 PM that CARE Ratings has downgraded its credit rating to CARE BBB with a negative outlook.

From the filing: "CARE Ratings Limited has reaffirmed the rating of long - term credit facilities at CARE BBB and revised the outlook from ' CARE BBB Negative ' to ' CARE BBB - Stable ' for both Nova Agritech Limited and its M aterial S ubsidiary ."

Company snapshot

Nova Agritech is a micro-cap company, with a market value of about ₹203 crore.

The stock last traded at ₹21.94, against a 52-week range of ₹18.12–₹51.99 (57.8% below the high).

Before this filing the shares had moved −5.1% over the month and −5.1% over three months. Average daily turnover over the last 20 sessions was about ₹0.1 crore.

Promoters held 59.41% at the end of Q1 FY27. Foreign institutions owned 0.00% and domestic institutions 1.08%.

What history shows

BCEIE has no earlier credit rating filing from this company on record since May 2026.

Market-wide, 1,260 credit rating filings with an impact score of 50 or more saw an average next-day move of +0.1%, with 47% rising.

Past reactions describe what happened before; they are not a forecast.

What to watch

• Any change in borrowing costs, covenants or further rating actions.

In the news

Recent coverage elsewhere (links open the original publisher):

• Nova Agritech (NOVAAGRI) Share/Stock Price Live, NSE — TechGraph, 8 Oct 2026
• NOVA AGRITECH LIMITED Share Price — Upstox, 9 Oct 2026
• Nova Agritech (NOVAAGRI.NS) Trades Flat at ₹21.94, Sitting Precisely at Midpoint of Its Range - RSI Overbought Alerts — https://www.siam.in/, 12 Oct 2026
• Nova Agritech (NSE:NOVAAGRI): What Does Its Q2 FY27 Reg 74(5) Certificate Mean? — Kalkine India, 7 Oct 2026
• Nova Agritech reports non-applicability of SEBI Regulation 74(5) for Q2 FY2026 — TipRanks, 7 Oct 2026

Source

• Exchange filing (PDF)