CARE Ratings reaffirms Zodiac Energy at CARE BBB

What happened

In a filing with the BSE on 9 October 2026 at 03:15 PM, Zodiac Energy (ZODIAC) said that CARE Ratings has reaffirmed its credit rating at CARE BBB.

From the filing: "Stable Reaffirmed Long Term Bank Facilities - - Withdrawn Short Term Bank Facilities 1.50 CARE A3 + Reaffirmed Copy of Letter of Credit Rating for bank facilities issued by CARE Ratings Limited is enclosed below."

Company snapshot

Zodiac Energy is a micro-cap company, with a market value of about ₹312 crore.

The stock last traded at ₹206, against a 52-week range of ₹201.4–₹415 (50.4% below the high).

Before this filing the shares had moved −12.6% over the month and −22.2% over three months. Average daily turnover over the last 20 sessions was about ₹0.26 crore.

Promoters held 69.97% at the end of Q1 FY27; 16.93% of promoter shares were pledged. Foreign institutions owned 0.14% and domestic institutions 0.20%.

What history shows

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

Market-wide, 1,252 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

• Whether other agencies take a similar view on the company's credit.

In the news

Recent coverage elsewhere (links open the original publisher):

• Zodiac Energy Limited (NSE: ZODIAC) FY26 Final Dividend Approval and Business Overview — Kalkine India, 25 Sept 2026
• Zodiac Energy incorporates wholly owned subsidiary for solar projects — scanx.trade, 6 Oct 2026
• Zodiac Energy rises on incorporating wholly owned subsidiary — Investment Guru India, 6 Oct 2026
• Zodiac Energy files revised scrutinizer report for 34th AGM — scanx.trade, 3 Oct 2026
• Zodiac Energy NSE:ZODIAC New Subsidiary IPP-4 Incorporated — Kalkine India, 6 Oct 2026

Source

• Exchange filing (PDF)