Jain Irrigation reports a significant expense of INR 24 crores in FY26, resulting from the implementation of new labor codes. The company's finance cost stands at INR 183 crores, with increased raw material costs attributed to ongoing geopolitical conflicts.

Jain Irrigation's NCD rating has been downgraded to BB- Negative by ICRA due to issues with receivables, according to a recent announcement. The decision comes after necessary approvals from lenders, but it's important to note that CRISIL's rating for the company remains unaffected.