Bank ratings reaffirmed; proposed Rs 75 crore NCD gets BBB+
MVKAGRO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Infomerics reaffirmed IVR BBB+/Stable for Rs 257 crore of bank loans and A2 for short-term borrowing. It also assigned BBB+/Stable to a proposed Rs 75 crore non-convertible debenture. FY26 operating income rose to Rs 339.22 crore from Rs 155.80 crore, and interest coverage improved to 5.49 times from 2.51 times. Sugar price swings, policy changes, weather and inventory remain risks.
Stable ratings ease funding concerns. The proposed debenture adds funding and repayment duties, implying a neutral stock impact.