Pursuant to the provision of Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations , 2015, it is hereby informed that the ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Maiden Forgings Limited received a credit rating of 'Crisil BBB/Stable (Reaffirmed)' from Crisil Ratings Limited on April 1, 2026. The rating covers total bank loan facilities of Rs. 42.5 crore, split between Axis Bank (Rs. 16.5 crore Cash Credit) and Bank of Baroda (Rs. 26 crore Cash Credit). The rating was reaffirmed, meaning it remains unchanged from the prior assessment. The company stated that promoters are committed to upgrading the rating from BBB to an 'A' rated category within the next five years. Crisil BBB is an investment-grade rating, indicating adequate safety for debt repayment.
The reaffirmation at BBB/Stable is a stable signal for existing lenders and investors, showing the company continues to meet its debt obligations. The promoters' five-year upgrade target suggests improving financial health ahead.