Pursuant to Regulation 30 read with Schedule III of the Listing Regulations, please be informed that the Company has received intimation from Infomerics Valuation and Rating Limited vide ....
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Awaiting price reaction for this filing.
Manoj Ceramic Ltd has received a credit rating update from Infomerics Valuation and Rating Limited for its long-term bank facilities of Rs. 24.50 crore (Cash Credit from Union Bank of India). The rating has been reaffirmed at IVR BBB- (Triple B Minus), and the outlook has been revised from Stable to Positive. BBB- indicates a moderate degree of safety regarding timely servicing of financial obligations. The rating is valid for one year, until November 13, 2026.
The outlook upgrade to Positive signals improving confidence in the company's creditworthiness and financial performance, which is mildly positive for shareholders. However, the actual rating was reaffirmed, not upgraded, so the impact on the stock is likely limited.