Manorama Industries Limited has informed the Exchange about Credit Rating
MANORAMA · price
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Awaiting price reaction for this filing.
India Ratings & Research has upgraded the credit rating of Manorama Industries' bank loan facilities to IND A with a Positive outlook (long-term) and IND A1 (short-term). The rating action, based on a press release dated August 06, 2025, reflects improved creditworthiness. The company has also reduced its bank loan facilities to INR 3,300.2 million from the earlier INR 3,999.0 million, indicating debt repayment of about INR 698.8 million. The intimation was filed under SEBI Listing Regulations to both BSE and NSE.
Positive for shareholders — the rating upgrade signals stronger financial health and lower credit risk, while the reduction in loan facilities suggests active deleveraging, which could improve future interest costs and boost investor confidence.