Meghmani Organics Limited has informed the Exchange about Credit Rating
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Awaiting price reaction for this filing.
CRISIL has reviewed its ratings on Meghmani Organics' bank facilities totalling Rs. 1,094 crore as of May 6, 2025. The long-term rating has been downgraded from 'CRISIL A+/Negative' to 'CRISIL A/Stable', meaning the company's credit quality has been lowered by one notch but the outlook has improved from Negative to Stable. The short-term rating has been reaffirmed at 'CRISIL A1', indicating no concerns on near-term obligations. The downgraded long-term rating applies across cash credit, term loans, ECBs, and proposed fund-based limits from banks like SBI, HDFC, ICICI, Axis, YES Bank, DBS, IndusInd, RBL, and South Indian Bank.
Shareholders should note the one-notch downgrade in the long-term rating may lead to marginally higher borrowing costs for the company, but the outlook shift from Negative to Stable suggests CRISIL sees near-term stress easing. The reaffirmed short-term rating indicates no immediate concerns on working capital or letter of credit obligations.