We wish to inform you that India Research & Rating has upgraded and assigned the credit rating as mentioned in this disclosure
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Modern Insulators Ltd has received a credit rating upgrade from India Ratings & Research, effective September 8, 2025. The rating on its fund-based working capital limits of Rs. 120 crore has been raised from IND BBB/Stable to IND BBB+/Stable/IND A2. Additionally, a new IND A2 rating has been assigned to non-fund-based working capital limits of Rs. 11 crore. The upgrade signals improved confidence by the rating agency in the company's financial health and creditworthiness.
The upgrade reflects stronger financial standing and may help the company access credit at better terms. For shareholders, this is a positive signal indicating reduced credit risk and improved business outlook, which could support investor sentiment toward the stock.