Mukand Limited has informed the Exchange about Credit Rating
MUKANDLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mukand Limited has informed the exchanges that CRISIL Ratings has reaffirmed its credit ratings on the company's bank facilities and debt instruments as on August 14, 2025. The long-term rating of CRISIL BBB+/Stable has been reaffirmed on Cash Credit (Rs. 0.1 Crore), Working Capital Term Loan (Rs. 1,400 Crore), and Fixed Deposits (Rs. 75 Crore). The short-term rating of CRISIL A2 has been reaffirmed on Bank Guarantee facilities (Rs. 184.9 Crore). Total bank loan facilities rated stand at Rs. 1,585 Crore, all with Citi Bank. The rating letters remain valid until March 31, 2026.
This is a neutral-to-mildly-positive signal for shareholders. The reaffirmation of BBB+/Stable ratings means CRISIL sees no change in Mukand's creditworthiness or default risk, suggesting stable financial health. There is no upgrade or downgrade, so the stock is unlikely to see any meaningful reaction purely from this announcement.