A+| A| A-|
Partner with us icon Partner with Us

Corporate Actions

Modern Insulators Ltd. receives reaffirmations and facility enhancements from CRISIL Ratings Limited

20-Aug-26   20:09 Hrs IST
Modern Insulators Ltd announced reaffirmations from CRISIL Ratings Limited across a range of instruments, including a Bank Loan of Rs. 165 Crore carrying a Crisil A-/Stable rating and a Crisil A2+ short-term rating, alongside a Bank Loan of Rs. 165 Crore also rated Crisil A2+. Further reaffirmations were issued for a Bank Guarantee of 34.9 Crore (Punjab National Bank), a Bank Guarantee of 8.1 Crore (Central Bank of India), Bill Discounting under Letter of Credit of 20 Crore (National Bank), Cash Credit facilities of 15 Crore (Punjab National Bank), 15.75 Crore (Central Bank of India), and 19.25 Crore (Punjab National Bank), a Letter of Credit of 6.6 Crore (Punjab National Bank), a Letter of Credit of 54 Crore (Central Bank of India), a Letter of Credit & Bank Guarantee of 55 Crore (Punjab National Bank), Packing Credit facilities of 9 Crore (Central Bank of India), 11 Crore (Punjab National Bank), a Term Loan of 14.5 Crore (Punjab National Bank), with notes indicating these are intimations of credit ratings as per SEBI regulations and an enhancement of facilities from Rs. 130 Crore; no specific rating details were provided by any agency beyond the reaffirmations and enhancements.

Attention Investors:

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month. || KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. || No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.