Corporate Actions

Back

Meghmani Organics secures credit ratings from India Ratings, Crisil, and CRISIL agencies

28-Oct-26 20:17 Hrs IST

Meghmani Organics Ltd announced credit rating actions from multiple agencies, including India Ratings & Research, Crisil, and CRISIL. India Ratings & Research assigned an IND A/Stable/IND A1 rating to the company's bank loan facilities amounting to 11,000 million INR, and a rating letter to BLR, while also affirming a BBB+ rating with a stable outlook for a Long Term Bank Loan of Rs 500 Crore and upgrading the Commercial Paper to A1+. Furthermore, India Ratings reaffirmed an IND AAA rating for Bank Loan Facilities, an IND BBB+ Issuer Rating, and assigned an IND AA+ rating to the Commercial Paper Program, alongside reaffirming ratings for various fund-based and non-fund-based working capital limits ranging from 50.00 to 11150.00, and term loans from Rs 225.00 to Rs 270.00, all with an IND A/Stable/IND A1 rating except for a Term Loan of Rs 159.00 with IND A/Stable, while Crisil assigned a CRISIL BB+ rating and CRISIL reaffirmed a AAA/Stable rating for Long-Term Debt.

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.