Mangalam Organics Ltd

📢 Mangalam Organics’ Credit Ratings Revised: Key Bank Facilities Under Watch

- Total bank facilities rated: ₹397 Crore

- Long-Term Rating: 'CRISIL BBB+/Watch Developing'

- Short-Term Rating: 'CRISIL A2/Watch Developing'

- Ratings remain on 'Watch with Developing Implications'

- Key facilities:

• Cash Credit: ₹22 Cr (Saraswat Bank), ₹50 Cr (HDFC), ₹75 Cr (Axis)

• Letter of Credit: ₹50 Cr (Axis), ₹55 Cr (Saraswat), ₹100 Cr (HDFC)

• Term Loan: ₹45 Cr (HDFC)

- Rating validity: Until March 31, 2026

- Full details on company & CRISIL websites