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Meghmani Organics Limited has informed the Exchange regarding Credit Rating of material subsidiary company Meghmani Finechem Limited.

Meghmani Organics Limited has informed the Exchange regarding Credit Rating

Meghmani Organics Limited has informed the Exchange regarding Credit Rating

Meghmani Organics Limited has informed the Exchange regarding Credit Rating

Meghmani Organics Limited has informed the Exchange regarding Credit Rating

Meghmani Organics Limited has informed the Exchange that Meghmani Finechem Limited (MFL) is a material subsidiary of Meghmani Organics Limited (MOL). Meghmani Finechem Limited has been assigned Long Term Rating CRISIL A / Positive (Outlook Revised from Stable and Rating Reaffirmed) for its total bank facility of Rs. 1890 Million by CRISIL Limited (Rating Agency) vide its letter dated August 17, 2016. The Company has received the letter on September 20, 2016.

Meghmani Organics Limited has informed the Exchange regarding CRISIL Ratings to the bank facilities of the Company.

Meghmani Organics Limited has informed the Exchange that Meghmani Finechem Limited has been assigned Long Term Rating CRISIL A - / Stable (Pronounced as CRISIL A minus stable) for its total bank facility of Rs. 189 Crores by CRISIL Limited (Rating Agency) vide its letter GDS12080/146921/BLR /011600426 dated January 12, 2016. The copy of the aforesaid letter is enclosed for your ready reference and record.Meghmani Finechem Limited had long term credit rating BBB+ from CARE which has now been improved by CRISIL by assigning CRISIL A - / Stable (Pronounced as CRISIL A minus stable).Meghmani Finec

Meghmani Organics Limited has informed the Exchange that Meghmani Finechem Limited (MFL) is a subsidiary of Meghmani Organics Limited (MOL). MOL holds 57% of the Equity Shares of MFL. The credit rating agency viz., Credit Analysis & Research Limited (CARE) vide its letter dated October 06, 2014 has revised rating of Meghmani Finechem Limited (MFL) for Long Term Bank facilities from CARE BBB (triple B) to CARE BBB+ (Triple B Plus) and for Short term Bank facilities from CARE A3 + (A Three Plus) to CARE A2 (A Two).