Manorama Industries Limited announced an upgrade in the credit rating for its bank loan facilities. The assessment by India Ratings and Research Private Limited resulted in the rating being upgraded to IND A+/Positive/IND AI+. This upgrade is effective as of November 06, 2026, reflecting the company’s enhanced financial standing and creditworthiness.
Credit Rating Upgrade Announced
Manorama Industries Limited has received an upgraded credit rating for its existing bank loan facilities. The announcement, dated November 07, 2026, confirms the upgrade based on an assessment conducted by India Ratings and Research Private Limited.
Details of the Rating Upgrade
The company’s bank loan facilities, with a total size of INR 4967.70 million, have been upgraded. The new rating assigned is IND A+/Positive, with the outlook also noted as Positive. This signifies an improvement in the company’s credit profile and its ability to meet financial obligations. The upgrade action is explicitly stated as Upgraded.
Further Information
The intimation of this credit rating upgrade has also been hosted on the official website of Manorama Industries Limited, accessible at https://manoramagroup.co.in/investors-company-announcements#credit_ratings.
Source: BSE
