CRISIL Reaffirms Ratings on Meghmani Organics Ltd's Bank Facilities
Meghmani Organics Ltd (MOL) has received a rating review from CRISIL Ratings Limited regarding the bank facilities of the company. The ratings were reviewed and communicated via a letter dated April 28, 2026.According to the review, the company's total bank loan facilities rated amount to Rs. 1094 Crore. The rating actions by CRISIL Ratings reaffirmed the company's status in both the long-term and short-term tranches.
Key Rating Summary
The review provided the following ratings for the company's debt instruments/facilities:| Facility Type | Rating | Action/Outlook |
|---|---|---|
| Long Term Rating | Crisil A/Negative | Rating Reaffirmed (Outlook revised from 'Stable') |
| Short Term Rating | Crisil A1 | Reaffirmed |
Detailed Bank Facilities and Ratings
The company's total of Rs. 1094 Crore in bank loan facilities is segmented across various banks and types of credit instruments.The detailed breakdown of the bank facilities and their corresponding outstanding ratings is as follows:
| S.No. | Bank Facility | Bank | Amount (Rs. in Crore) | Outstanding Rating |
|---|---|---|---|---|
| 1 | Cash Credit | State Bank of India | 250 | Crisil A/Negative |
| 2 | Cash Credit | Axis Bank Limited | 50 | Crisil A/Negative |
| 3 | Cash Credit | ICICI Bank Limited | 115 | Crisil A/Negative |
| 4 | Cash Credit | YES Bank Limited | 60 | Crisil A/Negative |
| 5 | Cash Credit | DBS Bank Limited | 65 | Crisil A/Negative |
| 6 | Cash Credit | HDFC Bank Limited | 70 | Crisil A/Negative |
| 7 | Fund-Based Facilities | RBL Bank Limited | 70 | Crisil A/Negative |
| 8 | Fund-Based Facilities | IndusInd Bank Limited | 10 | Crisil A/Negative |
| 9 | Letter of credit & Bank Guarantee | Axis Bank Limited | 20 | Crisil A1 |
| 10 | Letter of credit & Bank Guarantee | IndusInd Bank Limited | 80 | Crisil A1 |
| 11 | Letter of credit & Bank Guarantee | ICICI Bank Limited | 50 | Crisil A1 |
| 12 | Letter of credit & Bank Guarantee | HDFC Bank Limited | 25 | Crisil A1 |
| 13 | Letter of credit & Bank Guarantee | DBS Bank Limited | 5 | Crisil A1 |
| 14 | Letter of credit & Bank Guarantee | State Bank of India | 50 | Crisil A1 |
| 15 | Proposed Fund-Based Bank Limits | -- | 40.6 | Crisil A/Negative |
| 16 | Proposed Term Loan | -- | 35 | Crisil A/Negative |
| 17 | Rupee Term Loan | RBL Bank Limited | 15.9 | Crisil A/Negative |
| 18 | Rupee Term Loan | IndusInd Bank Limited | 45 | Crisil A/Negative |
| 19 | Rupee Term Loan | Axis Bank Limited | 37.5 | Crisil A/Negative |
| TOTAL | Total | 1094 |
Note: Annexure 1 provides bank-wise details for the various facility classes.
MOL Stock Price Movement
As of 2:47 PM, Meghmani Organics Limited shares are slipping by 1.42% in live trading, currently trading at ₹52.23. The stock is showing significant intraday selling, having traded 275,954 shares today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.