Flomic Global Logistics Ltd Receives Crisil Rating for Bank Loan Facilities
Flomic Global Logistics Ltd announced that Crisil Ratings Limited has assigned credit ratings to the company’s bank loan facilities. The ratings were issued in a letter dated April 16, 2026.The ratings cover total bank loan facilities amounting to Rs. 45 Crore. According to the summary provided by the rating agency, the ratings are as follows:
| Category | Rating |
|---|---|
| Long Term Rating | Crisil BBB-/Stable |
| Short Term Rating | Crisil A3 |
The total bank loan facilities rated stands at Rs. 45 Crore. The rating details for the bank facilities are provided in the following breakdown, covering two specific types of credit facilities:
| Bank Facility Type | Bank | Amount (Rs. in Crore) | Rating |
|---|---|---|---|
| Cash Credit | ICICI Bank Limited | 43 | Crisil BBB-/Stable |
| Bank Guarantee | ICICI Bank Limited | 2 | Crisil A3 |
| Total | 45 |
Stock Price Movement
As of 11:23, Flomic Global Logistics Ltd is dipping, currently trading at ₹52.30, which marks a 1.10% drop for shares. Throughout the session, the stock has traded within a noticeable range, falling from a low of ₹51.60 to a high of ₹54.70.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.
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