HMA Agro Industries Ltd Announces Withdrawal of Credit Rating by CRISIL Ratings Limited
HMA Agro Industries Limited has announced the withdrawal of its credit rating by CRISIL Ratings Limited. The decision follows a formal request made by the company to the rating agency in March 2026.The withdrawal was officially confirmed by CRISIL Ratings Limited in a letter dated July 16, 2026. Consequently, the credit ratings previously assigned to the company's bank loan facilities are no longer outstanding as of that date.
The withdrawn ratings were associated with total bank loan facilities amounting to Rs. 1250 Crore. The specific rating categories affected include:
| Facility Type | Original Rating | Status |
|---|---|---|
| Long Term Rating | Crisil BBB+/Stable | Withdrawn |
| Short Term Rating | Crisil A2 | Withdrawn |
The facility breakdown provided by the company includes various types of bank facilities, primarily Export Packing Credits and Fund-Based/Non-Fund Based limits. The withdrawal covers all outstanding and proposed facilities as detailed below:
| S.No. | Bank Facility | Bank | Amount (Rs. in Crore) | Status |
|---|---|---|---|---|
| 1 | Export Packing Credit | HMA Bank Limited | 160 | Withdrawn |
| 2 | Export Packing Credit | YES Bank Limited | 350 | Withdrawn |
| 3 | Export Packing Credit | State Bank of India | 510 | Withdrawn |
| 4 | Export Packing Credit | Canara Bank | 70 | Withdrawn |
| 5 | Fund-Based Facilities | State Bank of India | 20 | Withdrawn |
| 6 | Non-Fund Based Limit | State Bank of India | 19 | Withdrawn |
| 7 | Proposed Fund-Based Bank Limits | -- | 121 | Withdrawn |
| Total | 1250 |
HMAAGRO Stock Price Movement
Shares of HMA Agro Industries Limited are edging higher to ₹22.00 as of 2:56 PM today, gaining 0.32%. The stock is seeing active turnover with a volume of 100,053 shares as it finds support above its opening price.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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