ICRA Reaffirms Credit Rating for Mawana Sugars Ltd's Working Capital Facilities
ICRA Limited has reaffirmed the credit rating for Mawana Sugars Ltd's fund based working capital facilities. The rating action covers Long Term/Short Term - Fund Based - working capital facilities amounting to Rs. 500 Crore.In a letter dated April 6, 2026, ICRA's Rating Committee communicated the rating actions for the company's instruments. The reaffirmed rating is [ICRA] BBB+ (Stable)/ [ICRA] A2.
The rating details are presented in the following table:
| Instrument | Rated Amount (Rs. crore) | Rating Action |
|---|---|---|
| Long term/Short term - Fund based - Working capital facilities | 500 | [ICRA] BBB+ (Stable)/ [ICRA]A2; reaffirmed and assigned for enhanced amount |
| Total | 500 |
The rating assigned for Fund Based -Term Loans was specifically noted in an annexure detailing bank limits rated by ICRA.
| Details of Bank Limits Rated by ICRA (Rated on Long term/Short term Scale) | Amount (Rs. crore) | Rating | Rating Assigned On |
|---|---|---|---|
| Fund Based -Term Loans | Fund Based -Term Loans | [ICRA]BBB+ (Stable)/ [ICRA]A2 | March 27, 2026 |
| The Uttar Pradesh Cooperative Bank Limited | 500.00 | [ICRA]BBB+ (Stable)/ [ICRA]A2 | March 27, 2026 |
| Total | 500.00 | [ICRA]BBB+ (Stable)/ [ICRA]A2 | March 27, 2026 |
Mawana Sugars Ltd confirmed receipt of the rating information, noting the reaffirmation of the rating for the Rs. 500 Crore facility.
MAWANASUG Stock Price Movement
Shares of Mawana Sugars Limited are edging higher to ₹102.48 as of 1:03 PM today, gaining 2.66% in live trading. The stock finds considerable buying interest, supported by a volume of 209,406 shares transacting in the market.Source:
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