Modi Naturals Ltd Receives Rating Upgrade for Bank Facilities from Infomerics
Modi Naturals Ltd has received an upgrade in its credit rating for bank facilities from Infomerics Valuation and Ratings. The ratings review, which took place following consideration of the company's operational and financial performance for FY25 and 9MFY26, revised the long-term and short-term ratings associated with the bank facilities.Infomerics confirmed the upgrade of both ratings for the company's bank facilities, covering a total rated amount of Rs. 65.00 Crore.
The key rating changes are detailed below:
| Facility/Instrument | Rating Type | Revised Rating / Outlook |
|---|---|---|
| Long Term Rating | Bank Facilities | IVR BBB/Stable (Rating Upgraded) |
| Short Term Rating | Bank Facilities | IVR A3+ (Rating Upgraded) |
The facilities covered by this rating include a Cash Credit facility of Rs. 55 crore and a Letter of Credit/Bank Guarantee facility of Rs. 10 crore, both provided by State Bank of India.
The revised rating for the long term facility was assigned the rating IVR BBB/Stable, indicating an upgrade from previous status. Similarly, the short term rating was upgraded to IVR A3+.
The rating is noted to be valid for a period of one year from the date of the rating committee (April 27, 2027). The rating agency also advised that the facility-wise lender names, along with the corresponding type and rated amount, are recorded in the company’s records.
MODINATUR Stock Price Movement
Shares of Modi Naturals Limited are edging higher to ₹383.95 as of 10:30 AM, rallying 3.23% in live trading today. The stock shows strong intraday movement, trading amidst a range between ₹368.9 and ₹384, supported by 9,333 shares transacted.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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