Mangal Electrical Industries Limited Assigned CARE A-; Stable Rating for Bank Facilities Totaling ₹133.12 Crore
CARE Ratings Limited has assigned a CARE A-; Stable rating to Mangal Electrical Industries Limited's ₹1.87 crore long-term bank facilities and CARE A-; Stable / CARE A2+ to its ₹131.25 crore long-term/short-term facilities. The total rated amount is ₹133.12 crore. The ratings are valid for one year from September 01, 2026.
A credit rating is important for a company's financial operations, particularly for accessing bank facilities. While positive, it does not represent a direct financial gain or a significant shift in business operations, hence the medium impact.
The assignment of a stable credit rating by a reputable agency like CARE Ratings is generally viewed positively by the market, indicating the company's creditworthiness.
Mangal Electrical Industries Limited (MEIL) has announced that CARE Ratings Limited has assigned credit ratings to the company's bank facilities. The Long Term Bank Facilities, amounting to ₹1.87 crore, have been assigned a rating of CARE A-; Stable. Additionally, Long Term / Short Term Bank Facilities totaling ₹131.25 crore have received ratings of CARE A-; Stable / CARE A2+. The total value of the rated facilities is ₹133.12 crore.
These ratings are valid for a period of one year from September 01, 2026, and are subject to periodic review by CARE Ratings Limited. The detailed rating letter from CARE Ratings Limited has been enclosed with the intimation. The company has also hosted this information on its website.
A plain-language summary of a public exchange filing by Mangal Electrical Industries Limited. Read the original for the full detail.