Hot Pursuit
Mangal Electrical Industries Ltd announced credit ratings and related notifications impacting various instruments, as detailed in filings compliant with SEBI’s Listing Obligations and Disclosure Requirements. CARE Ratings Limited has assigned ratings of CARE A-; Stable to Long Term Bank Facilities amounting to Rs 1.87 crore, and CARE A-; Stable / CARE A2+ to Long Term / Short Term Bank Facilities totaling Rs 131.25 crore, both valid for one year from September 01, 2026; additionally, CARE Ratings also reported a review with a status of "ISSUER NOT COOPERATING" for Bank Facilities, based on best available information, and noted the possibility of annual surveillance/review. The company also disclosed Term Loans from the Small Industries Development Bank of India totaling Rs 1.22 crore (EMI of Rs.3.33 lakhs, Sanction Amount: Rs.3.5 crore), Rs 0.63 crore (EMI of Rs.3.11 lakhs, Sanction Amount: Rs.3 crore), and Rs 0.02 crore (EMI of Rs.0.33 lakhs, Sanction Amount: Rs.0.91 crore), along with Fund Based / Non Fund Based Limits from HDFC Bank Ltd. amounting to Rs 122.25 crore (Bank Guarantee, Sublimit towards CC/LC) and Rs 9.00 crore (Cash credit, Sublimit towards LC/BG), while CAREEdge Ratings and an unknown agency provided no specific rating information.