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Incorporated in 1991, Maral OverseasLtd manufactures Grey Yarn, Dyed Yarn,Knitted Fabric and Garments
CARE Ratings has reaffirmed the ratings for Maral Overseas Ltd.'s bank facilities. Long-term bank facilities are rated CARE BB+ with a Positive outlook (₹164.56 Cr). Short-term bank facilities are rated CARE A4+ (₹217.53 Cr), reflecting the company's sustained operational and financial performance.
Maral Overseas' 37th AGM successfully passed all five resolutions. Shareholders approved audited financials, re-appointed a director, and ratified cost auditor's pay. Notably, remuneration restructuring for the Chairman & MD and Joint MD also received strong shareholder assent.