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Mangalam Drugs And Organics Limited — Credit Ratings, 03-02-2026: Credit Rating- New
03-02-2026 | 05:30 pm
03-02-2026 | 05:30 pm
Crisil Ratings downgraded Mangalam Drugs & Organics' bank facilities worth Rs. 115 Cr to 'Crisil D / Crisil D Issuer Not Cooperating' from 'Crisil BB+/Stable / Crisil A4+'. This severe downgrade stems from the company overdrawing cash credit for over 30 days and defaulting on Covid loans, based on banker feedback.
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