Tega Industries Limited — Credit Ratings, 15-05-2026: Credit Rating- Revision

Crisil Ratings has downgraded Tega Industries Limited's (TIL) Bank Loan facilities. The long-term rating is now 'Crisil A+/Stable' (from 'Crisil AA-') and short-term 'Crisil A1' (from 'Crisil A1+'), removed from 'Watch Developing'. This reflects expected moderation in TIL's financial risk profile due to increased leverage post-Molycop acquisition. However, the acquisition strengthens TIL's business profile, making it a global leader in mining consumables.