Man Industries (India) Limited — Credit Ratings, 02-06-2026: Credit Rating

CRISIL Ratings has upgraded Man Industries' long-term rating for bank facilities to CRISIL A+/Stable from CRISIL A/Stable. Its short-term rating is reaffirmed at CRISIL A1. This upgrade reflects an improved business risk profile post-NPC acquisition, better operating performance, enhanced geographic diversification, and continued healthy financial strength.