Manaksia Steels Limited (MANAKSTEEL) — Announcement

· NSE 🔴 High Importance Neutral
📢 Key Event
ICRA assigns A and A1 ratings to Manaksia Steels' bank facilities
💡 Investor Takeaway
The stable ratings indicate no downgrade risk, supporting confidence in the company's short-term liquidity and medium-term borrowing capacity.

Manaksia Steels Limited announced that ICRA has assigned a stable A rating to its ₹60 crore long-term working capital facilities and an A1 rating to its ₹440 crore short-term non-fund-based facilities, reflecting unchanged credit quality and no new rating actions beyond the initial assignment.

📄 View Original Announcement (PDF)

About Manaksia Steels Limited (MANAKSTEEL)

Metals & Mining · Ferrous Metals · Listed on NSE

Market Cap: ₹495.63 Cr P/E: 51.8

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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