Mawana Sugars Limited (MAWANASUG) — Announcement

· NSE 🔴 High Importance Neutral
📢 Key Event
CARE withdraws ratings as Mawana Sugars secures dual rating structure
🔄 What Changed
CARE withdrew ratings; ICRA rating retained
💡 Investor Takeaway
Shareholders should note CARE's withdrawal does not affect ICRA's stable BBB+ rating for the Rs.500 crore facility.
⚠️ Risks
Vulnerability to agro-climatic risks and government policy changes

Mawana Sugars announced that CARE Ratings withdrew its long-term and short-term bank facility ratings, retaining only ICRA's BBB+ (stable) rating for a Rs.500 crore working capital facility. The withdrawal follows the company obtaining dual ratings from CARE and ICRA, with CARE citing improved financials including reduced gearing to 0.86x and higher PBILDT margins. Liquidity remains adequate with Rs.6.10 crore cash and no near-term debt repayments.

📄 View Original Announcement (PDF)

About Mawana Sugars Limited (MAWANASUG)

Fast Moving Consumer Goods · Agricultural Food & other Products · Listed on NSE

Market Cap: ₹447.69 Cr P/E: 4.5

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

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