Mangalam Organics Limited has announced that CRISIL Ratings Limited has reviewed and reaffirmed the credit ratings on the company's bank facilities aggregating to Rs.397 crore. The rating agency maintained both the long-term and short-term ratings with no changes, continuing the existing 'Rating Watch with Developing Implications' status.

Rating Details and Status

CRISIL has reaffirmed the company's credit ratings with the following specifications:

The ratings continue under 'Rating Watch with Developing Implications', indicating that CRISIL is monitoring developments that could potentially impact the ratings in either direction. The total bank loan facilities rated amount to Rs.397 crore, covering various types of banking arrangements across multiple financial institutions.

Bank Facility Distribution

The company's rated bank facilities are distributed across several leading banks with different facility types:

The facility mix includes cash credit arrangements totaling Rs.169.50 crore, letters of credit worth Rs.100.00 crore, term loans of Rs.39.50 crore, and a proposed long-term bank loan facility of Rs.88.00 crore.

Regulatory Compliance and Disclosure

The rating reaffirmation was communicated to both BSE Limited and The National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This disclosure follows the company's previous communication dated October 17, 2025, maintaining transparency with stakeholders regarding credit rating developments.

Rating Validity and Surveillance

CRISIL Ratings maintains continuous surveillance over all assigned ratings and reserves the right to revise ratings based on new information or changing circumstances. The current rating letter remains valid until March 31, 2027. The rating agency has specified that if the company does not avail the proposed facilities within 180 days from April 14, 2026, a fresh revalidation letter will be required.

The rating reflects CRISIL's current assessment of the likelihood of timely payment obligations under the rated instruments. Complete rating information and updates are available on CRISIL's website, and the company has also made this information accessible on its corporate website at www.mangalamorganics.com .

Mangalam organics Limited has fulfilled its quarterly regulatory obligations by submitting the compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made to both BSE Limited and The National Stock Exchange of India Limited on April 06, 2026.

Regulatory Compliance Details

The certificate was issued by MUFG Intime India Private Limited (formerly Link Intime India Private Limited), which serves as the company's registrar and share transfer agent. The compliance document confirms adherence to critical dematerialization processes during the reporting quarter.

Certificate Confirmation

The registrar's certificate confirms several key compliance aspects for the quarter ended March 31, 2026:

• Securities received for dematerialization were properly mutilated and cancelled after due verification
• Depository names were substituted in company records as registered owners within stipulated timelines
• All dematerialized securities remain listed on stock exchanges where the original securities were listed
• Security certificates received for dematerialization were confirmed or rejected within prescribed timelines

Administrative Details

The submission was signed by Charmi Shah, Company Secretary and Compliance Officer of Mangalam Organics Limited, and countersigned by Ashok Shetty, Sr. Vice President-Corporate Registry at MUFG Intime India Private Limited. This quarterly compliance certificate represents standard regulatory practice for listed companies to ensure transparency and proper handling of share dematerialization processes.

The certificate submission maintains the company's compliance status with SEBI regulations governing depositories and participants, ensuring continued adherence to securities market regulations.