Metal coatings (India) Limited announced that Acuite Ratings & Research Limited has reaffirmed the company's credit ratings on January 22, 2026. The rating agency maintained both long-term and short-term credit ratings for the company's bank loan facilities, demonstrating continued confidence in the company's creditworthiness.

Credit Rating Details

The reaffirmed ratings cover the company's total bank loan facilities worth ₹15.00 crores. The rating structure reflects a comprehensive assessment of the company's financial position and repayment capacity across different facility types.

Facility Breakdown

The rated facilities are provided by HSBC and comprise two distinct components. The secured overdraft facility accounts for the larger portion of the company's rated borrowings, while the bank guarantee facility provides short-term financial flexibility.

Rating Validity and Surveillance

The rating letter issued on January 22, 2026, will expire on October 26, 2026, with the annual fee remaining valid until the same date. Acuite Ratings reserves the right to revise the ratings based on new information or changing circumstances that may impact the company's credit profile.

The rating agency will re-issue the rating letter on October 27, 2026, subject to receipt of the applicable surveillance fee. Under SEBI regulations and the rating agreement terms, Metal Coatings (India) Limited is required to furnish a 'No Default Statement' on the first working day of every month.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Shimpy Goyal, Company Secretary & Compliance Officer, and submitted to BSE Limited for the scrip with code 531810.

Metal Coatings (India) Limited , a company listed on the Bombay Stock Exchange (BSE: 531810), has announced a significant change in its key managerial personnel structure. The Board of Directors has appointed Mrs. Shimpy Goyal as the new Company Secretary, Compliance Officer, and Nodal Officer, effective December 2, 2025. This strategic move is expected to bolster the company's corporate governance and regulatory compliance framework.

Key Appointment Details

Mrs. Shimpy Goyal brings over eight years of experience in corporate secretarial functions and regulatory compliance to her new role. Her appointment is crucial for the company's ongoing commitment to maintaining strong corporate governance practices and ensuring adherence to regulatory requirements.

Roles and Responsibilities

As per the company's announcement, Mrs. Goyal will assume the following positions:

1. Company Secretary
2. Compliance Officer (Key Managerial Personnel)
3. Nodal Officer

These roles are vital for ensuring smooth corporate operations, managing board and shareholder meetings, and liaising with regulatory authorities.

Professional Background

Mrs. Goyal's expertise includes:

• Handling end-to-end ROC and SEBI compliances
• Drafting and vetting corporate documents
• Managing board and shareholder meetings
• Ensuring statutory adherence
• Working on governance frameworks and disclosure requirements
• Implementing compliance management systems

Her extensive experience is expected to contribute significantly to Metal Coatings (India) Limited's compliance culture and corporate operations.

Company's Financial Position

While this appointment primarily affects the company's governance structure, it's worth noting Metal Coatings (India) Limited's recent financial position. Based on the latest available balance sheet data as of March 2025:

The company has shown growth in its asset base and shareholders' capital, indicating a stable financial foundation as it strengthens its corporate governance team.

Implications for Stakeholders

This appointment signifies Metal Coatings (India) Limited's commitment to:

1. Enhancing its compliance framework
2. Improving corporate governance practices
3. Ensuring better coordination with regulatory bodies
4. Potentially streamlining internal processes and statutory adherence

Shareholders and investors can view this move as a positive step towards more robust corporate governance, which is crucial for long-term sustainability and regulatory compliance in the dynamic Indian corporate landscape.

As Metal Coatings (India) Limited continues to grow, with its total assets increasing by 11.09% year-over-year, the addition of an experienced Company Secretary and Compliance Officer is timely. This strategic appointment may help the company navigate regulatory challenges more effectively and maintain transparency in its operations.