Modison Limited Receives Credit Rating Reaffirmation and New Facility Ratings from CARE
CARE Ratings has reaffirmed Modison Limited's existing credit ratings and assigned new ratings to additional banking facilities. The company's long-term facilities with HDFC Bank Limited, rated CARE A- (Stable), were enhanced from ₹90.00 crores to ₹115.00 crores. Short-term facilities of ₹17.50 crores with HDFC Bank maintained a CARE A1 rating. New long-term/short-term facilities of ₹25.00 crores with CitiBank were assigned CARE A- (Stable)/CARE A1 ratings. The total rated facilities now amount to ₹157.50 crores, providing Modison with increased financial flexibility.

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Modison Limited announced that CARE Ratings Limited has reaffirmed its existing credit ratings while also assigning ratings to new banking facilities. The rating actions were communicated through CARE's letter dated December 23, 2025, following a review of the company's operational and financial performance.
Credit Rating Details
CARE Ratings has taken comprehensive rating actions across Modison Limited's banking facilities with multiple lenders:
| Facility Type | Bank/Lender | Rated Amount | Rating | Action |
|---|---|---|---|---|
| Long Term Facilities | HDFC Bank Limited | ₹115.00 crores | CARE A- (Stable) | Reaffirmed |
| Short Term Facilities | HDFC Bank Limited | ₹17.50 crores | CARE A1 | Reaffirmed |
| Long Term/Short Term Bank Facilities | CitiBank | ₹25.00 crores | CARE A- (Stable)/CARE A1 | Assigned |
The reaffirmation of existing ratings demonstrates the rating agency's confidence in the company's creditworthiness and financial stability. The assignment of ratings to new CitiBank facilities indicates the company's expansion of its banking relationships and access to additional credit facilities.
Facility Structure and Enhancement
The rating review was based on recent developments including the company's operational and financial performance for FY25 (Audited) and H1 FY26 (Unaudited). Notably, the long-term facilities with HDFC Bank Limited were enhanced from ₹90.00 crores to ₹115.00 crores, representing a significant increase in the company's credit capacity.
The detailed facility breakdown includes:
HDFC Bank Limited Facilities:
- Main Limit: Cash Credit with sub-limits including WCDL of ₹115.00 crores and PSC of ₹25.00 crores
- Short-term non-fund based limits of ₹17.50 crores
CitiBank Facilities:
- Comprehensive facility structure including cash credit, bill discounting of ₹25.00 crores, PSC of ₹25.00 crores, WCDL of ₹23.00 crores, LC of ₹10.00 crores, buyers credit of ₹10.00 crores, and BG of ₹3.00 crores
Total Credit Portfolio
With these rating actions, Modison Limited's total rated facilities across all banking partners now stand at ₹157.50 crores. This diversified credit portfolio across HDFC Bank Limited and CitiBank provides the company with enhanced financial flexibility and access to various banking products and services.
The company has disclosed that the CARE rating letter and related documentation will be made available on its website at www.modisonltd.com , ensuring transparency and accessibility for stakeholders and investors.
Historical Stock Returns for Modison
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.19% | +4.75% | +7.79% | -3.71% | -7.04% | +162.17% |
































