Mangalam Worldwide Limited has announced that Acuite Ratings & Research Limited has assigned and upgraded the company's credit ratings on its bank facilities. The ratings assigned include a Long Term Rating of 'ACUITE A-I Stable' for a Bank Loan of ₹14.00 crore and 'ACUITE A2+ I' for a Bank Loan of ₹1.00 crore. Furthermore, Acuite has upgraded the company's ratings to 'ACUITE A-I Stable' for a Bank Loan of ₹192.00 crore and 'ACUITE A2+ I' for a Bank Loan of ₹44.00 crore. The total outstanding quantum of these rated facilities is ₹251.00 crore, with no withdrawn quantum. This disclosure is made pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information is also available on the company's website.
