Credit rating agency, Credit Analysis & Research (CARE) has revised rating of Meghmani Finechem (MFL) for long term bank facilities from ‘BBB’ to ‘BBB+’ and for short term bank facilities from ‘A3 +’ to ‘A2’.
Meghmani Finechem (MFL) is a subsidiary of Meghmani Organics (MOL). MOL holds 57% of equity shares of MFL.
Meghmani Organics is a leading manufacturer of pigment and pesticide products in the country and is the recipient of several prestigious awards in recognition of its outstanding business performance.