Credit rating agency, CRISIL has upgraded rating of Meghmani Organics' long term bank facilities to 'A+/ Stable' from 'A / Positive'. The rating agency has reaffirmed 'A1' rating to the company's short term bank facilities. Moreover, CRISIL has assigned 'A1' rating to the company's Commercial Paper worth Rs 50 crore.
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.