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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Manaksia Steels Ltd

Manaksia Steels Gets Credit Ratings: Rs. 60 Cr Long-Term, Rs. 440 Cr Short-Term

RATING ▲ Positive Development LOW RISK
📅 Filed on BSE: 18 Jun 2026, 04:04 PM IST  ·  BSE ID: eb29deb7-1ccf-4bfe-97a6-e33d28ae587e
View Original BSE Filing (PDF)
💡
In Simple Terms
The company secured investment-grade credit ratings for its bank loans from a leading agency.
🤖 AI Summary
  • Manaksia Steels received credit ratings for bank facilities totaling Rs. 500.00 Crores.
  • ICRA assigned '[ICRA] A (Stable)' to Rs. 60.00 Crores long-term working capital limits.
  • ICRA assigned '[ICRA] A1' to Rs. 440.00 Crores short-term non-fund based facilities.
  • Ratings were assigned on June 16, 2026, and are valid for surveillance within one year.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Long term-Fund Based - working capital limits
60.00 Rs. Crores
Short Term-Non Fund Based-Others
440.00 Rs. Crores
Total Rated Amount
500.00 Rs. Crores
🏢 How This Affects the Company
📈
Business Impact
The assigned ratings may facilitate more favorable terms for the company's working capital and non-fund based borrowing requirements.
💰
Financial Impact
Improved credit ratings can potentially lower borrowing costs and enhance the company's access to credit markets.
⚠️
Risk Impact
The ratings indicate ICRA's assessment of the company's capacity to meet its financial obligations, reducing perceived credit risk.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders. The rating is an assessment of the company's debt facilities.
👤
Who Is Affected
Shareholders are indirectly affected as improved credit ratings can contribute to financial stability and operational efficiency.
🔍
Management Signal
Management has proactively sought and obtained credit ratings for its bank facilities, demonstrating transparency regarding its debt obligations.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
ICRA surveillance report within one year for rating updates.
Company's debt servicing performance against rated facilities.
Any announcements on new or revised credit lines from lenders.
LOW RISK The filing is a routine credit rating assignment, carrying low inherent risk.
💡 Investor Takeaway
Manaksia Steels secured an '[ICRA] A (Stable)' rating for Rs. 60.00 Crores long-term facilities and '[ICRA] A1' for Rs. 440.00 Crores short-term facilities, indicating creditworthiness.
⚖️ Strengths & Concerns

✅ Positives

  • Assigned '[ICRA] A (Stable)' rating to Rs. 60.00 Crores long-term working capital limits.
  • Assigned '[ICRA] A1' rating to Rs. 440.00 Crores short-term non-fund based facilities.
❓ Frequently Asked Questions
What credit ratings did ICRA assign to Manaksia Steels Limited?
ICRA assigned '[ICRA] A (Stable)' to the long-term fund-based working capital limits and '[ICRA] A1' to the short-term non-fund based facilities.
What is the amount of Manaksia Steels' rated working capital limits?
The long-term fund-based working capital limits rated by ICRA amount to Rs. 60.00 Crores.
What is the value of Manaksia Steels' rated short-term non-fund based facilities?
The short-term non-fund based facilities rated by ICRA are valued at Rs. 440.00 Crores.
When were the credit ratings assigned to Manaksia Steels Limited?
The credit ratings were assigned by ICRA on June 16, 2026.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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