Maithan Alloys' long-term credit outlook revised to negative by Crisil

Maithan Alloys Limited announced on September 27, 2025, that Crisil Ratings reaffirmed its 'CRISIL A1+' rating for short-term bank facilities. However, the credit rating for its long-term bank facilities has been revised from 'CRISIL AA/Stable' to 'CRISIL AA/Negative', as per Crisil's letter dated September 26, 2025.

The total bank loan facilities rated amount to INR 600 Crore. The negative outlook indicates a potential for a downgrade if circumstances warrant, though the rating itself for long-term facilities remains 'CRISIL AA'.

The company confirmed that the updated rating will remain valid until March 31, 2026. This information was submitted to stock exchanges in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.