MIC Electronics secures stable credit ratings for bank facilities

MIC Electronics Limited has received credit ratings from Brickwork Ratings for its bank loan facilities, as detailed in an announcement dated November 1, 2025. The company's fund-based facilities, totaling INR 66.23 crores, including a term loan and cash credit, have been assigned a "BWR BB /Stable Assignment" rating.

Additionally, non-fund-based bank guarantees, amounting to INR 8.00 crores, received a "BWR A4 + Assignment" rating. The total value of the bank loan facilities rated by Brickwork Ratings is INR 74.23 crores. The ratings are valid for twelve months from the October 31, 2025 letter date.

The company will be subject to ongoing surveillance by Brickwork Ratings, requiring periodic submission of information, including quarterly information statements, bank statements, and financial statements. MIC Electronics has also committed to informing Brickwork Ratings of any developments that may affect its finances or performance.