Megastar Foods receives CARE BBB- upgrade with stable outlook

Megastar Foods Limited announced a revision in its credit ratings by CARE Ratings Limited, with the company's long-term bank facilities upgraded to CARE BBB- (Stable) from CARE BB+ (Stable). This upgrade reflects the company's operational and financial performance for FY25 and H1FY26.

The long-term bank facilities, totaling INR 61.29 crore, now carry the CARE BBB- rating with a stable outlook. Additionally, long-term/short-term bank facilities amounting to INR 173.00 crore were upgraded to CARE BBB- (Stable) / CARE A3 from CARE BB+ (Stable) / CARE A4+. A new rating of CARE BBB- (Stable) / CARE A3 was assigned to long-term/short-term bank facilities worth INR 6.71 crore. The total rated facilities amount to INR 241.00 crore.

This announcement follows an intimation under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. Megastar Foods requested that the information be taken on record by both the BSE Limited and the National Stock Exchange of India Limited.