BSECompany Update2d ago · 23 Sept 2026, 04:31 pm
Pursuant to Regulation 30 read with Schedule III of the Listing Regulations, please be informed that the Company has received intimation from Acuite Ratings & Research Limited vide their letter dated 22nd September, 2026 assigning the Credit Rating for Bank Facilities.
Manoj Ceramic Ltd · 544073
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Manoj Ceramic Ltd has received a credit rating of BBB from Acuite Ratings & Research Limited for its bank facilities, with a stable outlook.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment6/10
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Manoj Ceramic Ltd - 544073 - Announcement under Regulation 30 (LODR)-Credit Rating
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Date: 23rd September, 2026
The Manager- Listing Department,
BSE Limited P J Tower, Dalal
Street, Fort, Mumbai – 400001
Reference: Manoj Ceramic Ltd
BSE Code: MCPL
Scrip Code: 544073
ISIN: INE0A6N01026
Sub: Intimation regarding Credit Rating Assigned under Regulation 30 of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“SEBI Listing Regulations”), please be informed that the
Company has received intimation from Acuite Ratings & Research Limited vide their letter
dated 22nd September, 2026 assigning the Credit Rating for Bank Facilities.
The details of the same are as given below
Credit Rating Instrument/Facility Amount Rating Rating Action
Agency (Rs. In Assigned
Crore)
Acuite Ratings & Cash Credit and 50.00 ACUITE BBB | Assigned
Research Limited Proposed Long Stable |
Term Bank Facilities Assigned
Copy of the letter received from the rating agency is attached herewith.
Kindly take the same on your records.
Thanking You,
For and on Behalf of
Manoj Ceramic Limited
Dhruv Rakhasiya
Managing Director
DIN: 03256246
ANOJ
ERAMIC
CIN: L51909MH2006PLC166147
1,Krishna Kunj Building, 140 Vallabh Baugh Lane, Ghatkopar (E) Mumbai 400 077
T: -+91 22 21027500
E: info@mcplworld.com W : - www.mcplworld.com
MUMBAI PUNE THANE MORBI BANGALORE
Rating Letter - Intimation of Rating Action
Scan this QR Code to
verify authenticity of this
Letter Issued on : September 22, 2026
rating
Letter Expires on : August 10, 2027
Annual Fee valid till : August 10, 2027
MANOJ CERAMIC LIMITED
KRISHNA KUNJ, VALLABH BAUG LANE, GHATKOPAR - EAST
Mumbai 400077
MAHARASHTRA
Kind Attn.: Mr. Mr. Dhruv M rakhasiya,Managing director (Tel. No.9819557152)
Sir / Madam,
Sub.: Rating(s) Assigned - Bank Loans of MANOJ CERAMIC LIMITED
Please note that the current rating(s) and outlook, instrument details, and latest rating action for
the aforementioned instrument are as under:
Product Quantum (Rs. Cr) Long Term Rating Short Term Rating Regulated By
(Other FSR)
Bank Loan Ratings 50.00 ACUITE BBB | - RBI
Stable |
Assigned
Total Outstanding 50.00 - - -
Quantum (Rs. Cr)
(cid:49)(cid:82)(cid:87)(cid:72)(cid:29)(cid:172)(cid:3)(cid:41)(cid:82)(cid:85)(cid:3)(cid:68)(cid:70)(cid:87)(cid:76)(cid:89)(cid:76)(cid:87)(cid:76)(cid:72)(cid:86)(cid:3)(cid:82)(cid:85)(cid:3)(cid:85)(cid:68)(cid:87)(cid:76)(cid:81)(cid:74)(cid:86)(cid:3)(cid:82)(cid:73)(cid:3)(cid:76)(cid:81)(cid:86)(cid:87)(cid:85)(cid:88)(cid:80)(cid:72)(cid:81)(cid:87)(cid:86)(cid:3)(cid:73)(cid:68)(cid:79)(cid:79)(cid:76)(cid:81)(cid:74)(cid:3)(cid:88)(cid:81)(cid:71)(cid:72)(cid:85)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:83)(cid:88)(cid:85)(cid:89)(cid:76)(cid:72)(cid:90)(cid:3)(cid:82)(cid:73)(cid:3)(cid:41)(cid:76)(cid:81)(cid:68)(cid:81)(cid:70)(cid:76)(cid:68)(cid:79)(cid:3)(cid:54)(cid:72)(cid:70)(cid:87)(cid:82)(cid:85)(cid:3)(cid:53)(cid:72)(cid:74)(cid:88)(cid:79)(cid:68)(cid:87)(cid:82)(cid:85)(cid:86)(cid:3)(cid:82)(cid:87)(cid:75)(cid:72)(cid:85)(cid:3)(cid:87)(cid:75)(cid:68)(cid:81)(cid:3)(cid:54)(cid:40)(cid:37)(cid:44)(cid:15)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)
grievance / dispute redressal mechanisms and investor protection mechanisms provided by SEBI shall not be available.
(cid:36)(cid:70)(cid:88)(cid:76)(cid:87)(cid:112) reserves the right to revise the rating(s) , along with the outlook, at any time, on the basis of
new information, or other circumstances which (cid:36)(cid:70)(cid:88)(cid:76)(cid:87)(cid:112)(cid:3)believes may have an impact on the rating
(s). Such revisions, if any, would be appropriately disseminated by (cid:36)(cid:70)(cid:88)(cid:76)(cid:87)(cid:112)(cid:3)as required under
prevailing SEBI guidelines and (cid:36)(cid:70)(cid:88)(cid:76)(cid:87)(cid:112)(cid:183)s policies.
This letter will expire on August 10, 2027 or on the day when (cid:36)(cid:70)(cid:88)(cid:76)(cid:87)(cid:112)(cid:3)takes the next rating action,
whichever is earlier. It may be noted that the rating(s) is subject to change anytime even before
the expiry date of this letter. Hence lenders / investors are advised to visit https://www.acuite.in/
OR scan the QR code given above to confirm the current outstanding rating(s).
(cid:36)(cid:70)(cid:88)(cid:76)(cid:87)(cid:112) will re-issue this rating letter on August 11, 2027 subject to receipt of surveillance fee as
applicable. If the rating(s) is reviewed before August 10, 2027, (cid:36)(cid:70)(cid:88)(cid:76)(cid:87)(cid:112)(cid:3)will issue a new rating letter.
Please note that under extant SEBI regulations and as per the terms of the rating agreement, once
a rating is accepted and outstanding, the issuer is required to promptly furnish the (cid:182)No Default
Statement(cid:183)(cid:3)on the first working day of every month.
Sd/-
Chief Rating Officer
(cid:172)
This is a system generated document. No signature is required.
(cid:36)(cid:81)(cid:81)(cid:72)(cid:91)(cid:88)(cid:85)(cid:72)(cid:86)(cid:29)(cid:3)(cid:172)(cid:172)(cid:172)(cid:172)(cid:172)(cid:172)(cid:172)(cid:172)(cid:172)(cid:3)(cid:3)(cid:3)(cid:36)(cid:17)(cid:3)(cid:39)(cid:72)(cid:87)(cid:68)(cid:76)(cid:79)(cid:86)(cid:3)(cid:82)(cid:73)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:53)(cid:68)(cid:87)(cid:72)(cid:71)(cid:3)(cid:44)(cid:81)(cid:86)(cid:87)(cid:85)(cid:88)(cid:80)(cid:72)(cid:81)(cid:87)
(cid:36)(cid:70)(cid:88)(cid:76)(cid:87)(cid:112)(cid:3)(cid:53)(cid:68)(cid:87)(cid:76)(cid:81)(cid:74)(cid:86)(cid:3)(cid:9)(cid:3)(cid:53)(cid:72)(cid:86)(cid:72)(cid:68)(cid:85)(cid:70)(cid:75)(cid:3)(cid:47)(cid:76)(cid:80)(cid:76)(cid:87)(cid:72)(cid:71)
SEBI Registered | RBI Accredited
708, Lodha Supremus, Lodha iThink Techno Campus, Kanjurmarg (East), Mumbai - 400042 | +919930708000 |
www.acuite.in | CIN: U74999MH2005PLC155683
Annexure A. Details of the rated instrument
Lender's Name Facilities Listing status Regulated Scale Amt. Rating Assigned
By (Rs. Cr) (Outlook) | Rating
Action
AXIS BANK Cash Credit Unlisted RBI Long- 30.00 ACUITE BBB |
LIMITED term Stable | Assigned
Indian Bank Cash Credit Unlisted RBI Long- 14.50 ACUITE BBB |
term Stable | Assigned
Not Applicable Proposed Unlisted RBI Long- 5.50 ACUITE BBB |
Long Term term Stable | Assigned
Bank Facility
Total Facilities 50.00 -
(cid:49)(cid:82)(cid:87)(cid:72)(cid:29)(cid:172)(cid:3)(cid:41)(cid:82)(cid:85)(cid:3)(cid:68)(cid:70)(cid:87)(cid:76)(cid:89)(cid:76)(cid:87)(cid:76)(cid:72)(cid:86)(cid:3)(cid:82)(cid:85)(cid:3)(cid:85)(cid:68)(cid:87)(cid:76)(cid:81)(cid:74)(cid:86)(cid:3)(cid:82)(cid:73)(cid:3)(cid:76)(cid:81)(cid:86)(cid:87)(cid:85)(cid:88)(cid:80)(cid:72)(cid:81)(cid:87)(cid:86)(cid:3)(cid:73)(cid:68)(cid:79)(cid:79)(cid:76)(cid:81)(cid:74)(cid:3)(cid:88)(cid:81)(cid:71)(cid:72)(cid:85)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:83)(cid:88)(cid:85)(cid:89)(cid:76)(cid:72)(cid:90)(cid:3)(cid:82)(cid:73)(cid:3)(cid:41)(cid:76)(cid:81)(cid:68)(cid:81)(cid:70)(cid:76)(cid:68)(cid:79)(cid:3)(cid:54)(cid:72)(cid:70)(cid:87)(cid:82)(cid:85)(cid:3)(cid:53)(cid:72)(cid:74)(cid:88)(cid:79)(cid:68)(cid:87)(cid:82)(cid:85)(cid:86)(cid:3)(cid:82)(cid:87)(cid:75)(cid:72)(cid:85)(cid:3)(cid:87)(cid:75)(cid:68)(cid:81)(cid:3)(cid:54)(cid:40)(cid:37)(cid:44)(cid:15)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)
grievance / dispute redressal mechanisms and investor protection mechanisms provided by SEBI shall not be available.
List of instruments and names of regulators of the instruments
As required by SEBI Circular (SEBI/HO/DDHS/DDHS-PoD-2/I/4685/2026) dated February 10, 2026, a
list of activities or instruments falling under the purview of various Financial Sector Regulators (FSRs),
along with the names of respective FSRs, is being disclosed below:
A. Rating Activity
Sr. No. Instrument / activity Name Regulator of the
instrument
1 Listed/Proposed to be listed Bonds/Debentures/Preference Shares (all SEBI
securities)
2 Unlisted/Proposed to be unlisted Bonds/Debentures/ Preference share MCA
(all securities)
3 L
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