BSECompany Update2d ago · 29 Oct 2026, 08:26 pm
Please find attached intimation regarding re-affirmation/withdrawl of Credit Rating by CRISIL
Mankind Pharma Ltd · 543904
✦ AI SummaryRating Change
Mankind Pharma Ltd has announced that CRISIL has reaffirmed/withdrawn credit ratings for certain instruments, including non-convertible debentures and commercial paper. The ratings for non-convertible debentures worth ₹40 crore and ₹2,100 crore were reaffirmed, while the ratings for non-convertible debentures worth ₹2,500 crore and commercial paper worth ₹1,500 crore were withdrawn.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Mankind Pharma Ltd - 543904 - Announcement under Regulation 30 (LODR)-Credit Rating
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October 29, 2026
BSE Limited National Stock Exchange of India Limited
P J Towers, Exchange Plaza, C-1, Block G,
Dalal Street, Bandra Kurla Complex,
Mumbai – 400 001 Bandra (E), Mumbai – 400 051
Scrip Code: 543904 Symbol: MANKIND
Dear Sir/ Madam,
Subject: Intimation regarding re-affirmation/withdrawal of Credit Rating-CRISIL
Ref.: Regulation 30 & 51 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“Listing Regulations”)
Pursuant to Regulations 30 and 51 read with Schedule III of the Listing Regulations, we wish
to inform you that CRISIL Ratings Limited (“CRISIL”) vide its release dated October 29, 2026
has reaffirmed/withdrawn the credit rating for the following instruments of the Company:
Instruments Amount Rating Rating
(₹ in crore) Action
Non-Convertible Debentures 40 0 Crisil AA+/Stable Reaffirmed
Non-Convertible Debentures 2,100 Crisil AA+/Stable Reaffirmed
Non-Convertible Debentures 2,500 Crisil AA+/Stable Withdrawn
Commercial Paper 1,500 Crisil A1+ Withdrawn
The detailed rationale provided by the CRISIL can be accessed by clicking on the link: Rating
Rationale
The above information is also available on the website of the Company at
www.mankindpharma.com.
This is for your information and records.
Thanking You,
Yours Faithfully,
For Mankind Pharma Limited
Hitesh Kumar Jain
Company Secretary &
Compliance Officer