BSECompany Update27 Aug 2026 · 27 Aug 2026, 03:55 pm
Intimation of Credit Rating
Milky Mist Dairy Food Ltd · 544868
✦ AI Summary▲ PositiveRating Change
Milky Mist Dairy Food Ltd has announced an upgrade in its credit rating by CRISIL to Crisil A+/Stable (Long Term) and Crisil A1 (Short Term) from Crisil A- / Positive and Crisil A2+ respectively, with a total bank loan facility rated at Rs.1747 Crore.
Analysis Scores
Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment8/10
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Full Announcement
Milky Mist Dairy Food Ltd - 544868 - Announcement under Regulation 30 (LODR)-Credit Rating
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August 27, 2026
BSE Limited National Stock Exchange of India Limited
20th Floor, P.J. Towers Exchange Plaza, C-1, Block G
Dalal Street Bandra Kurla Complex, Bandra (E)
Mumbai – 400001 Mumbai – 400 051
Scrip Code: 544868 Scrip Symbol: MILKYMIST
Dear Sir/Madam,
Subject: Intimation of Credit Rating
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 please find below the details of Credit Rating of the Company
assigned by CRISIL Ratings Limited (“CRISIL”) vide their communication dated August 27, 2026.
Total Bank Loan Facilities Rated Rs.1747 Crore
Long Term Rating Crisil A+/Stable (Upgraded from 'Crisil A- / Positive'
Short Term Rating Crisil A1 (Upgraded from 'Crisil A2+ ')
Copy of the letter received from CRISIL is enclosed herewith. The rating rationale can be
accessed on the website of the CRISIL at : crisilratings.com
The above disclosure is also being made available on the website of the Company at
www.milkymist.com.
This is for your information and records.
Thanking You,
For Milky Mist Dairy Food Limited
(formerly Known as Milky Mist Dairy Food Private Limited)
S Prakash
Company Secretary and Compliance Officer
Membership No: A22495
Encl: a/a
CONFIDENTIAL
RL/MMDFPL/402823/BLR/0826/157283
August 27, 2026
Dr. Rathnam K
Chief Executive Officer
Milky Mist Dairy Food Limited
SF.No.43/1-4
Perundurai(TK)
Erode - 638057
9909012950
Dear Dr. Rathnam K,
Re: Review of Crisil Ratings on the bank facilities of Milky Mist Dairy Food Limited
All ratings assigned by Crisil Ratings are kept under continuous surveillance and review.
Please find in the table below the ratings outstanding for the debt instruments/facilities of the company, and the rating
actions by Crisil Ratings on the ratings as on date.
Total Bank Loan Facilities Rated Rs.1747 Crore
Long Term Rating Crisil A+/Stable (Upgraded from 'Crisil A-/Positive')
Short Term Rating Crisil A1 (Upgraded from 'Crisil A2+')
(Bank-wise details as per Annexure 1)
As per our Rating Agreement, Crisil Ratings would disseminate the ratings, along with the outlook, through its
publications and other media, and keep the ratings, along with the outlook, under surveillance over the life of the
instrument/facility. Crisil Ratings reserves the right to withdraw, or revise the ratings, along with the outlook, at any time,
on the basis of new information, or unavailability of information, or other circumstances which Crisil Ratings believes
may have an impact on the ratings. Please visit www.crisilratings.com and search with the name of the rated entity to
access the latest rating/s.
In the event of the company not availing the proposed facilities within a period of 180 days from the date of this letter, a
fresh letter of revalidation from Crisil Ratings will be necessary.
Crisil Ratings products / activities or ratings of instruments other than securities that are listed or proposed to be listed may
fall under the purview of financial sector regulators (FSRs) other than SEBI. In respect of such products / activities or
ratings (under the purview of other FSRs such as Reserve Bank of India (RBI), Ministry of Corporate Affairs (MCA),
Insurance Regulatory and Development Authority of India (IRDAI), among others), the grievance / dispute redressal and
investor protection mechanisms available under SEBI regulations shall not be applicable. A list of products/activities or
ratings of instruments falling under the purview of various FSRs along with the names of respective FSRs has been duly
disclosed by Crisil Ratings on its website.
A link to the same has been provided below for ready reference:
https://www.crisilratings.com/en/home/our-business/ratings/regulatory-disclosures/list-of-activities-instruments-and-
names-of-regulators.html
This letter will remain valid till March 31, 2027. After this date, please insist for a new rating letter (dated later than March
31, 2027).
Should you require any clarification, please feel free to get in touch with us.
With warm regards,
Yours sincerely,
Disclaimer: A rating by Crisil Ratings reflects Crisil Ratings’ current opinion on the likelihood of timely payment of the obligations under the rated instrument, and does
not constitute an audit of the rated entity by Crisil Ratings. Our ratings are based on information provided by the issuer or obtained by Crisil Ratings from sources it
considers reliable. Crisil Ratings does not guarantee the completeness or accuracy of the information on which the rating is based. A rating by Crisil Ratings is not a
recommendation to buy / sell or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. Crisil Ratings has a practice of
keeping all its ratings under surveillance and ratings are revised as and when circumstances so warrant. Crisil Ratings is not responsible for any errors and especially
states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of its ratings. Crisil Ratings’ criteria are available without charge to
the public on the web site, www.crisilratings.com. Crisil Ratings or its associates may have other commercial transactions with the company/entity. For the latest rating
information on any instrument of any company rated by Crisil Ratings, please visit www.crisilratings.com or contact Customer Service Helpdesk at
Crisilratingdesk@crisil.com or at 1800-267-3850
Sajesh Kv Nivedita Shibu
Associate Director - Crisil Ratings Director - Crisil Ratings
Annexure 1 - Bank-wise details of various facility classes (outstanding facilities)
Amount (Rs.
S.No. Bank Facility Bank Outstanding Rating
in Crore)
1 Cash Credit Indian Overseas Bank 64 Crisil A+/Stable
2 Cash Credit RBL Bank Limited 10 Crisil A+/Stable
3 Cash Credit Union Bank of India 22 Crisil A+/Stable
4 Cash Credit State Bank of India 38 Crisil A+/Stable
5 Cash Credit Indian Bank 66 Crisil A+/Stable
6 Cash Credit Axis Bank Limited 40 Crisil A+/Stable
7 Cash Credit The Federal Bank Limited 25 Crisil A+/Stable
8 Long Term Loan Indian Bank 170.17 Crisil A+/Stable
9 Long Term Loan Axis Bank Limited 38.29 Crisil A+/Stable
10 Long Term Loan State Bank of India 272.69 Crisil A+/Stable
11 Long Term Loan RBL Bank Limited 180.38 Crisil A+/Stable
12 Long Term Loan YES Bank Limited 140 Crisil A+/Stable
13 Long Term Loan Indian Overseas Bank 89.85 Crisil A+/Stable
14 Long Term Loan The Federal Bank Limited 74.34 Crisil A+/Stable
15 Long Term Loan Union Bank of India 46.28 Crisil A+/Stable
16 Long Term Loan Bank of Maharashtra 84.64 Crisil A+/Stable
17 Non-Fund Based Limit Indian Overseas Bank 7.36 Crisil A1
Proposed Fund-Based Bank
18 -- 378 Crisil A+/Stable
Limits
Total 1747
Disclaimer: A rating by Crisil Ratings reflects Crisil Ratings’ current opinion on the likelihood of timely payment of the obligations under the rated instrument, and does
not constitute an audit of the rated entity by Crisil Ratings. Our ratings are based on information provided by the issuer or obtained by Crisil Ratings from sources it
considers reliable. Crisil Ratings does not guarantee the completeness or accuracy of the information on which the rating is based. A rating by Crisil Ratings is not a
recommendation to buy / sell or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. Crisil Ratings has a practice of
keeping all its ratings under surveillance and ratings are revised as and when circumstances so warrant. Crisil Ratings is not responsible for any errors and especially
states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of its ratings. Crisil Ratings’ criteria are available without charge to
the public on the web site, www.crisilratings.com. Crisil Ratings or its associates may have other commercial transactions with the company/entity. For the latest rating
information on any instrument of any company rated by Crisil
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