Company Update

Milkfood Limited has announced a credit rating update from Infomerics Valuation and Rating Ltd. The company's long-term and short-term bank facilities rating has been re-affirmed at 'IVR BB+/Stable'. Significantly, the rating outlook has been revised from 'Negative' to 'Stable', indicating improved confidence in the company's financial stability.

This positive shift in outlook comes as the total rated bank loan facilities were adjusted to Rs. 95.01 Crore, a reduction from Rs. 100.00 Crore.

This development signals a stronger financial footing for Milkfood, which is positive for stakeholders.