ScoutQuest7 Oct 2026
Manba Finance544262Credit rating upgrade

CARE A-; Stable assigned/upgraded from CARE BBB+; Positive on Rs.500.00 crore bank facilities and NCDs

CARE A-Upgraded · CARE Ratings Limited
PreviouslyCARE BBB+NowCARE A-
Upgraded by CARE Ratings Limited · CARE BBB+ to CARE A- · outlook Stable.
Rating Action
upgraded to CARE A-; Stable from CARE BBB+; Positive
Bank Facilities Rated
long-term bank facilities (Rs. 500.00 crore)
AUM Growth
AUM up 36.33% CAGR FY22-FY26 to ₹1,730.78 crore
Agency
CARE Ratings Limited
Action
Upgraded

CARE A-; Stable assigned/upgraded from CARE BBB+; Positive on Rs.500.00 crore bank facilities and NCDs.

Current rating assigned
BSE announcement on preferential issue
Press release date
Intimation letter date
Current rating assigned 19 May 2026 · BSE announcement on preferential issue 22 Sep 2026 · Press release date 6 Oct 2026 · Intimation letter date 7 Oct 2026
More numbers
  • Long-term bank facilities (RBI)500.00 (₹ crore)
  • Non-convertible debentures assigned100.00 (₹ crore)
  • Non-convertible debentures (reduced from 176.00)166.50 (₹ crore)
  • Non-convertible debentures (reduced from 33.33)25.00 (₹ crore)
  • Proposed preferential issue₹99.99 crore
  • AUM as on June 30, 2026₹1,730.78 crore
  • Gross NPA as on June 30, 20263.60%
Source: BSE · 7 Oct 2026

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