Corporate News     03-Jan-22
Laxmi Organic Industries receives upgrade in long term issuer ratings
From India Ratings
Laxmi Organic Industries announced that India Ratings and Research (Ind-Ra) has upgraded Laxmi Organic Industries' (LOIL) Long-Term Issuer Rating to ‘IND AA-' from ‘IND A+'. The Outlook is Stable. The instrument-wise rating actions are as follows:

Term loans - IND AA-/Stable (upgraded)
Fund based working capital facility - IND AA-/ Stable; IND A1+ (long term rating upgraded; short term rating affirmed)
Non fund based working capital facility - IND A1+ (affirmed)
Commercial paper - IND A1+ (affirmed)

Previous News
  Volumes spurt at Laxmi Organic Industries Ltd counter
 ( Hot Pursuit - 08-Aug-24   14:30 )
  Laxmi Organic Industries to hold AGM
 ( Corporate News - 13-May-23   11:06 )
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  Board of Laxmi Organic Industries recommends final dividend
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  Laxmi Organic Industries consolidated net profit declines 65.25% in the March 2023 quarter
 ( Results - Announcements 13-May-23   07:39 )
  Laxmi Organic Industries consolidated net profit rises 24.53% in the September 2023 quarter
 ( Results - Announcements 27-Oct-23   07:34 )
  Laxmi Organic gains as PAT rises by 25% YoY in Q2 FY24
 ( Hot Pursuit - 27-Oct-23   10:46 )
  Laxmi Organic Industries consolidated net profit declines 40.51% in the June 2023 quarter
 ( Results - Announcements 28-Jul-23   16:33 )
  Laxmi Organic Industries to conduct board meeting
 ( Corporate News - 20-Oct-22   11:24 )
  Laxmi Organic Industries to acquire 26% stake in Radiance MH Sunrise Seven
 ( Corporate News - 15-Feb-22   11:23 )
  Laxmi Organic hits record high after robust Q1 outcome
 ( Hot Pursuit - 10-Aug-21   11:34 )
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