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Entity-Specific Rating Rationales

27 Feb 2025

Mahadhan AgriTech Limited (erstwhile known as Smartchem Technologies Limited): Ratings reaffirmed; outlook revised to Positive

Mahadhan AgriTech Limited (erstwhile known as Smartchem Technologies Limited): Ratings reaffirmed; outlook revised to Positive

29 Feb 2024

Mahadhan AgriTech Limited (erstwhile known as Smartchem Technologies Limited): Ratings reaffirmed; rated amount enhanced

Mahadhan AgriTech Limited (erstwhile known as Smartchem Technologies Limited): Ratings reaffirmed; rated amount enhanced

06 Dec 2022

Smartchem Technologies Limited: Ratings reaffirmed

Smartchem Technologies Limited: Ratings reaffirmed

29 Jul 2022

Smartchem Technologies Limited: Long-term rating upgraded to [ICRA]AA-(Stable) and short-term rating reaffirmed at [ICRA]A1+; rated amount enhanced

Smartchem Technologies Limited: Long-term rating upgraded to [ICRA]AA-(Stable) and short-term rating reaffirmed at [ICRA]A1+; rated amount enhanced

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Entity-Specific Credit Perspective Reports

16 Apr 2025

Mahadhan Agritech Limited (erstwhile known as Smartchem Technologies Limited)

Mahadhan Agritech Limited (erstwhile known as Smartchem Technologies Limited) (Non-SF)

19 Mar 2024

Mahadhan Agritech Limited (erstwhile known as Smartchem Technologies Limited)

Mahadhan Agritech Limited (erstwhile known as Smartchem Technologies Limited) (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Fund Based – Term Loan -- -- [ICRA]AA-(Positive) --
Fund Based- Cash Credit -- -- [ICRA]AA-(Positive) --
Long / Short Term: Unallocated limits [ICRA]A1+ -- [ICRA]AA-(Positive) --
Non-Fund Based Limits [ICRA]A1+ -- -- --
Commercial Paper * -- -- --

Our Analysts

Analyst 1

Abhijit Nadkarni

Analyst 2

Varun Gogia

Sector Head

Girishkumar Kashiram Kadam
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