Please note that our Company does not have any long-term debt instruments or any fixed deposit program or any scheme or proposal involving mobilization of funds in India or abroad. Hence no credit rating is obtained in relation to the same. However due to the working capital facilities that the Company utilizes from its bankers a general credit rating is required to be obtained by the Company.On the basis of recent developments including operational and financial performance of your Company for FY22 (Audited) and 9MFY23 (Provisional) conclusion of stake sale by former promoter group and subsequent change in ownership of the company the Rating Committee has reaffirmed the ratings and removed the Company from Rating Watch with Developing Implications category as stated below.
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