BALLARPURNSEBallarpur Industries Limited· Paper And Paper ProductsHighNegative
Announced Sat, 18 Jul · 14:11 IST
Credit rating withdrawn on Ballarpur NCDs after IBC settlement
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
India Ratings has withdrawn the credit rating on Ballarpur Industries' 11.75% Non-Convertible Debentures (ISIN: INE294A07125) effective July 17, 2026. The NCDs were already fully settled and extinguished under the approved IBC Corporate Insolvency Resolution Plan dated March 31, 2023, following an NCLT Mumbai order. The rating withdrawal is a procedural step after NSDL confirmation.
Likely market impact
Procedural update. NCD holders already fully paid under IBC resolution plan. No further financial impact expected.