Credit rating downgraded to IVR C amid ongoing CIRP proceedings

Rating DowngradedRating JunkRating Watch NegativeCredit & Debt View source PDF Explain this filing

DPSCLTD · price

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Price reactionminutes from the announcement price · days from the prior close

+0.1%Reaction day

₹7.67

prior close

₹7.68

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-0.4% vs market

On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

+0.1+0.6-0.4

Next day

+0.0+1.7-1.7

-0.7+2.1-2.8

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15d

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-7.4+5.6-13.0

UpDownMarket · Nifty Microcap 250Pending

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AI summary

India Power Corporation (formerly DPSC) is under Corporate Insolvency Resolution Process (CIRP) following NCLT Hyderabad order on May 15, 2026, with an IRP appointed. Infomerics has downgraded the long-term rating from IVR B- to IVR C, both with Negative Implications, citing delays in meeting debt service obligations, CIRP admission, and transfer of management to the IRP. Short-term rating IVR A4 was reaffirmed under watch. Total bank loan facilities stand at Rs. 50.74 Crore.

Likely market impact

Very negative: company in insolvency, rating in junk grade. Shareholders face high risk of value erosion, dilution, or total loss.