DPSC Limited has informed the Exchange about Corporate Insolvency Resolution Process that Infomerics Ratings have revised the ratings for the Bank Loan Facilities of the Company on 22nd May, 2026
DPSCLTD · price
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The Hon'ble NCLT Hyderabad has admitted a Section 7 insolvency petition against India Power Corporation Limited (formerly DPSC Limited) on May 15, 2026. This admission has triggered the Corporate Insolvency Resolution Process (CIRP), imposed a statutory moratorium under Section 14, and appointed an Interim Resolution Professional (IRP) who now controls the company, suspending the existing Board of Directors. Infomerics Ratings has responded by downgrading the company's long-term rating from IVR BBB- to IVR B- and short-term rating from IVR A3 to IVR A4, with both ratings placed on Rating Watch with Negative Implications. The rating action follows risks related to a corporate guarantee the company issued for its subsidiary Meenakshi Energy Limited. Financial data shows the company posted a loss of Rs. 234.22 crore in 9MFY26 against a profit of Rs. 15.09 crore in FY24.
The NCLT admission and rating downgrade signal severe financial distress for the company. Existing shareholders face significant risk as the Board has been superseded by the IRP, and debt obligations may be impacted during the moratorium period. The stock is likely to face continued negative sentiment given the ongoing CIRP proceedings.