Clarification
EPACK · price
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Awaiting price reaction for this filing.
EPACK Durable clarified to BSE and NSE that CRISIL Ratings' recent disclosure tagging the company as 'Non-Cooperation by Issuer' should not be treated as a valid rating action. The company states it had already terminated its rating mandate with CRISIL on December 20, 2024, and had been sending reminders for CRISIL to update its records. CRISIL reportedly shared this disclosure directly with BSE without first informing the company. EPACK emphasized that it is not a debt-listed entity with no listed non-convertible securities, so the disclosure has no bearing on security holders. The company confirmed that its current credit rating is handled by ICRA Limited and there is no change in ICRA's rating. It remains compliant with SEBI LODR Regulations.
No material impact on shareholders — the company has no listed debt securities, and its active credit rating with ICRA remains unchanged. The stock is unlikely to see any lasting negative effect since the CRISIL 'Non-Cooperation' tag relates to a relationship the company had already ended over eight months ago.