Please find the attached intimation regarding the withdrawal of credit rating.
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Awaiting price reaction for this filing.
Hazoor Multi Projects Ltd has informed BSE that credit rating agency Infomerics Valuation and Rating Limited has withdrawn the rating previously assigned to the company, at the company's own request. The company had earlier proposed to avail a Long-Term Cash Credit facility of ₹30 crore and a Short-Term Bank Guarantee facility of ₹70 crore. However, the company decided not to proceed with these bank facilities due to operational and strategic considerations, which led to the rating withdrawal. The company has clarified that this withdrawal has no adverse impact on its financial position, operations, or existing obligations.
The withdrawal is company-initiated and not due to any deterioration in credit quality — no debt was actually raised. For shareholders, this is a neutral event with no expected impact on stock price or business operations.