Pursuant to Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ), we hereby inform you that M/s. CARE Ratings Limited, a credit rating agency, has revised the credit ratings on banking facilities of the Company
INNOVACAP · price
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Innova Captab Limited has informed the stock exchanges that CARE Ratings Limited has revised the credit ratings assigned to the company's banking facilities, under SEBI Listing Regulations. The disclosure is being made as per regulatory requirements for material events. However, the direction of the rating change (upgrade or downgrade) and the new rating values are not specified in the available announcement text. Shareholders would need to check the full filing or CARE Ratings' website for the specific details on the revised ratings and outlook.
The exact impact on shareholders is unclear without knowing whether the rating was upgraded or downgraded. Investors should review the detailed rating action note from CARE Ratings to understand the implications for the company's borrowing costs and credit profile.