IRIS Business Services Limited has submitted a clarification on Rating Report issued by India Ratings & Research.
IRIS · price
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Awaiting price reaction for this filing.
The company clarified that it has not appointed India Ratings & Research and does not accept any rating or commentary in their report dated August 21, 2025, which is circulating publicly. The company stated that India Ratings & Research did not reference the rating rationale of ICRA Limited, its authorized credit rating agency since 2020, nor consider the company's publicly available financial information. The latest ICRA rating, shared with stock exchanges on July 2, 2025, remains the valid and official credit rating. The company issued this clarification to prevent any misinterpretation by investors or market participants.
Shareholders should rely only on the ICRA rating, the company's authorized agency, and disregard the unauthorized India Ratings & Research report. This clarification helps protect the stock from potential negative perception caused by an unverified third-party report, though investors may still have short-term concerns about the unauthorized report's circulation.