IRIS RegTech clarifies rating withdrawal after Federal Bank loan closure

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Price reactionminutes from the announcement price · days from the prior close

-0.3%Reaction day

₹266.60

prior close

₹266.35

announcement price

In-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.7%+0.4% vs market

Software Products peers, median of 39sector+0.0%-0.3% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 0.3 pts less than its Software Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

-0.3-0.7+0.4+0.0-0.3

Next day

-4.3-2.7-1.5-2.4-1.9

-2.4-0.8-1.6-2.4-0.0

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-3.4+0.7-4.0-0.6-2.7

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15d

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-2.9+4.8-7.6-4.8+2.0

-16.0+3.2-19.2-4.6-11.3

UpDownMarket · Nifty Microcap 250Sector · Software Products peers, median of 39Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

IRIS RegTech has clarified that India Ratings and Research withdrew its credit rating on a closed Federal Bank loan facility of Rs 170 million. The company had fully repaid and closed this facility, with Federal Bank issuing a No Due Certificate in January 2022. The company then requested the rating withdrawal. It stressed this is not due to any default, delay, financial stress or deterioration in credit quality. Current ratings are assigned by ICRA Limited, last disclosed on July 2, 2025.

Likely market impact

Routine post-closure housekeeping, not a sign of financial trouble. No negative impact on shareholders expected.