Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Management Representation & Company Reply ....
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Kings Infra Ventures has disputed a credit rating letter issued by Infomerics Valuation and Rating Limited on 9 October 2025 covering instruments rated between 2020 to 2023. The company claims the rating contains factual inaccuracies and was issued without management review or data verification. It pointed out that its outstanding Non-Convertible Debentures stand at Rs 1.61 crore, not Rs 3.71 crore as stated by Infomerics, and that it has no long-term borrowings. The company clarified that all current debt and bank facilities are rated by CRISIL since March 2023. It has asked Infomerics to withdraw the rating letter and expressed its intention to exit the rating agreement with Infomerics.
The dispute over the credit rating may create short-term uncertainty among investors about the company's financial standing, even though the contested rating is from a secondary agency (Infomerics) and not the primary rater (CRISIL). Shareholders should watch for any further rating action or clarification from CRISIL.