Intimation & Clarification on Unilateral and Unauthorised Rating Action by CARE Ratings Ltd.
RMC · price
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Awaiting price reaction for this filing.
RMC Switchgears has informed the exchange that CARE Ratings published a credit rating for the company on 12 November 2025 without any mandate, consent, or information from the company. The company states it never appointed or engaged CARE, never shared financial documents, and was not consulted before the rating was issued. RMC clarifies that all its bank facilities are fully regular with no overdue, no stress indicators, and no adverse remarks from any lender. The company is formally requesting CARE to withdraw the rating and stop any future unsolicited publications.
The stock may see short-term volatility and investor concern due to an unknown third-party rating circulating in the market, but the company's strong denial and clean debt status aim to reassure shareholders. Investors should wait for clarity on what CARE actually published before drawing conclusions.