Sampann Utpadan India Limited has informed the Exchange about Credit Rating
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Sampann Utpadan India Limited (formerly S.E. Power Limited) has voluntarily withdrawn its credit rating from Infomerics Valuation and Rating Limited, effective July 2, 2025. The company had ratings of IVR BB/Stable (long-term) on bank facilities of Rs. 16.21 crore and IVR A4 (short-term) on Rs. 2 crore, totaling Rs. 18.21 crore. The withdrawal was initiated at the company's request because Yes Bank, its lender, no longer requires an external rating and has issued a No Objection Certificate. The company confirms all credit facilities remain standard with no defaults, and the rating action is purely administrative.
Investors lose a publicly available third-party benchmark to assess the company's credit risk. The withdrawn IVR BB rating was already in speculative/junk grade territory, suggesting the underlying credit profile was below investment grade. The bank's NOC indicates lending relationships are intact, but retail investors should note the lack of any current external rating when evaluating credit exposure.