Share India Securities Limited has informed the Exchange about Credit Rating- Revision
SHAREINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 0.2 pts less than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Infomerics Valuation and Rating Private Limited has revised credit ratings for Share India Securities Limited's debt facilities worth Rs. 1,800 crore, assigning IVR A1 (highest short-term rating category) to its proposed commercial paper programme (Rs. 200 Cr), bank guarantee (Rs. 1,513 Cr), and proposed short-term non-fund-based limit (Rs. 87 Cr). The company has clarified that it had already shifted its credit rating arrangements to CRISIL Ratings, which reaffirmed the company's ratings on March 25, 2025. The company is publicly disputing Infomerics' revision, stating it was issued while the company was still processing the formal withdrawal of Infomerics' mandate and that it was due to alleged lack of cooperation. Share India has formally requested Infomerics to proceed with the withdrawal of its ratings.
The new IVR A1 rating is the highest short-term rating category, so the numerical rating is strong. However, the circumstances around the revision, combined with the company's strong public rebuttal, may cause short-term uncertainty or negative sentiment. Investors should note that CRISIL has already reaffirmed the company's ratings, which is the rating agency the company has formally engaged going forward.