pursuant to CompositeScheme of Amalgamation, and on the request of the Company, Crisil Limited ( Crisil ) has withdrawnthe rating assigned to the various credit facilities availed by Symed Labs Ltd
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CRISIL Limited has withdrawn the credit ratings it had assigned to various credit facilities of Symed Labs Ltd. The withdrawal was carried out at the request of Viyash Scientific Limited and is linked to the Composite Scheme of Amalgamation under which Symed Labs is being merged into Viyash Scientific. Ratings are typically withdrawn when the rated entity ceases to exist independently due to a merger, rather than reflecting any change in credit quality. After amalgamation, the combined entity will be assessed afresh under a new name and structure.
This is a procedural development tied to the ongoing amalgamation and does not directly impact Viyash Scientific's standalone creditworthiness. Shareholders should note that Symed Labs will no longer carry independent ratings, and post-merger consolidated ratings will be assigned separately.