Corporate Actions

Back

India Pesticides Ltd. sees credit rating upgrades from CARE Ratings, CRISIL, and CareEdge

19-Sep-26 16:25 Hrs IST

India Pesticides Ltd announced credit rating actions from multiple agencies, with CARE Ratings Limited reaffirming its ratings on the company's Bank Facilities at CARE A+; Stable/ CARE A1+ for the long term and short term, respectively, with an enhancement from Rs 80.00 crore to Rs 100.00 crore for the Long Term / Short Term Bank Facilities, and reaffirming the Short Term Bank Facilities at CARE A1+; additionally, CARE Ratings assigned a rating of CARE A+; Stable to Long Term Bank Loan facilities aggregating to Rs 200 crore and a rating of CARE A2+ to Commercial Paper, noting that a surveillance/review is possible annually, while also indicating that another set of Bank Facilities are under review due to ISSUER NOT COOPERATING; CRISIL assigned a rating of CRISIL A+/Stable to Long Term Bank Loan facilities aggregating to Rs 200 crore, and CareEdge Ratings provided a rating reflecting opinions as on the date of the rating for Bank facilities/instruments, without specifying amounts or ratings, while other agencies provided no rating information.

Attention Investors:

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month. || KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. || No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.