Corporate Actions

Back

Infomerics upgrades Amir Chand Jagdish Kumar’s bank loan facilities, citing improved financials

12-Oct-26 19:58 Hrs IST

Amir Chand Jagdish Kumar (Exports) Ltd announced that Infomerics Ratings has upgraded the rating of its fund-based long term bank loan facilities from ‘IVR A/Positive’ to ‘IVR A+/Stable’ and revised the outlook from ‘Positive’ to ‘Stable,’ while reaffirming the rating of its fund/non-fund based short term bank loan facilities at ‘IVR A1’; the agency also reaffirmed the rating of the total bank loan facilities at ‘IVR A+/Stable’ and ‘IVR A1’, enhancing the total facilities rated from Rs. 915.00 Crore to Rs. 1,015.00 Crore. Furthermore, Infomerics revised the analytical approach from standalone to consolidated, noting a 14.3% increase in total operating income to Rs. 2,287.13 crore in fiscal year 2026 and a rise in profit after tax to Rs. 103.29 crore, alongside other financial metric adjustments, and expects sustained operating scale and financial profile.

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.