Clarification7 Jul 2026, 02:20 pm
IRIS RegTech Clarifies Rating Withdrawal for ₹170 Million Facility
AI Summary
IRIS RegTech Solutions Ltd has issued a clarification regarding the withdrawal of a rating report by India Ratings & Research. The withdrawal pertains to a ₹170 million bank loan facility from Federal Bank Limited, which has been fully repaid and closed. The company provided a No Due Certificate dated January 12, 2022, confirming the closure and absence of outstanding dues. IRIS RegTech emphasizes that this withdrawal is solely due to the facility closure and not indicative of any financial distress or default. Current credit ratings are assigned by ICRA Limited.
Key Highlights
- Rating withdrawn for ₹170 million Federal Bank facility.
- Facility fully repaid and closed, confirmed by No Due Certificate.
- Withdrawal is due to closure, not financial distress or default.
- Current ratings are from ICRA Limited.
- Clarification aims to prevent stakeholder misinterpretation.
Price Impact
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