CRISIS REGTECH SOLUTIONS PROVIDES CLARIFICATION ON CREDIT RATING WITHDRAWAL BY INDIA RATINGS
IRIS RegTech Solutions Ltd has issued a clarification regarding the withdrawal of a specific credit rating assigned by India Ratings & Research Pvt. Ltd., ensuring that investors and stakeholders have complete factual background on the matter.The rating withdrawn by India Ratings pertained solely to a set of credit facilities previously availed by the company from Federal Bank Limited. The facilities, which aggregated up to ₹170 million, have since been fully repaid and closed by IRIS RegTech Solutions Ltd.
Following the closure of these underlying facilities, the Company had formally requested India Ratings to withdraw the associated rating and provided supporting documentation. This included a No Due Certificate from Federal Bank Limited, along with other necessary confirmations regarding the absence of outstanding charges and no objection certificates. The withdrawal has now been finalized by India Ratings.
The details concerning the closed facility are as follows:
| Financial Detail | Details |
|---|---|
| Rating Agency | India Ratings & Research Pvt. Ltd. |
| Facility Provider | Federal Bank Limited |
| Aggregated Amount | ₹170 million |
| Repayment Completion Date | The underlying facilities were fully repaid and closed |
| No Due Certificate Date | January 12, 2022 |
The company specifically sought to clarify that the withdrawal of this particular rating is a direct consequence of the repayment and closure of the Federal Bank facility. It should not be construed as stemming from any default, delay in debt servicing, financial stress, deterioration in credit quality, or any other adverse development related to the Company.
Stakeholders are also advised regarding the company’s current credit status. The latest credit rating for IRIS RegTech Solutions Ltd is assigned by ICRA Limited. This recent rating was disclosed on July 2, 2025.
The company stated that this clarification is intended solely to clarify its credit rating status and prevent any potential misinterpretation of the event.
IRIS Stock Price Movement
As of 2:26 PM, shares of IRIS RegTech Solutions Limited are slipping by 0.15% in live trading, currently at ₹266.10 as the stock sheds ₹0.40. The equity trades amid a day high of ₹272.35 and a low of ₹265.55, with a volume of 6,555 shares recorded during this session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.