Infomerics Reaffirms Credit Ratings for India Home Loan Ltd; Bank Facilities Rated IVR D
Infomerics Valuation and Rating Limited has reaffirmed the credit ratings of India Home Loan Ltd, following a review of its operational and financial performance for FY25(A) and FY26(A). The company's bank loan facilities and Nonconvertible Debentures (NCDs)/bonds maintain a Long Term Rating of IVR D.The rating agency provided the updated assessment based on various instrument levels, including corporate loans and debentures issued to investors.
Key details regarding the rated instruments are summarized below:
| Instrument | Amount (Rs. crore) | Ratings | Rating Action | Regulator |
|---|---|---|---|---|
| Total Bank Loan Facilities Rated | Rs. 39.92 Crore (Reduced from 34.29) | IVR D | Reaffirmed and removed from Issuer not Cooperating category | RBI |
| NCD | Rs. 16.95 crore | IVR D | Reaffirmed and removed from Issuer not Cooperating category | SEBI |
The rating for bank facilities reflects a total rated amount of Rs. 39.92 Crore, which has been reduced from the previous figure of 34.29 Crore. For NCDs, the rated amount stood at Rs. 16.95 crore and was assigned a Long Term Rating of IVR D.
The comprehensive set of facilities under review includes various term loans from multiple banks and financial institutions:
| Lender Name | Facility/Security | Size (Rs. Crore) | Rating Assigned | Regulator |
|---|---|---|---|---|
| IDFC First Bank 1 | Term Loan | 17.55 | IVR D | RBI |
| Canara Bank | Term Loan | 2.35 | IVR D | RBI |
| Andhra Bank | Term Loan | 1.37 | IVR D | RBI |
| Hinduja Housing Finance 1 | Term Loan | 1.12 | IVR D | RBI |
| IDBI Trusteeship Services Limited | NCD | 16.95 | IVR D | SEBI |
The company has also completed the closure of several bank loan accounts, providing No Due Certificates (NDCs) confirming zero outstanding dues from lenders including Bank of Maharashtra, IDFC First Bank, MAS Financial Services Limited, State Bank of India, and UCO Bank.
Stock Price Movement
India Home Loan Ltd.'s shares slipped on Friday, closing at ₹30.07, marking a decline of 2.56%. The stock saw intraday movement ranging from a low of ₹29.72 to a high of ₹33.00.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.
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