Kuantum Papers Ltd Fixed Deposit Programme Receives Downgrade from CARE Ratings
Kuantum Papers Ltd has received a revised credit rating for its Fixed Deposit (FD) programme from CARE Ratings Limited. The rating agency issued the update following a review of the company's operational and financial performance during the fiscal year 2026.The rated instruments involve an amount of Rs. 33.22 crores, which remained outstanding as of September 30, 2024. The FD programme is structured for a tenure ranging from less than 3 months to 36 months.
Rating Action and Details
The credit rating for the Fixed Deposit has been downgraded from CARE A; Stable to CARE A-; Stable. The instrument remains on notice of withdrawal for one year.| Sr. No. | Instrument | Amount (₹ crore) | Rating | Rating Action |
|---|---|---|---|---|
| 1. | Fixed Deposit | 33.22 | CARE A-; Stable | Downgraded from CARE A; Stable and continues to be on notice of withdrawal for one year |
The assessment by CARE Ratings Limited was based on the company's recent developments, including its financial performance data provided for FY26.
KUANTUM Stock Price Movement
As of 1:25 PM, shares of Kuantum Papers Limited are slipping by 0.81% in live trading, currently at ₹75.75. The stock has seen a total volume of 25,677 shares as it trades within its intraday range.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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