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26-Oct-2026, 07:45

Paul Merchants Ltd announced that credit ratings have been assigned to its wholly owned subsidiary, Paul Merchants Finance Private Limited (“PMFPL”), by Infomerics Valuation and Rating Limited, a SEBI and RBI accredited credit rating agency. Specifically, a rating of IVR BBB+/ Stable has been assigned to the Term Loan amounting to INR 40.00 Crore and to the Proposed Long Term Bank Facilities amounting to INR 160.00 Crore; there are no reasons for downward revision in ratings, and no enhancements, assignments or withdrawals are noted for any instruments.