Beardsell Limited — Credit Ratings, 16-07-2025: Credit Rating

Beardsell Ltd. has provided an update regarding its credit ratings. While ICRA has continued the company's Fixed Deposit rating in the 'Issuer Not Cooperating' category due to non-submission of information, Beardsell clarified it switched to CARE Ratings in 2024. CARE has assigned a 'CARE BBB-; Positive' rating for the company's Rs. 5.0 Cr Fixed Deposits, reflecting sound financial health and normal operations. This active and positive rating from CARE is crucial, as it should help maintain investor confidence and ensure favorable borrowing costs, effectively countering any adverse perception from ICRA's administrative status.