TruCap Finance Limited — Credit Ratings, 22-07-2025: Credit Rating- Revision

TruCap Finance has seen its credit ratings significantly downgraded by both Infomerics and CARE Ratings, with ratings dropping to 'IVR C / RWDI' and 'CARE D' respectively. This action stems directly from the company's inability to pay ₹72.28 crore in interest and principal on its NCDs due July 16, 2025. The liquidity crunch is due to premature NCD redemptions and delays in receiving committed funds, notably from the Marwadi Group's proposed acquisition. This severe downgrade indicates high default risk, making future borrowing extremely difficult and significantly impacting investor trust and strategic maneuvering room.