TruCap Finance Limited — Credit Ratings, 27-10-2025: Credit Rating- Revision

Infomerics has downgraded TruCap Finance's bank facilities (Term Loan, Overdraft, Proposed) totaling ₹185 crore to 'IVR D' from 'IVR C / Negative'. This downgrade stems from the company defaulting on principal and interest payments of ₹45.12 Cr and ₹0.48 Cr respectively across multiple lenders, alongside a ₹0.58 Cr NCD default, highlighting severe liquidity constraints.