Paul Merchants Ltd — Important, 20-02-2026: Company Update

Paul Merchants Limited announced that Infomerics Valuation and Rating Limited has downgraded and simultaneously withdrawn credit ratings for its bank facilities. This action follows the company's request and 'No Objection Certificates' from concerned banks, aligning with the rating agency's withdrawal policy. Ratings for ₹8.00 Cr in long-term fund-based facilities and ₹2.00 Cr in short-term non-fund-based facilities were impacted. While the agency did not assign specific reasons for the downgrade beyond the withdrawal policy, such actions can affect the company's future borrowing costs and market perception.