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Corona Remedies Ltd. secures reaffirmed and upgraded credit ratings from CARE Ratings and CareEdge
30-Sep-26 20:14Hrs IST

Corona Remedies Ltd announced credit rating actions from multiple agencies, with CARE Rating Limited reaffirming the rating for Long Term Bank Facilities at CARE A+; Stable, previously at 25.00, and upgrading Long-Term / Short-Term Bank Facilities from CARE A+; Stable / CARE A1 to CARE A+; Stable / CARE A1+, while CARE Ratings Ltd. mirrored the reaffirmation and upgrade; additionally, CARE Ratings Ltd. assigned a BBB+ rating to Term Loan Facilities amounting to 100 crore, and noted the possibility of annual surveillance/review, along with continuous monitoring for certain bank facilities, though incomplete data prevents full rating information; CareEdge Ratings provided a rating reflecting opinions as on the date of the rating, without specifying instruments or amounts, and the text also indicates an awaiting full text related to dissemination of information, alongside noting that no rating data was found and that the issuer is not cooperating for another facility.

Attention Investor :

"Prevent unauthorised transactions in your account ; Update your mobile numbers/email IDs with Us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day” - Issued in the interest of Investors"

"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."

"No need to issue cheques by investors while subscribing to Equity IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

"Contents which are exclusively for Non-Broking Products/Services, "Mutual Fund, Mutual Fund-SIP, Research reports, Insurance, etc. where the Member is just a distributor. These are not Exchange traded product and the Member is just acting as distributor. It should also state that all disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism."

A Muthoot M George Enterprise