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Persistent Systems Ltd receives ICRA ratings, including a watch with negative implications
23-Oct-26 00:19Hrs IST

Persistent Systems Ltd announced that ICRA Limited has assigned a rating of [ICRA]A1+ to its Commercial Paper of Rs 1,000.00, while also assigning a Rating Watch with Negative Implications to its Non-Convertible Debentures of Rs 2,000.00 and Rs 5,000.00, both carrying a rating of [ICRA]AA+, and continuing to maintain the same rating watch status for its existing Non-Convertible Debentures of Rs 5,000.00 and Rs 2,000.00; ICRA has also affirmed its Issuer Rating of AA+ and continues to place it on Rating Watch with Negative Implications, noting that SEBI’s grievance redressal/dispute resolution and investor protection mechanisms will not be available for these instruments; additionally, ICRA assigned a rating of AA+ to Debentures of Rs 2,000.00, and [ICRA]A to Non-Convertible Debentures of Rs 5,000.00, and assigned [ICRA] A1+ to Commercial Paper of Rs 1,000.00, with a Programme carrying N/A ratings, all while reiterating that the ratings are specific to the terms and conditions of the instruments and are valid throughout the life of the programme.

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