IRIS RegTech Solutions Limited has issued a clarification regarding the withdrawal of a credit rating by India Ratings & Research Pvt. Ltd. ("India Ratings") on July 6, 2026. The rating withdrawal pertains specifically to credit facilities aggregating ₹170 million that were previously availed from Federal Bank Limited.
The Company clarifies that these facilities were fully repaid and closed, resulting in Federal Bank issuing a No Due Certificate dated January 12, 2022. This certificate confirmed the release of mortgage charge and confirmed that no dues remained outstanding in respect of these facilities.
Following the loan repayment and closure, the Company had requested India Ratings to withdraw the rating associated with the closed facility. The Company provided supporting documentation including the No Due Certificate, No Objection Certificate, and confirmation regarding the absence of outstanding charges. India Ratings has now processed this withdrawal request.
The Company emphasizes that the rating withdrawal is solely a consequence of the repayment and closure of the underlying Federal Bank facility and should not be construed as arising from any default, delay in debt servicing, financial stress, deterioration in credit quality, non-cooperation, or any other adverse development relating to the Company.
Stakeholders are informed that the Company's current credit ratings are assigned by ICRA Limited, with the latest credit rating disclosed to the Stock Exchanges on July 2, 2025. Reference is made to previous disclosures available on BSE, NSE, and the Company website.
This clarification is intended to supplement the Company's earlier clarification dated August 23, 2025 regarding the rating report issued by India Ratings & Research, with relevant links provided to both previous and current disclosures.