DPSC Limited: Bank Loan Facilities Downgraded Amidst CIRP Proceedings
DPSC Limited's bank loan facilities have been downgraded by Infomerics Ratings due to delayed debt servicing and ongoing CIRP proceedings. Long-term rating moved to IVR C, and short-term rating reaffirmed at IVR A4. Total rated facilities amount to ₹50.74 Crore.
The downgrade of credit ratings and the company being under Corporate Insolvency Resolution Process (CIRP) signifies significant financial distress and operational uncertainty, which will have a high impact on its ability to raise further capital and its overall business operations.
The credit rating for the company's bank loan facilities has been downgraded, and a 'Rating Watch with Negative Implications' has been maintained, indicating a negative outlook due to financial distress and ongoing insolvency proceedings.
DPSC Limited (formerly India Power Corporation Limited) has disclosed a revision in its credit ratings for bank loan facilities by Infomerics Valuation and Rating Ltd. This action follows the admission of a petition for Corporate Insolvency Resolution Process (CIRP) against the company by the Hon'ble National Company Law Tribunal (NCLT), Hyderabad Bench—I, via an order dated 15th May 2026.
Infomerics Ratings downgraded the Long Term Rating from IVR B- (Rating Watch with Negative Implications) to IVR C (Rating Watch with Negative Implications) and reaffirmed the Short Term Rating at IVR A4 (Rating Watch with Negative Implications). The downgrade is attributed to the delay in meeting debt servicing obligations to financial institutions. The Rating Watch with Negative Implications reflects heightened uncertainty due to the CIRP proceedings and the subsequent transfer of management control to the Interim Resolution Professional (IRP). The rating action also accounts for ongoing legal proceedings before the National Company Law Appellate Tribunal (NCLAT) and their potential impact on the company's financial and operational profile.
The total bank loan facilities rated amount to ₹50.74 Crore. The rating downgrade and reaffirmation were effective as of 15th June 2026.
What to do with a filing like this
DPSC Limited filed this with the NSE as a statutory disclosure, categorised under corporate insolvency resolution process. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by DPSC Limited. Read the original for the full detail.