DPSC Limited: Credit Rating Downgraded to IVR D by Infomerics
DPSC Limited's credit ratings have been downgraded to IVR D by Infomerics due to delayed debt servicing. The downgrade considers the admission of CIRP proceedings and ongoing legal challenges. The total rated bank facilities amount to ₹50.74 Crore.
A downgrade to 'IVR D' signifies default or high probability of default, which has a severe impact on the company's ability to access further credit, its relationships with lenders, and overall financial standing. The ongoing CIRP process further exacerbates the impact.
The credit rating has been significantly downgraded to 'IVR D' due to delayed debt servicing and the initiation of CIRP proceedings, indicating a severe deterioration in the company's financial health and increased risk for creditors.
DPSC Limited (formerly India Power Corporation Limited) has announced a downgrade in its credit ratings by Infomerics Valuation and Rating Ltd. The company's long-term and short-term bank loan facilities have been downgraded to 'IVR D - Rating Watch with Negative Implications'. This downgrade reflects a delay in meeting debt service obligations to financial institutions.
The rating action is also influenced by the admission of Corporate Insolvency Resolution Process (CIRP) proceedings against India Power Corporation Limited by the Hon'ble National Company Law Tribunal, Hyderabad Bench-I, on May 15, 2026. This has led to a transfer of management control to the Interim Resolution Professional (IRP).
Infomerics Ratings cited the ongoing legal proceedings before the National Company Law Appellate Tribunal (NCLAT) and the potential impact on the company's financial and operational profile as further factors contributing to the downgrade. The total bank loan facilities rated amount to ₹50.74 Crore.
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DPSC Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. 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.