Newgen Software Technologies Ltd announced reaffirmations from both CRISIL and Crisil Ratings regarding various debt instruments. CRISIL reaffirmed its CRISIL A1 rating for a Bank Facility with an amount of 10 and for Export Packing Credit & Export Bills Negotiation/Foreign Bill Discounting with an amount of 115, the latter being interchangeable with a Bank Guarantee. Crisil Ratings reaffirmed its Crisil A1 Short Term Rating for Bank facilities amounting to Rs.125 Crore and Bank Loan Facilities also amounting to Rs.125 Crore (bank-wise details are available in Annexure 1), along with a Crisil A1 rating for a Bank Guarantee with an amount of 10. Additionally, Crisil Ratings reaffirmed its Crisil A1 rating for Export Packing Credit & Export Bills Negotiation/Foreign Bill discounting instruments held by Standard Chartered Bank (amounts of 25 and 50), HSBC Bank Plc (amounts of 1.5 and 11), and ICICI Bank Limited (amount of 12.5). Ratings are disclosed on the Crisil website and remain valid until March 31, 2027, while no ratings were assigned or withdrawn for instruments including Unlisted PTCs/Securitisation Notes, Listed/Unlisted Commercial Paper and NCDs, Loan Facilities, External Commercial Borrowings, Certificates of Deposit, Fixed Deposits, Inter Corporate Deposits/Loans, Borrowing programme, Issuer Ratings, Credit Ratings for Capital Protection Oriented Schemes, Credit quality ratings (CQRs) for Mutual Fund Schemes, Listed/Unlisted Security Receipts, Independent Credit Evaluation (ICE), and Expected Loss Ratings.
Beware of fraudulent tips, unauthenticated news and advice on stock market.
At BOB Capital, your account security is our topmost priority. Beware of receiving fraudulent communications, unauthenticated trading tips and unsolicited calls on trading in stocks from unverified sources received through WhatsApp, Telegram, SMS, Calls, etc., and take an informed decision before investing.
Report unsolicited messages to the Stock Exchange on +91 8291833676 or email: feedbk_invg@nse.co.in
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Valued Customer,
BOB Capital Markets Limited (BOBCaps) is firmly committed to the safety of your wealth. We would like to bring to your notice certain precautions that you certainly must take against potential tele-fraudsters/ unscrupulous and unregistered portfolio managers:
ALWAYS AVOID
We would like to caution you against such fraudulent calls and SMSes and urge you to be alert. Follow the golden rule:
Do not share your Login Credentials or Passwords with anybody
BOBCaps employees / representatives never ask for your password.
Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits.
Such deceitful callers ask the customer to share his/her login credentials with passwords to allow trading in their accounts, assuring huge returns.
Often trades done in the customer’s accounts are far from the best interest of the customers. Holdings of customers are often sold and with the funds, trades are then placed in illiquid securities at unrealistic prices.
At times, the holdings of customers are sold at prices detrimental to the customer. The so-called “portfolio manager” assures profits, which naturally does not materialize. Customers are deceived into providing access to their trading accounts, thereby allowing such fraudsters access to funds and securities available to execute trades, injurious to the customer’s interest.
In our continuous effort to keep you safeguard from the market related frauds and increase awareness while conducting trades, we request you to go through the Press Release issued by the NSE and would request you to ensure that you do not engage with the individuals and entities mentioned below: