Suryalakshmi Cotton Mills Ltd announced that ICRA reaffirmed various ratings and revised the outlook to Stable from Negative for several instruments, including Long-term - Fund Based [Cash Credit] of Rs 57.99 crore, Long-term - Fund Based [Term Loan] of Rs 55.70 crore, Short-term - Non-Fund Based - Others, Long-term / Short-term - [Unallocated Facilities], Fund Based Cash Credit of Rs 169.50 crore, Fund Based Term Loan of Rs 57.99 crore, Non fund based-others of Rs 55.70 crore, Long Term / Short Term- Unallocated facilities of Rs 80.00 crore, and Term Loan; ICRA also reaffirmed a Long-term rating of R8I for a Term Loan, and reaffirmed a Short term = Non fund rating of ICRAJA3+; additionally, ICRA assigned ratings of [ICRA]BBB(Stable) for Cash Credit facilities from State Bank of India (Rs 97.25 crore), Union Bank of India (Rs 4450 crore), and Punjab National Bank (Rs 27.75 crore), along with [ICRA]A3+ ratings for Non Fund-Based Facilities from State Bank of India (Rs 30.00 crore, Rs 10.00 crore, Rs 1.85 crore), Union Bank of India (Rs 8.00 crore, Rs 0.35 crore), Punjab National Bank (Rs 5.00 crore, Rs 0.50 crore), Term Loans from State Bank of India (Rs 18.00 crore, Rs 10.99 crore), Union Bank of India (Rs 8.00 crore), Punjab National Bank (Rs 450 crore, Rs 16.50 crore), and Unallocated Limits of Rs 80.00 crore, all with maturity on September 18, 2026, while no rating changes or actions were noted by any other rating agencies.
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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: