DEE Development Engineers Ltd announced ratings upgrades and enhancements across various banking facilities from both CARE Rating Limited and CARE Ratings Limited. Specifically, CARE Edge upgraded the Long Term Bank Facilities from CARE A- to CARE A; Stable, reducing the amount from 205.08 to 169.19, and enhanced the Long Term / Short Term Bank Facilities from CARE A-; Stable / CARE A2+ to CARE A; Stable / CARE A1, increasing the amount from 673.00 to 825.00, alongside an upgrade of Short Term Bank Facilities from CARE A2+ to CARE A1, enhanced from 437.00 to 480.00. The company also holds Term Loans from Yes Bank Ltd (67.03, 9.00, 5.24, 3.00, and 5.24), Bandhan Bank Ltd (22.81, 17.84, and 12.01), IndusInd Bank Ltd (15.65 and 5.99), and Bank of India (0.62), in addition to Fund Based Limits, Letters of Credit, and CC/Packing Credit/WCDL facilities with various banks, including Punjab National Bank, Union Bank of India, Kotak Mahindra Bank Ltd., Export Import Bank of India, and CSB Bank Ltd., alongside a proposed Letter of Credit of 100.00, while CARE Ratings Ltd. has noted a “ISSUER NOT COOPERATING” rating for certain Bank Facilities.
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: