Arvind announced that CARE has revised the credit ratings of the company as under -

Long term bank facilities and NCDs - CARE AA-;Stable (Revised from CARE AA; Stable)

Short term bank facilities and commercial paper - CARE A1+ (Reaffirmed)

Caprihans India announced that Mofatraj P. Munot (DIN: 00046905), resigned as Chairman/Director of the Company vide letter dated 20 September 2019 effective from the conclusion of the 73rd Annual General Meeting of the Company held on 20 September 2019

Kaycee Industries will hold a meeting of the Board of Directors of the Company on 27 September 2019.

Dhunseri Ventures announced that Infomerics Valuation and Rating has withdrawn the rating IVR AI+ (IVR A One Plus) assigned to the Short Term Bank Facilities of Rs 100 crores since the Company has repaid the amount.

Further, Infomerics Valuation and Rating has assigned IVR A+ / Stable Outlook (IVR Single A Plus with Stable Outlook) rating to the Long Term Bank Facilities of Rs 60 crore of the Company.

Sakthi Sugars has entered into one time settlement (OTS) with one of the lenders, viz. Bank of India. In terms of the OTS, as against the amount outstanding of Rs.233.78 crore as at 31 March 2019, the Company has to settle at Rs. 150.43 crore on or before 30 March 2020. The down payment of Rs.15.04 crore (10%) has been adjusted against the payment already made by the Company. Simple interest at 10.45% will be charged from 17 July 2019 on reducing balance basis.