Shyam Century Ferrous Limited has informed the stock exchanges about the withdrawal of its credit ratings assigned by ICRA Limited. The company stated that it is not currently availing any credit facilities from any bank or financial institution.

Based on a No Objection Certificate received from HDFC Bank Ltd. for the withdrawal of external credit rating, Shyam Century Ferrous Limited had requested ICRA Limited to withdraw the ratings for its long-term and short-term fund facilities. ICRA Limited, adhering to its withdrawal policy, has consequently withdrawn the credit rating assigned to the company’s long-term and short-term fund facilities. The total rated amount was ₹34.00 crore, comprising ₹24.00 crore for Long-term Fund-based Cash Credit rated [ICRA]BBB (Negative) and ₹10.00 crore for Short-term Non-fund based Others rated [ICRA]A2. The withdrawal was effective as of January 19, 2026.

The company has also uploaded this information on its website, www.shyamcenturyferrous.com, for public record.