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| Exchange Disseminated Time 27/11/2015 16:48:10 | Ruby Mills Ltd has informed BSE that the rating agency namely M/s. Credit Analysis and Research Limited (CARE) has based on the annual report of 2014-15 downgraded the Company’s rating which was due to certain minor mismatches in repayment due to certain mismatch in cashflow and in receipt from sales/Lease incomes from the development of Company’s mill land.
Currently the Company in the second half of this calendar year has concluded several lease/sale transactions which will with this development enable to take care of all its obligation in this year. |
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