India Ratings is disclosing instances of possible conflict of interest when an analyst departs India Ratings for employment with a Rated Entity where such analyst had a direct involvement in the rating process or supervised those who had involvement in the rating process, in accordance with India Ratings Policy for Reviewing Work of an analyst Who Leave India Ratings to Work for a Rated Entity (Bulletin 24). This policy can be viewed on India Ratings website.

The report containing all such Bulletin 24 Disclosures is given below.

Potential Analytical Conflict of Interest Review Report (Bulletin 24):

Date posted to the ReportIndia Ratings rated entity
August 9, 2020
Welspun India Limited