Mumbai, Sept. 11 -- On the BSE, 5,752 shares were traded in the counter as against an average trading volume of 2,438 for the past two weeks.

Infomerics Ratings stated that the rating assigned takes into consideration the continuous delay in servicing of term debt obligations on account of adverse impact of the Covid-19 pandemic which has impacted the company's cash flows and liquidity position severely since FY2021-FY2022.

The company has successfully executed one-time settlements (OTS) with multiple banks, with the exception of DBS Bank, whose outstanding debt has been transferred to "Star Strength."

Additionally, Infomerics has acknowledged the company's robust association with the Hyatt brand along with its steadily expanding opera...