Vikran Engineering Limited has received a credit rating update from India Ratings and Research. While the 'IND A-' rating was reaffirmed for ₹5,200 Crore in debt facilities, the outlook was revised from 'Stable' to 'Negative'. This revision signals potential credit risks or deteriorating financial metrics that investors should monitor closely.
Vikran Engineering Limited has been assigned a new credit rating of 'IND A-/Negative' by India Ratings and Research for its proposed ₹500 Crore non-convertible debentures. This rating provides an independent assessment of the company's creditworthiness for its upcoming debt issuance.
Popular Vehicles and Services Ltd received a rating extension from CRISIL. The long-term rating is CRISIL A/Stable and short-term is CRISIL A1, valid until March 2027. Additionally, the rated bank loan facilities increased from ₹468 Crore to ₹643 Crore, reflecting the company's expanded credit limits and financial standing.
Rishabh Instruments Limited has received a credit rating from CRISIL for its Rs.16.3 Crore bank facilities. CRISIL assigned a 'CRISIL BBB+/Stable' rating for long-term facilities and 'CRISIL A2' for short-term facilities, reflecting the company's creditworthiness and financial stability.
Bliss GVS Pharma Limited has been assigned a credit rating of [ICRA]A- (Stable) and [ICRA]A2+ by ICRA Limited for its bank facilities worth ₹100.00 Crore. This rating reflects the company's creditworthiness and stable financial outlook for its fund-based and non-fund-based instruments.
India Ratings & Research has placed Andhra Cements Limited's ₹986.97 Crore bank loan facilities on Rating Watch with Developing Implications. The rating action follows the proposed amalgamation of the company with its parent, Sagar Cements Limited. Currently rated IND BBB/IND A3+, the watch reflects potential restructuring of the group's cement business and debt transfer.
Acuite Ratings & Research has assigned a 'ACUITE BB' rating with a 'Stable' outlook to JMJ Fintech Limited's ₹25 Crore bank facilities. The rating reflects doubled income and comfortable capitalization in FY25, though offset by a rise in Gross NPA to 5.04%.
Akme Fintrade (India) Limited received a credit rating upgrade from Acuité Ratings & Research. Long-term ratings for Rs. 855 Crore in bank facilities and NCDs were upgraded to 'ACUITE A-' with a Stable outlook, reflecting sustained loan portfolio growth and healthy capital structure.
CARE Ratings has reaffirmed Asahi Songwon Colors Ltd's credit ratings at 'CARE A; Positive' and 'CARE A1' for facilities totaling ₹183.07 Crore. The rating reflects the company's established market position and improved profitability in FY25, supported by growth in its pigment and API segments.
CARE Ratings has reaffirmed Nahar Polyfilms Limited's credit ratings, assigning 'CARE A; Stable' for enhanced long-term bank facilities of ₹545 Crore and 'CARE A1' for ₹12 Crore short-term facilities. This reaffirmation reflects the company's stable financial position and creditworthiness for its ₹557 Crore total rated debt.
Embassy Office Parks REIT received credit rating revalidations from CRISIL and CARE for its Rs. 2,000 Crore Commercial Paper program. Both agencies assigned a 'A1+' rating, indicating a very strong degree of safety regarding timely payment of financial obligations and lowest credit risk.
India Ratings and Research has affirmed Aditya Birla Capital Limited's Long-Term Issuer Rating at 'IND AAA' with a Stable Outlook. The rating agency affirmed or assigned ratings to various instruments, including bank loans and debentures, totalling ₹1,46,279.90 Crore. This affirmation reflects the company's strong creditworthiness and stable financial position.
Vippy Spinpro Ltd has received assigned credit ratings from Care Edge for Rs. 126.87 Crore in bank facilities from HDFC Bank. The facilities include term loans and fund-based limits rated 'CARE BBB+; Stable' and short-term limits rated 'CARE A2'. This assignment reflects the company's creditworthiness and financial stability for the 2025-2026 period.
India Ratings maintained AGS Transact Technologies' ₹761.10 Crore bank facilities rating at 'IND D(ISSUER NOT COOPERATING)'. The rating reflects non-cooperation and lack of adequate information for surveillance. Additionally, the company is currently under the Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated August 25, 2025.
WPIL Limited received credit rating reaffirmations and assignments from CARE Ratings for bank facilities totalling ₹1,153.50 Crore. Long-term facilities were rated CARE A+; Stable, while short-term facilities received a CARE A1+ rating, reflecting the company's stable credit profile.
CARE Edge Ratings has downgraded DCM Shriram Industries Ltd's long-term bank facilities and fixed deposits to 'CARE A-; Stable' and short-term facilities to 'CARE A2+'. The ratings were removed from 'Rating Watch with Negative Implications' following a review of FY25 performance and the NCLT-approved Composite Scheme of Arrangement.
