V-Guard Industries Ltd Receives Credit Rating Upgrade from ICRA
V-Guard Industries Ltd has announced that ICRA Ltd has upgraded its credit rating. The rating revision and outlook changes were detailed in a communication dated April 7, 2026.The credit rating action pertains to the Long term/short term - fund based/non-fund based - working capital facilities, which have a rated amount of 820 Rs. crore.
ICRA upgraded the rating from [ICRA]AA to [ICRA]AA+. Concurrently, the outlook was revised to Stable, changing from Positive / [ICRA]A1+.
For reference, the details of the credit rating action are presented below:
| Instrument | Rated Amount (Rs. crore) | Rating Action | Outlook |
|---|---|---|---|
| Long term/short term - fund based/non-fund based - working capital facilities | 820 | [ICRA]AA+, upgraded from [ICRA]AA | Revised to Stable from Positive |
VGUARD Stock Price Movement
V-Guard Industries Limited shares slipped today, shedding 1.34% to settle at ₹319.70 in post-market trading. The equity recorded a volume of 87,869 shares during the day's session.Source:
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