Vardhman Polytex Limited Assigned Credit Rating for Proposed Debt Issuance
Vardhman Polytex Limited announced that Infomerics Valuation and Rating Ltd. has assigned a credit rating of IVR D to the company for a proposed issuance of Nonconvertible Debentures. The rating was assigned on March 23, 2026.The details of the rating are as follows:
| Particulars | Details |
|---|---|
| Revision in rating even if it was not requested for by the listed entity or the request was later withdrawn by the listed entity | Credit Rating (IVR D) assigned to the company in respect of proposed issuance of Non-convertible Debentures. |
| Revision in rating outlook even without revision in rating score | Not Applicable |
| ESG ratings by registered ESG Rating Providers | Not Applicable |
The company is proposing to issue Nonconvertible Debentures with a total value of ₹95 crore. The details are presented below:
| Instrument / Facility | Amount (Rs. in Crore) | Current Ratings | Previous Ratings | Rating Action |
|---|---|---|---|---|
| Non-Convertible Debentures (Proposed) | 95 | IVR D (IVR D) | - | Rating Assigned |
| Total | 95 | Rupees Ninety-Five Crore Only | Rupees Ninety-Five Crore Only | Rupees Ninety-Five Crore Only |
The rating is normally valid for a period of one year from March 20, 2026. INFOMERICS reserves the right to undertake a surveillance/review of the rating more than once a year.
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