Viyash Scientific Limited Reports Mixed Rating Status: India Ratings Withdraws Bank Loan Rating; ICRA Upgrades Rating
Viyash Scientific Limited (formerly Sequent Scientific Limited) has announced updates regarding its corporate credit ratings, noting the withdrawal of ratings assigned to its bank loan facilities by India Ratings and Research (IndRa). Concurrently, the company reported that ICRA Ratings upgraded its rating to [ICRA] AA(Stable) on April 22, 2026.India Ratings and Research (IndRa) confirmed that it affirmed the ratings on Viyash Scientific Limited's (VSL) bank facilities at 'IND AA-'/Stable/'IND A1+' while simultaneously withdrawing them.
The rating action details related to the bank loan facilities are as follows:
| Instrument Type | Size of Issue (million) | Rating Action |
|---|---|---|
| Bank loan facilities | INR 350 | Affirmed and withdrawn |
The company also provided a status update detailing its existing rating with ICRA Ratings, which upgraded the rating to [ICRA] AA(Stable) vide a letter dated April 22, 2026.
The company's financial rating activity confirms the following updates:
| Rating Agency | Rating Status | Action/Date |
|---|---|---|
| India Ratings & Research | Bank Loan Facilities | Ratings Affirmed and Withdrawn |
| ICRA Ratings | Company Rating | Upgraded to [ICRA] AA(Stable) (April 22, 2026) |
VIYASH Stock Price Movement
On Friday, Viyash Scientific Limited shares slipped by 0.50% to close at ₹246.06. The stock recorded a total traded volume of 3.89 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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