Vardhman Polytex Limited has informed the Exchange about Credit Rating- New

Credit rating at junk gradeLoan classified NPANew credit facilityCredit & Debt View source PDF Explain this filing

VARDMNPOLY · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-3.6%Reaction day

₹7.31

prior close

₹7.01

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+2.9%-6.4% vs market

Other Textile Products peers, median of 181sector+1.0%-4.5% vs sector

On the reaction day the stock moved 6.4 pts less than Nifty Microcap 250 and 4.5 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+6.8

10m

+4.9

15m

+4.9

30m

+3.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.6+2.9-6.4+1.0-4.5

Next day

-2.5+5.3-7.8+1.8-4.3

-7.7+2.4-10.0-1.7-5.9

-11.9-0.6-11.3-4.0-7.9

-7.1+4.0-11.1+0.0-7.1

-7.3+4.7-11.9+2.3-9.6

-4.7+6.1-10.8+4.3-9.0

15d

+5.1+17.8-12.7+14.5-9.5

-4.5+18.6-23.1+14.3-18.8

-11.8+24.3-36.1+10.4-22.2

-4.1+32.1-36.2+13.7-17.8

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 181Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Infomerics Valuation and Rating Ltd has assigned a credit rating of 'IVR D' to Vardhman Polytex Limited for a proposed issuance of Non-Convertible Debentures (NCDs) worth Rs. 95 crore. The NCDs are proposed to be issued to Edelweiss Alternate Investment Funds (EAAA) with a maturity of March 2031. On the Infomerics scale, 'IVR D' is the lowest possible rating, meaning the securities are 'in default or are expected to be in default soon' on servicing financial obligations. This is not a revision but a fresh rating assignment — there is no previous rating on record. The rating is valid for one year from March 20, 2026, subject to standard surveillance.

Likely market impact

This is a deeply negative signal for shareholders — an IVR D rating indicates the company is already in default or on the brink of default on its debt obligations, which is the worst possible credit assessment. Existing shareholders should expect significant stock price pressure, governance concerns, and heightened risk of further financial distress.