Announced Tue, 1 Sept · 13:15 IST
Credit Rating Downgraded by Acuite on Rs 143.10 Cr Bank Facilities
GSLSU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.0%1-day move
₹25.73
prior close
₹24.99
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0+0.0+0.0+0.0+0.0+5.0+10.3+15.0+14.7+6.9————
Up moveDown movePending
AI summary
Acuite has downgraded Global Surfaces credit ratings. Long-term rating cut to BBB from BBB+ and short-term to A3+ from A2, on Rs 143.10 Cr bank facilities. Negative outlook maintained. Reason: continued losses (FY26 net loss Rs 31.83 Cr), revenue Rs 233.24 Cr, net worth fell to Rs 270.78 Cr from Rs 303.80 Cr, weak debt coverage (interest cover 0.69x, DSCR 0.04x). Indian ops hit by US trade policy uncertainty. Q1FY27 broke even at PAT level.
Likely market impact
Negative signal. Highlights continued losses, stretched liquidity, and risk of further downgrade unless profitability and debt metrics improve.