Univastu India Limited has informed the Exchange about Credit Rating
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Univastu India Limited has received a credit rating upgrade from Infomerics Valuation and Rating Limited. The long-term bank facility rating was upgraded from IVR BB/Stable to IVR BBB-/Stable, with the sanctioned amount increasing from Rs. 19 crore to Rs. 26 crore. The short-term bank facility rating was upgraded from IVR A4 to IVR A3, with the amount increasing from Rs. 12 crore to Rs. 20.50 crore. The upgrade was based on the company's operational and financial performance for FY24 and FY25. Total bank facilities now stand at Rs. 46.50 crore across Canara Bank and HDFC Bank, covering cash credit, letters of credit, and bank guarantees.
This is a positive development for shareholders — a rating upgrade signals improved creditworthiness and lower default risk, which can help the company borrow at better rates and may boost investor confidence in the stock.