Vardhman Polytex Limited has informed the Exchange about Credit Rating- New
VARDMNPOLY · price
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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.
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.