Vindhya Telelinks Limited has informed the Exchange about Credit Rating- Revision

CARE Ratings downgraded Vindhya Telelinks Limited's long-term bank facilities to CARE A (from CARE A+) and short-term facilities to CARE A1 (from CARE A1+), with both ratings placed on Rating Watch with Developing Implications. The downgrade affects Rs 1,420.40 crore in long-term facilities and Rs 3,746.75 crore in short-term facilities. Key drivers include slower-than-expected EPC order execution due to funding-linked disbursement delays under the Uttar Pradesh Jal Jeevan Mission, leading to lower profitability in 9MFY26. Receivables rose sharply from Rs 1,528 crore to Rs 2,192 crore, while total debt increased to Rs 1,067 crore. The upcoming amalgamation of Birla Cable Limited into VTL (expected in 10-12 months) also contributed to the watch placement as its credit impact remains uncertain.