NSECredit Rating6d ago · 12 Sept 2026, 07:05 pm
Credit Rating
Vishnu Prakash R Punglia Limited · VPRPL
✦ AI Summary▼ NegativeRegulatory
Vishnu Prakash R Punglia Limited has informed the Exchange about Credit Rating. CARE has migrated the credit rating of the Company’s bank facilities/instruments to ‘Issuer Not Cooperating' (INC) category & CARE D rating. The Company clarifies that the classification relates to its previous rating arrangement with CARE, which did not adequately align with the Company’s actual factual position.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern8/10
Regulatory Risk9/10
Balance Sheet Risk6/10
Liquidity Impact4/10
Market Sentiment3/10
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Vishnu Prakash R Punglia Limited has informed the Exchange about Credit Rating
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VPRPL_12092026190455_Credit_Rating_Intimation_Signed.pdf
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VISHNU PRAKASH R PUNGLIA LIMITED
ENGINEER, CONTRACTOR & DESIGNER
An ISO 9001: 20 1 5 C e r t i f i e d C o m p a n y
12-09-2026
To, To,
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1,
21st Floor, Dalal Street, Fort, Block G, Bandra-Kurla Complex,
Mumbai – 400 001 Bandra (East), Mumbai – 400 051
BSE Scrip Code: 543974 NSE Scrip Symbol: VPRPL
Sub: Intimation of Credit rating
Ref: Regulation 30 of the SEBI {Listing Obligations and Disclosure Requirements} Regulations, 2015
(“Listing Regulations")
Dear Sir/Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,
we wish to inform that CARE has migrated the credit rating of the Company’s bank facilities/instruments to
“Issuer Not Cooperating" (INC) category & CARE D rating.”
Management Clarification & Justification:
The Company wishes to clarify that the “Issuer Not Cooperating” classification relates to its previous rating
arrangement with CARE. The Company had formally communicated its non-acceptance of the previous rating
review conducted by the said agency vide email dated 25th February 2026, as the review did not adequately
align with the Company’s actual factual position.
Subsequently, the Company appointed another SEBI-registered Credit Rating Agency for an independent
assessment of its credit facilities. The rating assigned by the new Rating Agency was duly disseminated by the
Company on 26th August 2026.
During the transition of the rating mandate and completion of requisite lender formalities, no fresh
information was being actively submitted to CARE.
The Company further clarifies that it continues to service its debt obligations in accordance with the agreed
terms with its lenders and remains committed to timely and complete regulatory disclosures.
We request that you take the above information on record.
For VISHNU PRAKASH R PUNGLIA LIMITED
Manohar Lal Punglia
Managing Director
DIN: 02161961
Encl.: as above
CIN: L45203MH2013PLC243252
Corporate office: B-31/32, Second Floor, Industrial Estate, New Power House Road, Jodhpur-342003, Rajasthan
Telephone: 0291-2434396, Email: accounts@vprp.co.in
Reg. Office – Unit No. 3, 5th Floor, B Wing, Trade Star Premises Co-Opeartive Society Limited, Village Kondivita,
Mathuradas Vasanji Road, Near Chakala Metro Station, Andheri (East), Mumbai 400059 Maharashtra