BSECompany Update12 Aug 2026 · 12 Aug 2026, 09:13 pm
Please find enclosed the update on Credit Rating which is self explanatory
Vikram Solar Ltd · 544488
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Vikram Solar Ltd has announced an update on its credit rating, with India Ratings affirming the existing bank loan facilities and assigning its rating to the additional bank loan facilities, thereby enhancing the total rated bank loan facilities from Rs. 2,700 Crores to Rs. 4,000 Crores.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk3/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Vikram Solar Ltd - 544488 - Announcement under Regulation 30 (LODR)-Credit Rating
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August 12, 2026 VSL/CS/376/2026 dated 12.08.2026
BSE Limited. National Stock Exchange of India Ltd.
Department of Corporate Services Listing Department
P. J. Towers, Dalal Street, Mumbai – 400 001. Exchange Plaza, Bandra-Kurla Complex, Bandra (E),
Mumbai – 400 051
(Scrip Code: Equity - 544488) (Symbol: VIKRAMSOLR, Series EQ)
Dear Sir/ Madam,
Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations 2015 – Update on Credit Rating
Pursuant to Regulation 30 read with Clause 3 of Para A of Part A of Schedule III of the Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby
informed that India Ratings and Research Private Limited (India Ratings) has, vide its rating letter dated
August 12, 2026, affirmed the credit rating on the existing bank loan facilities and assigned its rating to the
additional bank loan facilities of the Company, thereby enhancing the total rated bank loan facilities from
Rs. 2,700 Crores to Rs. 4,000 Crores.
The details of the rating are also available on the website of India Ratings at www.indiaratings.co.in
The credit rating details are as under:
Existing Revised
Credit Rating Type of Rating
Tenure Rating / Outlook Rated Limits Rated Limits
Agency Facilities Action
(Rs. in Crore) (Rs. in Crore)
Long-Term ‘IND A+’ / Stable
2,700 Affirmed
India Ratings Bank Loan Short-Term ‘IND A1+’
and Research 2,700
Facilities Long-Term ‘IND A+’ / Stable
Private 1,300 Assigned
Limited Short-Term ‘IND A1+’
Total 2,700 4,000 —
We request you to kindly take the aforesaid information on record.
Thanking You,
For and on behalf of
VIKRAM SOLAR LIMITED
SUDIPTA BHOWAL
Company Secretary &
Compliance Officer