Vishnu Prakash R Punglia (VPRPL) — Announcement

VPRPL disclosed that CARE Ratings moved its bank facility ratings to 'Issuer Not Cooperating' (INC) with BB- and A4 ratings, citing non-cooperation during a rating review. The company clarified it formally rejected the prior review, appointed a new rating agency, and stopped submitting updates to the previous agency. It emphasized strong debt servicing compliance, healthy order books, and promoter liquidity support despite stretched liquidity from high working capital needs and share pledges.

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About Vishnu Prakash R Punglia Limited (VPRPL)

Construction · Infrastructure Developers & Operators · Listed on NSE

Market Cap: ₹410.83 Cr ROE: -25.2% ROCE: -11.4%

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