Vishnu Prakash R Punglia Limited – Credit Rating Intimation (NSE: VPRPL, BSE: 543974)

Introduction

Vishnu Prakash R Punglia Limited (VPRPL) has filed a regulatory disclosure with both the National Stock Exchange (NSE) and BSE, informing investors of a change in the credit rating of its bank facilities as per SEBI Listing Regulations.

Summary of Disclosure

Credit Rating Migration

• Rating Agency: CARE Ratings
• New Rating Category: “Issuer Not Cooperating” (INC) – CARE D rating
• Effective Date of Disclosure: 12 September 2026

Management’s Clarification

• The “Issuer Not Cooperating” classification reflects the termination of VPRPL’s previous rating arrangement with CARE.
• VPRPL formally rejected CARE’s prior rating review (email dated 25 February 2026) because the agency’s assessment did not align with the company’s factual position.
• The company subsequently engaged another SEBI‑registered credit rating agency for an independent assessment.
• The new rating from this agency was disseminated on 26 August 2026.
• During the transition between rating agencies and while completing lender formalities, no fresh information was submitted to CARE.

Debt Servicing & Compliance

• VPRPL confirms that it continues to service its debt obligations in accordance with the terms agreed with its lenders.
• The company reaffirms its commitment to timely and complete regulatory disclosures.

Request to Exchanges

• VPRPL requests that the NSE and BSE record the above information in its official filings.

Signatory

• Manohar Lal Punglia, Managing Director (DIN: 02161961)
• Digitally signed on 12 September 2026 at 19:02:31 (IST)

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This article presents only the facts disclosed in the company’s filing and does not contain any additional analysis or forward‑looking statements.