Viyash Scientific Limited has received an [ICRA]AA- (Stable) rating for its long-term fund-based working capital facilities. The rating covers an aggregate amount of Rs. 185.00 Crores, distributed across bank facilities from ICICI Bank and Kotak Mahindra Bank. This latest assessment represents an improvement over the company’s previous long-term rating, signaling strengthened credit standing for the organization as of April 2026.
Credit Rating Upgrade
Viyash Scientific Limited has been assigned a long-term credit rating of [ICRA]AA- (Stable) by ICRA Limited. This rating reflects the company’s solid credit profile and stable outlook regarding its financial obligations. The assignment of this rating was officially communicated to the company on April 22, 2026, confirming the company’s robust position in its working capital management.
Breakdown of Rated Facilities
The rating applies to the company’s total long-term fund-based working capital facilities, which aggregate to Rs. 185.00 Crores. The exposure is divided between two major financial institutions:
- ICICI Bank Limited: Rs. 35.00 Crores
- Kotak Mahindra Bank Limited: Rs. 150.00 Crores
Both facilities were formally rated on April 21, 2026, and are subject to regular surveillance to ensure ongoing compliance with the assigned credit criteria.
Strategic Financial Outlook
This new rating is a significant positive development for Viyash Scientific Limited, as it stands higher than the company’s previous long-term rating of IND A/Positive issued in January 2025. This upgrade highlights the company’s improved operational stability and financial health, providing a more favorable outlook for its banking and credit arrangements as it moves forward in the current fiscal year.
Source: BSE
