Vardhman Polytex Rating Withdrawn by ICRA at Company’s Request

Vardhman Polytex Ltd ( (IN:VARDMNPOLY) ) just unveiled an update.

Vardhman Polytex Ltd has announced that credit rating agency ICRA has withdrawn the rating previously assigned to the company’s borrowing facilities, following a request from the company and the issuance of a no-objection certificate by its existing lender. The withdrawal, made in line with ICRA’s rating withdrawal policy and relevant SEBI listing regulations, indicates that the rated borrowing facilities are no longer in place or require active surveillance, which may slightly reduce external transparency on the company’s credit profile for investors and other stakeholders.

More about Vardhman Polytex Ltd

Vardhman Polytex Ltd is an India-based textile manufacturer belonging to the Oswal Group, with its registered and corporate office in Ludhiana, Punjab. The company operates in the yarn and related textile segment, serving domestic and possibly export markets through its production facilities and established industry presence.

Average Trading Volume: 105,852

Technical Sentiment Signal: Buy

Current Market Cap: 3.67B INR

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