Viyash Scientific gets [ICRA]AA-(Stable) rating for Rs 185 Cr working capital facilities
Viyash Scientific Limited has received an upgraded credit rating of [ICRA]AA-(Stable) for its Long-term Fund Based Working Capital Facilities totaling ₹185.00 crores. This rating, communicated on April 22, 2026, is an improvement from its previous rating.
An improved credit rating can enhance the company's borrowing capacity and potentially lead to better financing terms, impacting its financial flexibility.
The company has received a higher credit rating from ICRA ([ICRA]AA-(Stable)) compared to its previous rating, which is a positive development.
Viyash Scientific Limited (formerly Sequent Scientific Limited) has announced that ICRA Limited has assigned a credit rating of [ICRA]AA - (Stable) to the company's Long-term Fund Based Working Capital Facilities aggregating to ₹185.00 crores. This rating was communicated to the company on April 22, 2026.
The rating applies to fund-based working capital facilities totaling ₹185.00 crores, with specific allocations including ₹35.00 crores from ICICI Bank Limited and ₹150.00 crores from Kotak Mahindra Bank Limited, both assigned the [ICRA]AA- (Stable) rating on April 21, 2026.
For context, the company's previous rating from India Ratings & Research dated January 31, 2025, was IND A/Positive/IND A1. Viyash Scientific notes that the new rating from ICRA is higher than the previous long-term rating.
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Viyash Scientific Limited filed this with the NSE as a statutory disclosure, categorised under credit ratings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Viyash Scientific Limited. Read the original for the full detail.