Vishnu Prakash R Punglia Limited — Credit Ratings, 20-01-2026: Credit Rating- Revision

CARE Ratings downgraded Vishnu Prakash R Punglia's Long-term bank facilities (₹960 Cr) to CARE BBB-; Stable. This reflects high working capital and payment delays from water supply projects. Short-term facilities are reaffirmed at CARE A3. The outlook is Stable, anticipating sustained operations and continued promoter support.