Vishnu Prakash R Punglia Limited — Credit Ratings, 25-02-2026: Credit Rating- Revision

CARE Ratings downgraded Vishnu Prakash R Punglia Limited's long-term bank facilities to CARE BB+; Negative, and long-term/short-term facilities to CARE BB+; Negative / CARE A4+. This reflects deteriorating operating performance, marked by revenue slowdown and recent operating losses. High working capital and stressed liquidity were key factors in the downgrade.