Birla Cable Limited — Credit Ratings, 01-04-2026: Credit Rating- Revision

CARE Ratings reaffirmed Birla Cable's ₹55 Cr long-term bank facilities at "CARE BBB+/CARE A2," with a positive watch due to its proposed merger with VTL. However, other long-term (₹120 Cr) and short-term (₹176 Cr) bank facilities were downgraded to "CARE A (CE)" and "CARE A1 (CE)" respectively, both on developing watch. This reflects the guarantor VTL's weaker financials and stretched operations.