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Sharika Enterprises' credit rating for long-term bank facilities has been downgraded to IVR B/Stable from IVR BB-/Stable by Infomerics, with short-term facilities reaffirmed at IVR A4. This downgrade reflects a sustained decline in operating performance, revenue, and profitability in FY26, resulting in losses primarily due to rising raw material costs like copper. The company's credit profile has weakened due to increased debt and reduced net worth, impacting its capital structure and liquidity. While promoter experience and diversified operations offer some support, raw material price volatility and working capital needs remain key challenges.