GMP IPO
📋 Filings Intelligence
About Contact
LIVE — Auto-updated every 10 mins · Equity segment
Company Filings, Explained Simply

AI-powered plain-English analysis of every important corporate announcement — financial results, order wins, dividends, mergers and more. Updated live.

—
Filed today
—
Companies tracked
NSE & BSE
Listed on
Sign in free to search by company
Filing Type
Market Cap
Sector
All Sectors

Latest Filings —

📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Viyash Scientific Ltd

Viyash Scientific assigned [ICRA]AA- (Stable) rating on Rs. 185 Crore working capital

RATING ▲ Positive Development LOW RISK
📅 Filed on BSE: 22 Apr 2026, 09:47 PM IST  ·  BSE ID: 3726e8c9-33fb-42b9-8b7a-6cf799f33e0c
View Original BSE Filing (PDF)
💡
In Simple Terms
A major credit rating agency upgraded the company's borrowing rating to AA- (Stable), covering Rs. 185 Crores in bank credit facilities.
🤖 AI Summary
  • ICRA assigns [ICRA]AA- (Stable) rating to Rs. 185 Crores fund-based working capital facilities
  • Rating covers Rs. 35 Crores facility from ICICI Bank and Rs. 150 Crores from Kotak Mahindra Bank
  • Long-term rating improvement from earlier IND A/Positive rating assigned January 31, 2025
  • Rating effective April 22, 2026; subject to annual surveillance and revision by ICRA
  • Company must notify ICRA of any default, repayment delays, or material debt service changes
🔢 Key Numbers — exact figures from BSE filing, not rounded
Fund-Based Working Capital Facilities Rated
Rs. 185 Crores
ICICI Bank Facility
Rs. 35 Crores
Kotak Mahindra Bank Facility
Rs. 150 Crores
Current Rating
[ICRA]AA- (Stable)
Prior Rating (January 31, 2025)
IND A/Positive/IND A1
🏢 How This Affects the Company
📈
Business Impact
Higher credit rating strengthens the company's access to working capital facilities and improves negotiating position with lenders for future credit needs.
💰
Financial Impact
AA- rating reflects improved creditworthiness and debt servicing capability, supporting continued borrowing capacity and potentially better lending terms.
⚠️
Risk Impact
Rating upgrade signals reduced credit risk. However, rating remains subject to annual review and revision if debt servicing capability deteriorates or facility terms change materially.
👥 What This Means For Shareholders
✅
Action Required
No action required from shareholders.
👤
Who Is Affected
All existing and potential shareholders benefit from improved credit rating, which strengthens the company's financial stability and access to working capital credit.
🔍
Management Signal
Management has maintained strong debt servicing discipline, warranting upgrade from prior rating. Stable outlook indicates sustained operational performance and credit risk management.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Annual surveillance report from ICRA — due April 2027 for any rating revision or reaffirmation
Q4 FY26 financial results — check debt levels, interest coverage, and working capital utilization ratios
Any material breach or default disclosure — company must file immediate notification to ICRA and exchanges
LOW RISK AA- (Stable) rating indicates low credit risk. Primary risk: rating subject to annual review; deterioration in debt servicing triggers downgrade.
💡 Investor Takeaway
ICRA upgraded Viyash Scientific's long-term rating to [ICRA]AA- (Stable) on Rs. 185 Crores working capital facilities, a step above the prior IND A/Positive rating. Upgrade reflects improved creditworthiness. Rating subject to annual review; company must report any default or material debt service changes.
⚖️ Strengths & Concerns

✅ Positives

  • Upgrade from IND A/Positive to [ICRA]AA- (Stable) on long-term scale demonstrates improved credit profile
  • Significant working capital facility coverage of Rs. 185 Crores across two major tier-1 lenders provides credit stability

⚠️ Concerns

  • Rating subject to annual surveillance; ICRA reserves right to revise based on new information or changed circumstances
  • Company must immediately disclose any default, repayment delays, or material debt service changes to maintain rating validity
📅 Company Track Record
Viyash Scientific Limited (formerly Sequent Scientific Limited) operates under CIN L99999TS1985PLC196357. Prior credit rating by India Ratings & Research was IND A/Positive/IND A1 assigned January 31, 2025. Current ICRA rating of AA- represents upgrade on long-term scale.

Based on publicly available historical data. For context only.

You've read one filing

There are 32,000 more, and one of them is about a company you own

Follow a company and we'll email you the moment it files again — explained, not just forwarded. Free.

  • Follow companies and get filings by email
  • Save any filing to read later
  • Two full AI analyses every month, free

No card needed. Sign in with Google in two taps.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
🔍
Sign in to use filters
Sign in free with Google to filter filings by category, market cap and sector — takes 5 seconds.