ICRA assigns Veegaland Developers at BBB, outlook Stable
Veegaland Developers (VEEGALAND) said ICRA has assigned its credit rating at BBB with a stable outlook. The company is valued at about ₹700 crore.
What happened
Veegaland Developers (VEEGALAND) told the exchanges on 7 October 2026 at 06:49 PM that ICRA has assigned its credit rating at BBB with a stable outlook.
From the filing: "Instrument Amount rated (Rs. crore) Current rating Long Term – Fund based - Term loan 164.71 [ICRA]BBB+(Stable) Long Term – Fund based – Overdraft 93.50 [ICRA]BBB+(Stable) Long Term - Unallocated limits 241.79 [ICRA]BBB+(Stable) Total 500 Copy of the letter received from ICRA is enclosed herewith."
Company snapshot
Veegaland Developers is a micro-cap company, with a market value of about ₹700 crore.
The stock last traded at ₹143.6, against a 52-week range of ₹135.2–₹154 (6.7% below the high).
Promoters held 63.69% at the end of Q2 FY27. Foreign institutions owned 0.55% and domestic institutions 14.83%.
What history shows
BCEIE has no earlier credit rating filing from this company on record since May 2026.
Market-wide, 1,223 credit rating filings with an impact score of 50 or more saw an average next-day move of +0.1%, with 47% rising.
Past reactions describe what happened before; they are not a forecast.
What to watch
- Whether other agencies take a similar view on the company's credit.
In the news
Recent coverage elsewhere (links open the original publisher):
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.