Sharika enterprises Limited has announced a credit rating downgrade for its bank facilities, as communicated to BSE Limited on February 24, 2026. Infomerics Valuation and Rating Limited has revised the company's long-term bank facilities rating downward, reflecting deteriorating financial performance during the current fiscal year.

Rating Changes Overview

The credit rating agency has made specific adjustments to the company's facility ratings:

The downgrade primarily affects the long-term facilities, while short-term facilities maintain their IVR A4 rating. The proposed facilities have also been adjusted to reflect the new long-term rating structure.

Rationale Behind the Downgrade

Infomerics Ratings has attributed the downgrade to sustained decline in revenue and EBITDA losses during 9MFY26, which indicates poor operating performance. This deterioration in financial metrics has prompted the rating agency to reassess the company's creditworthiness and adjust the ratings accordingly.

Despite the downgrade, the ratings continue to derive strength from several positive factors:

• Moderate order book providing near-term revenue visibility
• Moderate capital structure and net worth
• Growing scale of operations
• Continued support from experienced management

Operational Challenges

The company faces several constraints that have impacted its rating assessment. The intensive working capital cycle affects cash flow management, while susceptibility of profitability to volatile input prices creates earnings uncertainty. Additionally, the company operates in a highly fragmented and competitive industry, which pressures margins and market positioning.

Outlook and Compliance

Infomerics has assigned a stable outlook to the revised ratings, reflecting continued support from experienced management. The disclosure was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, ensuring transparency with stakeholders regarding material changes in credit ratings.

Sharika Enterprises Limited has announced securing an additional purchase order from LS Cable India Private Limited for the supply of specialized optical ground wire cables, marking another significant business development for the company in the power transmission sector.

Latest Order Details and Specifications

The company has received a new purchase order worth Rs. 64,47,840 for the supply of 48F OPGW (Optical Ground Wire) cables. This latest contract adds to the company's existing order book with the same client.

Regulatory Compliance and Disclosure

The announcement was made on February 21, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure follows the requirements outlined in SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Contract Characteristics

The latest purchase order represents another straightforward commercial transaction with clear operational parameters:

Business Impact and Growth

This additional order reinforces Sharika Enterprises Limited's position in the power transmission and smart grid infrastructure sector. The company now has multiple orders from LS Cable India Private Limited, demonstrating a strengthening business relationship. The OPGW cables are specialized products that combine optical fiber technology with electrical grounding capabilities, commonly used in power transmission networks.

The company formally communicated this development to BSE Limited through its Company Secretary and Compliance Officer, Pushpa Yadav, ensuring full regulatory compliance and transparency with stakeholders.