News Announcement

Rane Engine Valve: Announcement under Regulation 30 (LODR)-Credit Rating

In terms of regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (SEBI LODR) we hereby inform you that at the request of the Company ICRA Limited has withdrawn their ratings for the following debt instruments/ total Bank Loan facilities of the Company:

a.rating of [ICRA] BBB (Stable) assigned to overall long term facilities of Rs. 155.23 Crore Banking facilities; and

b.rating of [ICRA] A2 assigned to short term fund based facility of Rs. 4 Crore

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