Rating Upgraded - In continuation of our earlier disclosure dated 9th January 2023 and in compliance with Regulation 30 (6) read with Part-A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we hereby inform that Acuite Ratings & Research Limited (Acuite) has upgraded the long-term rating to ACUITE BB - (read as ACUITE double B Minus) from the previous rating of ACUITE B+ (Read as ACUITE B Plus) on the term loan facilities being availed by the Company viz. Jagatjit Industries Limited from Indusind Bank Limited. The outlook is Stable.
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