In terms of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 as amended from time to time it is hereby informed that India Ratings & Research Private Limited [Fitch Group] ( Rating Agency) has placed the Companys current outstanding limits in respect of Banking facilities on Rating watch Negative.
There is no change in rating of the Company as IND A+/ IND A1.
Kindly acknowledge receipt.