In view of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, we wish to inform you that the India Ratings & Research has revised the Long Term and Short Term Credit Rating of the Company as follows.
Term Loans : Rating of IND A+ has been downgraded to IND A. The outlook has been revised to stable from earlier negative.
Fund Based Working Capital : Long - term Rating has been downgraded from IND A+ to IND A. Short term rating has been affirmed. Outlook has been revised to stable from negative.
Non Fund-Based Working Capital : Long - term rating downgraded from IND A+ to IND A. Short term rating has been affirmed. Outlook has been revised to stable from negative.
Kindly take the same on record.
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