Re: Update on Credit Rating Dear Sir, This is to inform you the ICRA Limited, upon the request of the Company, has withdrawn the rating [ICRA]B+ (pronounced as ICRA B Plus) earlier assigned in respect of Rs 75.12 Cr bank lines and Rs 4.88 Cr unallocated facilities of the Company. The Company has obtained CARE BB (Double B) for the long term bank facilities to the tune of Rs 432 Cr and short term bank facilities of Rs 18 Crore from Credit Analysis & Research Ltd. You are requested to take note of the same.
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