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| Exchange Received Time 08/02/2018 19:34:44 Exchange Disseminated Time 08/02/2018 19:34:49 Time Taken 00:00:05 | Dear Sirs,
With reference to the above captioned subject, this is inform that CRISIL has
placed its ratings on the bank facilities of the Company on 'Rating Watch with Developing implications'. The details are as under:
a) 'BBB +'' (placed on 'Rating Watch with Developing Implications') for the Long Term borrowings;
(b) 'CRISIL A2' (placed on 'Rating Watch with Developing Implications') for Short Term borrowings.
A copy of rating Rationale received from CRISIL Limited, a Credit Rating Agency is enclosed for your information.
Please take it on your records.
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