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| Exchange Received Time 01/09/2017 18:00:40 Exchange Disseminated Time 01/09/2017 18:00:48 Time Taken 00:00:08 | Pursuant to Regulation 30 read with Para A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please be informed that CRISIL Ltd., has revised their rating on the Rs. 100 crore commercial paper of the Company from 'CRISIL A1' (pronounced as CRISIL A one rating) to 'CRISIL A2+' (pronounced as CRISIL A two plus rating). This downward rating provides for susceptibility of operating profitability due to economic downturn, demand volatility and financial exposure to subsidiaries.
The letter dated August 31, 2017 of CRISIL Ltd. in this regard is enclosed herewith.
We request you to kindly take the same on record. |
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