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| Exchange Received Time 07/03/2017 13:00:36 Exchange Disseminated Time 07/03/2017 13:00:40 Time Taken 00:00:04 | | Sub: Intimation of Credit Rating received from CRISIL In terms of the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Company has received 'D' Credit Rating from CRISIL. However, the company is having a difference of opinion and dissent the said rating as the Company is repaying all its Loan account i.e. including FITL, Term Loan, and Cash Credit etc. within stipulated time as per the agreement. There was a delay in debt repayment of WCTL account due to Compilation and filling of Documentation of Qualified Institutional Placement with SEBI. Further on receipt of fund raised from QIB by company same was paid towards the WCTL account. Said delay in repayment was unintentional and therefore company dissent the said rating received from CRISIL. Kindly take the above information on your records. |
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