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| Exchange Received Time 24/03/2018 11:20:12 Exchange Disseminated Time 24/03/2018 11:20:16 Time Taken 00:00:04 | SUB: Information pursuant to Regulation 30 and other applicable Regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sirs,
With reference to the above captioned subject, this is inform that CRISIL has removed its rating on bank facilities from 'Rating Watch with Developing Implications' and has downgraded the ratings of the Company to:
(a) 'BBB/ Negative'' for the Long Term facilities and assigned the negative outlook;
(b) 'CRISIL A3+' for Short Term facilities.
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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