We inform you that ICRA Limited a credit rating agency
has reaffirmed the following credit rating for availing credit facilities from banks and issuance of Commercial Papers (CPs) by the Company:
1. Long-Term Rating for bank credit facilities amounting to Rs. 22 crore - is [ICRA]AA+(Stable)
2. Short-Term Rating for bank credit facilities / CPs for aggregate amount of CPs of Rs. 100 crore is [ICRA]Al+
We request you to take the same on record.