ASIAN GRANITO INDIA LTD. - Announcement under Regulation 30 (LODR)-Credit Rating

Pursuant to regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that ICRA Limited, vide its letter dated October 27, 2021, has upgraded the long term rating to [ICRA]A+ (pronounced ICRA A plus) from [ICRA]A (pronounced ICRA A) and has reaffirmed the short term rating at [ICRA]A1 (pronounced ICRA A one) ('Rating')- assigned to the Rs. 254.11 crore for the Bank facilities of Asian Granito India Limited. The Outlook on the long-term rating has been reaffirmed to Stable.