ELECTROSTEEL CASTINGS LTD. - Credit Rating

Pursuant to the provisions of Regulation 30 read with Schedule III and other applicable Regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please be informed that Infomerics Valuation and Rating Pvt. Ltd. has assigned the following credit rating to the debt instruments of the Company on 23 March 2017: Debt Instrument Rating Assigned Non-Convertible Debenture of Rs.125 Crore - IVR A [Pronounced IVR single A] (Outlook: Stable) which indicates adequate degree of safety regarding timely servicing of financial obligations. Non-Convertible Debenture of Rs.75 Crore - IVR A [Pronounced IVR single A] (Outlook: Stable) which indicates adequate degree of safety regarding timely servicing of financial obligations. This is for your information and records.