ESCORTS LTD. - Announcement under Regulation 30 (LODR)-Credit Rating

In compliance of Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that M/s ICRA Limited, on the request of the company has withdrawn the [ICRA]A1+ rating (pronounced ICRA A one plus) assigned to Rs. 200.0 crore of Commercial Paper Programme of the Company. The Company proposed to withdraw the rating as there is no amount outstanding against the rated instrument and since the company has adequate cash balances and investments on its books, the management does not envisage borrowing through the CP programme for the foreseeable future.<BR> <BR> The rationale published by ICRA Limited on its website is available at the following link:<BR> <BR> https://www.icra.in/Rationale/ShowRationaleReport?Id=102406<BR>