INEOS Styrolution India Ltd - Announcement under Regulation 30 (LODR)-Credit Rating

Please note that our Company does not have any long-term debt instruments or any fixed deposit program or any scheme or proposal involving mobilization of funds, in India or abroad. Hence, no credit rating is obtained in relation to the same. However, due to the working capital facilities that the Company utilizes from its bankers, a general credit rating is required to be obtained by the Company. On the basis of recent developments including operational and consolidated financial performance of the Company for FY22 (Audited), and recent announcement for stake sale by promoters and subsequent open offer as per the SEBI Takeover Code, the Rating Agency has reaffirmed the ratings with the attached remarks.