J.K.CEMENT LTD. - Credit Rating

This has reference to Reg. 30(6) & 30(9) of the SEBI (LODR) Regulations, 2015, (the 'Regulations').<BR> <BR> In accordance with the said Regulations, we wish to inform that CARRE Ratings Limited (the 'CARE'), vide its letters dated September 12, 2017, has assigned the following ratings to the Company and its subsidiary:<BR> <BR> Name of Company Facility Existing Rating Revised Rating<BR> J.K.Cement Ltd Long Term Bank CARE AA- (Stable) CARE AA (Stable)<BR> Facilities<BR> Short Term Bank CARE A1+ Reaffirmed<BR> Facilities<BR> Non Convertible CARE AA- (Stable) CARE AA (Stable)<BR> Debenture Issue<BR> Commercial Paper CARE A1+ Reaffirmed<BR> <BR> J.K.Cement Long Term Bank CARE AA- (Stable) CARE AA (Stable) <BR> Works(Fujairah) Facilities (Structured Obligation)(Structured Obligation)<BR> FZC;(Non listed <BR> overseas subsidiary) <BR>