Magadh Sugar & Energy Ltd - Announcement under Regulation 30 (LODR)-Credit Rating

Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015, we wish to inform you that Care Ratings vide its letter dated September 30, 2020 has revised the ratings for the bank facilities of the Company as under: <BR> <BR> Facilities Amount (Rs. crore) Ratings Rating Action<BR> Long-term Bank Facilities 460.38 CARE A-; Stable<BR> (Single A Minus; Outlook: Stable) Revised from CARE BBB+; Positive<BR> (Triple B Plus; Outlook : Positive)<BR> Short-term Bank Facilities 30.00 CARE A2+<BR> (A Two Plus) Revised from CARE A2<BR> (A Two)<BR> Total 490.38 <BR> <BR> This is for your information and records. <BR>