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

We wish to inform you that the CARE Ratings Limited has reviewed and revised the Long Term and Short Term Bank Facility of the Company as follows;<BR> <BR> Sr.No. Facility Rating Rating Action <BR> 1 Long-term Bank facilities CARE BBB-; Stable <BR> (Triple B ; Outlook: Stable) Revised from CARE-BBB-; Negative (Triple B Minus; Outlook : Nagative)<BR> 2 Short-term Bank facilities CARE A3 <BR> (A Three) Reaffirmed <BR> <BR> <BR> <BR>