ROYAL ORCHID HOTELS LTD. - Announcement under Regulation 30 (LODR)-Credit Rating

Pursuant to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, we wish to inform that ICRA Limited ('ICRA'), has assigned the following ratings to the Company: Facility: Term Loan & Unallocated facilities; Amount Rated: Rs. 46 Crores; Ratings: [ICRA] A- (Stable); Remarks: Upgraded the long-term rating to [ICRA]A- (pronounced ICRA A minus) ('Rating') from [ICRA]BBB (pronounced ICRA triple B). The outlook on the long-term rating has been revised to Stable from Positive. The details are given in the letter from ICRA enclosed herewith. You are requested to take the above on record.