Syngene International Ltd - Announcement under Regulation 30 (LODR)-Credit Rating

We wish to inform you that ICRA Limited ('ICRA') vide its letter dated November 17, 2022, has removed the short-term rating from watch with developing implications and has reaffirmed the short-term rating at 'ICRA A1+'. The long-term rating has been reaffirmed at 'ICRA AA+ on watch with developing implications'.