Dear Sir/Madam,<BR> <BR> Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, we wish to inform you that CRISIL, a Credit Rating Agency has reaffirmed its 'CRISIL AA-/Stable' rating on the Non-Convertible Debentures and the long-term loan facility of the Company and has also reassigned its 'CRISIL A1+' rating to the short-term bank facility of the Company.<BR> <BR> Further, please note that the Company has neither issued the Non-Convertible Debentures nor availed the long-term or short-term bank facility as aforesaid till date.<BR> <BR> The rating rationale dated September 30, 2020 received from CRISIL on October 1, 2020 and accepted by the Company is enclosed herewith for your kind reference.<BR> <BR> The above is for your information and records.<BR>
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