Credit Rating of NCDs

Credit Rating assigned by CARE on December 16, 2021:

Facilities/Instruments Amount (Rs. Crore) Rating Rating Action
Non-convertible debentures 150.00 CARE AA; Stable (Double A; Outlook: Stable) Reaffirmed
Non-convertible debentures 100.00 CARE AA; Stable (Double A; Outlook: Stable) Reaffirmed
Non-convertible debentures 50.00 CARE AA; Stable (Double A; Outlook: Stable) Reaffirmed
Total Long-term instruments 300.00(₹ Three hundred crore only)    

Credit Rating assigned by CRISIL on August 17, 2022:

Rs.50 Crore Non Convertible Debentures CRISIL AA/Stable (Assigned)
Rs.100 Crore Non Convertible Debentures CRISIL AA/Stable (Reaffirmed)
Non Convertible Debentures Aggregating Rs.615 Crore CRISIL AA/Stable (Reaffirmed)