In terms of Regulation 30 read with Para A of Part A of Schedule III and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Surya Roshni has informed that in continuation to earlier assigned Credit Rating of ICRA Al +(SO) for Rs. 325 crore Commercial Paper Program of Surya Roshni, Rating agency has further assigned ICRA Al+(SO) for Rs. 25 crore (Aggregating to Rs. 350 crore) Commercial paper. Program of the company on the credit enhancement in the form of stand by letter of Credit (SBLC) issued by its bankers. For arriving at the aforesaid rating, ICRA has combined the business and financial risk profiles of Surya Roshni (SRL) and its merged erstwhile -Surya Global Steel tubes (e-SGSTL).
The above information is a part of company’s filings submitted to BSE.
