As per the provisions of SEBI (LODR) Regulations, 2015, Indian Acrylics has informed about letter dated 26.06.2018 from Acuite Ratings and Research for giving Credit Rating for various credit facilities availed by the Company from Banks. Acuite has assigned long term rating of ACUITE BB- (read as ACUITE BB minus) and short term rating of ACUITE A4 (read as ACUITE A four) on the Rs 324.09 crore bank facilities of the Company. The outlook is Stable.
The above information is a part of company’s filings submitted to BSE.