Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Sahyadri Industries has informed that ICRA has issued Revised Credit rating for Bank facilities of the Company. Based on a review of the latest developments, the Rating Committee of ICRA, after due consideration has upgraded the long-term rating to [ICRA]A- (pronounced ICRA A Minus) from [ICRA]BBB+ (pronounced ICRA Triple B plus). The Rating Committee of ICRA, after due consideration has also upgraded the short-term rating to [ICRA]A2+ (pronounced ICRA A Two Plus) from [ICRA]A2 (pronounced ICRA A Two).
The above information is a part of company’s filings submitted to BSE.
