Bajaj Electricals has informed that based on the latest developments and after due consideration, ICRA ('ICRA') has upgraded the long-term rating for the Company's Rs.4,092.50 crore bank facilities ('Facilities') to [ICRA]A+ (pronounced ICRA A plus) from [ICRA]A (pronounced ICRA A), with stable outlook, and has reaffirmed the short-term rating for the said Facilities at [ICRA]A1 (pronounced ICRA A one). A copy of the letter No. ICRA/Bajaj Electricals / 14032022 / 2 dated March 14, 2022, as received from ICRA in this regard, is enclosed.
The above information is a part of company’s filings submitted to BSE.
