Tejas Networks has informed that the Rating Committee of ICRA, after due consideration and based on a review of the latest developments has upgraded the long-term rating of the Company to [ICRA]A+ (pronounced ICRA A plus) (‘Ratings’) from [ICRA]A-% (pronounced ICRA A) and also upgraded the short-term rating to [ICRA]A1+ (pronounced ICRA A one plus) from [ICRA]A2+ (pronounced ICRA A two plus). The outlook on the long-term rating is Stable and the ratings have been removed from rating watch with positive implications. Further, the ICRA has stated that the Company as part of the publicity material or other document wherever the Company is using the above Ratings, it should be stated as [ICRA]A+(Stable)/[ICRA]A1+. The company has enclosed the Letter Ref. No. ICRA/Tejas Networks Limited/07042022/1 dated April 7, 2022 in this regard. The above information is also being made available on the website of the Company www.tejasnetworks.com.
The above information is a part of company’s filings submitted to BSE.
