Pursuant to Regulation 30 and other applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), Sundaram Brake Linings has informed that the Company has received a letter from ICRA dated 2nd March,2023, regarding the surveillance of ICRA -assigned credit rating for Rs 59.07 Crore bank facilities and enhancement of Rs 30 Crore bank facilities in which the credit ratings of the Company’s working capital limits and Term Loan, have been reaffirmed. In accordance with the Regulation, the details are appended.
The above information is a part of company’s filings submitted to BSE.
