Akar Auto Industries has informed that Infomarics Valuation and Rating vide its press release dated 04.12.2023 as received on 06.12.2023 has assigned a rating of ‘IVR BBB-’ and ‘IVR A3’ for the credit facilities availed. A copy of the report from Infomarics Valuation and Rating covering the rationale for assignment of credit rating is enclosed.
The above information is a part of company’s filings submitted to BSE.