Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), GRP has informed that CRISIL Ratings (“CRISIL”) has downgraded credit rating on the bank facilities of the Company due to weakening of the business and financial risk profile stemming from the trade tariffs and its resultant impact on the expected operating performance.
The above information is a part of company’s filings submitted to BSE.