Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Apollo Pipes has informed that ICRA has upgraded the credit ratings assigned to the bank facilities of Apollo Pipes aggregating to Rs 150 Crore. The Rating Rationale issued by ICRA is enclosed for reference. This information is also being uploaded on the website of the Company at www.apollopipes.com.
The above information is a part of company’s filings submitted to BSE.