With reference to the captioned subject, this is to inform pursuant to Regulation 30 (3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, that Brickwork Ratings India Pvt.Ltd., the credit rating agency for bank facilities availed by the Company, has downgraded the rating to D from BWR BBB-and BWR A3 for both long term and short term facilities in Fund based and non-fund based vide its letter dated 29.01.2018.