Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation of our disclosure dated July 31, 2025, we wish to inform you that the Company had filed an appeal against the Credit rating assigned/upgraded by the credit rating agency, Acuite Ratings and Research Limited. The credit rating agency has reaffirmed the existing rating at ACUITE BBB/Stable/ACUITE A3+. The Company has decided not to accept the reaffirmed rating.