Pursuant to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that ICRA Limited, vide its letter dated April 21, 2023, has reaffirmed the Long-Term Rating (Fund-based/Cash Credit) at '[ICRA]A+' ('ICRA A plus') with Stable Outlook and downgraded the Short-Term Rating (Non-fund based limits) to '[ICRA] A1' ('ICRA A One') from '[ICRA] A1+' (ICRA A One Plus). Further, for the enhanced amount, credit rating of '[ICRA]A+' with Stable Outlook has been assigned for long-term facilities and credit rating of '[ICRA] A1' has been assigned for short-term facilities. A copy of ICRA letter dated April 21, 2023 is enclosed.