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Advanced Enzyme Technologies Limited Capital/Financing Update 2024

Jan 2, 2024

62369_rns_2024-01-02_bf428666-22cc-4263-b768-4370bf30a832.pdf

Capital/Financing Update

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January 02, 2024

BSE Limited National Stock Exchange of India Limited P. J. Towers, Dalal Street, Exchange Plaza, Plot No. C/1, G Block Mumbai- 400 001 Bandra-Kurla Complex, Bandra (E) Mumbai- 400 051

Scrip ID-540025 Scrip Code-ADVENZYMES

Dear Sir/Madam,

Re.: Intimation regarding credit ratings by CRISIL Ratings Limited

In terms of Regulation 30 and Schedule III to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, (as amended), read with the SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, we would like to inform that Advanced Enzyme Technologies Limited (‘the Company’) has received the ratings outstanding for debt instruments/facilities of the Company, by CRISIL Ratings Limited (CRISIL) as per the enclosed letter received from CRISIL:

Total Bank Loan Facilities Rated Rs. 100 Crore Long-Term Rating CRISIL A+/Stable (Reaffirmed) Short-Term Rating CRISIL A1 (Reaffirmed)

The aforesaid information/letter is also being uploaded on the website of the Company at www.advancedenzymes.com

Kindly take the same on record.

Thanking you, Yours faithfully, For Advanced Enzyme Technologies Limited

SANJAY Digitally signed by SANJAY PRAKASH PRAKASH BASANTANI BASANTANI Date: 2024.01.02 17:37:02 +05'30' Sanjay Basantani Company Secretary and Head – Legal

Encl: As above

CONFIDENTIAL

RL/GDS427/333527/BLR/1223/76101 December�29,�2023�������������������������������������������������������������������������������������

Mr.�Beni�Prasad�Rauka

Chief�Financial�Officer Advanced�Enzyme�Technologies�Limited Sun�Magnetica,�A�Wing,�5th�floor, Near�LIC�Service�Road,�Louis�Wadi Thane�-�400604

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Dear�Mr.�Beni�Prasad�Rauka,

Re:�Review�of�CRISIL�Ratings�on�the�bank�facilities�of�Advanced�Enzyme�Technologies�Limited

All�ratings�assigned�by�CRISIL�Ratings�are�kept�under�continuous�surveillance�and�review.

Please�find�in�the�table�below�the�ratings�outstanding�for�the�debt�instruments/facilities�of�the�company,�and�the�rating� actions�by�CRISIL�Ratings�on�the�ratings�as�on�date.

TotalBankLoanFacilitiesRated Rs.100Crore
LongTermRating CRISILA+/Stable(Reaffirmed)
ShortTermRating CRISILA1(Reaffirmed)

(Bank-wise�details�as�per�Annexure�1)

As�per�our�Rating�Agreement,�CRISIL�Ratings�would�disseminate�the�ratings,�along�with�the�outlook,�through�its� publications�and�other�media,�and�keep�the�ratings,�along�with�the�outlook,�under�surveillance�over�the�life�of�the� instrument/facility.�CRISIL�Ratings�reserves�the�right�to�withdraw,�or�revise�the�ratings,�along�with�the�outlook,�at�any� time,�on�the�basis�of�new�information,�or�unavailability�of�information,�or�other�circumstances�which�CRISIL�Ratings� believes�may�have�an�impact�on�the�ratings.�Please�visit�www.crisilratings.com�and�search�with�the�name�of�the�rated� entity�to�access�the�latest�rating/s.

In�the�event�of�the�company�not�availing�the�proposed�facilities�within�a�period�of�180�days�from�the�date�of�this�letter,�a� fresh�letter�of�revalidation�from�CRISIL�Ratings�will�be�necessary.

Should�you�require�any�clarification,�please�feel�free�to�get�in�touch�with�us.

With�warm�regards,

Yours�sincerely,

==> picture [80 x 31] intentionally omitted <==

Anil�More Associate�Director�-�CRISIL�Ratings

==> picture [81 x 31] intentionally omitted <==

��������Nivedita�Shibu ��������Associate�Director�-�CRISIL�Ratings

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Disclaimer :�A�rating�by�CRISIL�Ratings�reflects�CRISIL�Ratings’�current�opinion�on�the�likelihood�of�timely�payment�of�the�obligations�under�the�rated�instrument,�and�does� not�constitute�an�audit�of�the�rated�entity�by�CRISIL�Ratings.�Our�ratings�are�based�on�information�provided�by�the�issuer�or�obtained�by�CRISIL�Ratings�from�sources�it� considers�reliable.�CRISIL�Ratings�does�not�guarantee�the�completeness�or�accuracy�of�the�information�on�which�the�rating�is�based.�A�rating�by�CRISIL�Ratings�is�not�a� recommendation�to�buy�/�sell�or�hold�the�rated�instrument;�it�does�not�comment�on�the�market�price�or�suitability�for�a�particular�investor.�CRISIL�Ratings�has�a�practice�of� keeping�all�its�ratings�under�surveillance�and�ratings�are�revised�as�and�when�circumstances�so�warrant.�CRISIL�Ratings�is�not�responsible�for�any�errors�and�especially� states�that�it�has�no�financial�liability�whatsoever�to�the�subscribers�/�users�/�transmitters�/�distributors�of�its�ratings.�CRISIL�Ratings’�criteria�are�available�without�charge�to� the�public�on�the�web�site,� www.crisilratings.com .�CRISIL�Ratings�or�its�associates�may�have�other�commercial�transactions�with�the�company/entity.�For�the�latest�rating� information�on�any�instrument�of�any�company�rated�by�CRISIL�Ratings,�please�visit� www.crisilratings.com or�contact�Customer�Service�Helpdesk�at�� [email protected]�or�at�1800-267-1301

A�subsidiary�of�CRISIL�Limited,�an�S&P�Global�Company� Corporate�Identity�Number:�U67100MH2019PLC326247�

CRISIL�Ratings�Limited��

____________ Registered�Office: �CRISIL�House,�Central�Avenue,�Hiranandani�Business�Park,�Powai,�Mumbai-�400�076.�Phone:�+91�22�3342�3000��|�Fax:�+91�22�3342�3001

www.crisilratings.com

Annexure�1�-�Bank-wise�details�of�various�facility�classes�(outstanding�facilities)

S.No. BankFacility Bank Amount(Rs.
inCrore)
OutstandingRating
1 CashCredit AxisBankLimited 5 CRISILA+/Stable
2 Letterofcredit&Bank
Guarantee
HDFCBankLimited 2.5 CRISILA1
3 OverdraftFacility HDFCBankLimited 12.5 CRISILA+/Stable
4 PostShipmentCredit ICICIBankLimited 10 CRISILA+/Stable
5 PreShipmentPackingCredit CitibankN.A. 15 CRISILA+/Stable
6 PreShipmentPackingCredit DBSBankLimited 5 CRISILA+/Stable
7 ProposedLongTermBank
LoanFacility
-- 40 CRISILA+/Stable
8 ProposedWorkingCapital
Facility
-- 10 CRISILA+/Stable
Total 100
  • 3.�-�Fully�interchangeable�with�working�capital�demand�loan

  • 4.�-�Interchangable�with�PCFC,�CC,�Working�capital�demand�loan,�LC�and�Bank�Guarantee�submit�of�Rs�4�Crore

  • 5.�-�Interchangeable�with�Rs�15�crore�of�CC/WCDL/BC/SLC/ULC/BD�and�Rs�10�Crore�of�BG

  • 6.�-�Interchangable�with�LC,�CC�,�FDBP,�PDB,�Buyer�Credit,�WCDL�and�OD�sub�limit�of�Rs�2.5�crores

Disclaimer :�A�rating�by�CRISIL�Ratings�reflects�CRISIL�Ratings’�current�opinion�on�the�likelihood�of�timely�payment�of�the�obligations�under�the�rated�instrument,�and�does� not�constitute�an�audit�of�the�rated�entity�by�CRISIL�Ratings.�Our�ratings�are�based�on�information�provided�by�the�issuer�or�obtained�by�CRISIL�Ratings�from�sources�it� considers�reliable.�CRISIL�Ratings�does�not�guarantee�the�completeness�or�accuracy�of�the�information�on�which�the�rating�is�based.�A�rating�by�CRISIL�Ratings�is�not�a� recommendation�to�buy�/�sell�or�hold�the�rated�instrument;�it�does�not�comment�on�the�market�price�or�suitability�for�a�particular�investor.�CRISIL�Ratings�has�a�practice�of� keeping�all�its�ratings�under�surveillance�and�ratings�are�revised�as�and�when�circumstances�so�warrant.�CRISIL�Ratings�is�not�responsible�for�any�errors�and�especially� states�that�it�has�no�financial�liability�whatsoever�to�the�subscribers�/�users�/�transmitters�/�distributors�of�its�ratings.�CRISIL�Ratings’�criteria�are�available�without�charge�to� the�public�on�the�web�site,� www.crisilratings.com .�CRISIL�Ratings�or�its�associates�may�have�other�commercial�transactions�with�the�company/entity.�For�the�latest�rating� information�on�any�instrument�of�any�company�rated�by�CRISIL�Ratings,�please�visit� www.crisilratings.com or�contact�Customer�Service�Helpdesk�at�� [email protected]�or�at�1800-267-1301

A�subsidiary�of�CRISIL�Limited,�an�S&P�Global�Company� Corporate�Identity�Number:�U67100MH2019PLC326247�

CRISIL�Ratings�Limited��

____________ Registered�Office: �CRISIL�House,�Central�Avenue,�Hiranandani�Business�Park,�Powai,�Mumbai-�400�076.�Phone:�+91�22�3342�3000��|�Fax:�+91�22�3342�3001

www.crisilratings.com