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Archies Ltd. Capital/Financing Update 2019
62096_rns_2019-11-23_62a4a5ef-5fc9-4a0a-aac6-0cdd7843c567.pdf
Capital/Financing Update
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Date: 23rd November, 2019
| 1) The Manager, | 2) The ListingDepartment |
|---|---|
| ListingDepartment, | CorporateRelationshipDepartment |
| NationalStock Exchangeof IndiaLimited, | BombayStock ExchangeLimited |
| ExchangePlaza,BandraKurlaComplex, | I" Floor,New TradingWing,P.J. Towers |
| Bandra(East),Mumbai-400051 | DalalStreetFort,Mumbai-400001 |
| • | |
| ScripCode - ARCHIES | ScripCode - 532212 |
Sub: Intimation of Credit Ratings for Rs. 33.00 crore Bank line(s) of Archies Limited pursuant to the applicable Regulations of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
Pursuant to the applicable Regulations of Securities Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015, it is hereby informed that the Rating Committee ofICRA after due consideration of the company's Q2FY2020 results; and on the basis of best available information has revised the rating on the captioned Line of Credit (LOC) from [ICRA] BBB (pronounced ICRA triple B) to [ICRA] BBB-(pronounced ICRA triple B minus). The Oatlook on the long-term rating , . is Stable. .'
You are requested to take the same on record.
Thanking You,
Yours faithfully
Company Secretary
ARCHIES LIMITED
C -113, NARAINA INDUSTRIAL AREA, PHASE -1, NEW DELHI-11 0028 (INDIA), CIN : L36999HR1990PLC041175 TEL.: 91-11-41410000, 41412222, Fax: 91-11-41410060, Email: [email protected], Website: www.archiesonline.com REGISTERED OFFICE: PLOT NO. 191-F, SECTOR-4, I.M.T. MANESAR, GURUGRAM -122050, HARYANA (INDIA)
ICRA ICRA Limited
Ref: D/RAT/2019-20/A-28/2
November 21, 2019
Mr. Dilip Seth Director - Finance and CFO Archies Limited C-J 13, Naraina Industrial Area Phase 1, New Delhi - 110 028
Dear Sir
Re: Credit Rating of Rs.33.00 crore Bank Line(s) of Archies Limited following announcement of , Q2-FY2020 results
This is in reference to the periodic monitoring ofICRA assigned credit rating for the bank loan ratings of Archies Limited ('Your Company or You').
Please note the Rating Committee of ICRA after due consideration of the company's Q2FY2020 results; and on the basis of best available information has revised the rating on the captioned Line of Credit (LaC) from [ICRA]BBB (pronounced lCRA triple B) to [JCRA]BBB- (pronounced [CRA triple B minus). The Outlook on the long-term rating is Stable.
We look forward to further strengthening our existing relationship and assure you of our best services.
Thanking you
Yours sincerely,
Manish Ballabh Vice President [email protected]
Sugandha Arora Senior Associate Analyst su gandha.arora@icraind ia.com
Building No.8, 2ndFloor, Tower A Tel. : +91.124.4545300 Website :www.icra.in DLF Cyber City, Phase II CIN: L74999DL1991PLC042749 Email: [email protected] Gurugram - 122002, Haryana Helpdesk: +91.124.3341580
Registered Office: 1105. Kailash Building, 11'"Floor. 26 Kasturba Gandhi Marg. New Delhi - 110001. Tel. : +91.11.23351940-45 RATING • RESEARCH • INFORMATION 97706