Avalon Technologies Limited — Capital/Financing Update 2023

Aug 4, 2023

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To: To:

BSE Limited The Manager Corporate Relationship Department Listing Department PJ towers, The National Stock Exchange of India Limited Dhalal Street, “Exchange Plaza”, Bandra – Kurla Complex, Mumbai -400001 Bandra (EAST), BSE SCRIP CODE: 543896 Mumbai – 400051 NSE SYMBOL: AVALON

Sirs/Madam,

Sub: - Intimation – Credit rating

Pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part – A of Schedule – III. We hereby inform that the Company M/s. India Ratings & Research (A “ Fitch Group ” Company) had reviewed and provided the ratings as mentioned below vide letter dated 03.08.2023.

Instrument Type Maturity	Instrument Type Maturity	Instrument Type Maturity	Instrument Type Maturity	Instrument Type Maturity	Instrument Type Maturity
Fund-based facility*	-	INR1,265	IND A- /Stable/IND A1	Upgraded: Off Rating Watch with Positive Implications	IND BBB/Rating Watch with Positive Implications/IND A2/Rating Watch with Positive Implications
Non-fund-based facility*	-	INR150	IND A1	Upgraded: Off Rating Watch with Positive Implications	IND A2/Rating Watch with Positive Implications
Term loans	FY27-FY28	INR312.49	WD	Withdrawn (paid in full)	IND BBB/Rating Watch with Positive Implications

* Non-fund-based facility of INR150 million is a sub-limit of the fund-based facility

You are requested to take the above information on your record.

Yours sincerely,

For AVALON TECHNOLOGIES LIMITED

RAJESH

Digitally signed by RAJESH DN: cn=RAJESH, o=Avalon Technologies Limited, ou=Avalon Technologies Limited, email=csrajesh.v@gmail.com, c=US Date: 2023.08.04 17:14:11 +05'30'

Name of the Person : Dr. V. Rajesh Designation : Company Secretary Membership Number: F9213 Date: August 04, 2023

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