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Avanti Feeds ltd. Capital/Financing Update 2020
62448_rns_2020-01-01_251f5c46-a07a-4af2-b740-db6a64bed69d.pdf
Capital/Financing Update
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Aiding Sustainability & Reliability to Aquaculture
AFL/BSE&NSE/2019-20/ Ref:
The Deputy General Manager BSE Limited (Bombay Stock Exchange) Corporate Relations Department 1st Floor, Phiroze Jeejeeboy Towers, Dalaal Street, MUMBAI - 400 001 Fax: 022-2272 2041 / 22723121 BSE Code: 512573
1st January, 2020
National Stock Exchange India Ltd. Exchange Plaza Bandra (East) Mumbai - 400 0051. Fax: 022-26598237/38
NSE Code: AVANTIFEED
Dear Sir,
Sub: Avanti Feeds Limited - Intimation of Credit Rating under Reg. 30 of SEBI (LODR) Regulations.
Pursuant to Regulation 30(6) SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Regulations"), we wish to inform that India Ratings & Research Private Limited (the 'India Ratings'), Affirmed the Credit ratings of the Company as under:
| SI. No. |
Facility | Existing Rating | Revised Rating | Remarks |
|---|---|---|---|---|
| Avanti Feeds Limited - Long Term Issuer Rating |
IND AA-/Stable | IND AA-/Stable | Affirmed | |
| 2 | Fund Based Working Capital Limits Rs.75 Crores) |
IND AA-/Stable | IND AA-/Stable | Affirmed |
| 3 | Non Fund Based Working Capital Limits (Rs. 67 Crores) |
$INDA1+$ | IND A1+ | Affirmed |
Thanking you
Yours faithfully, for AVANTI FEEDS LIMITED
ath C.RAMACHANDRA RAO JOINT MANAGING DIRECTOR, COMPANY SECRETARY & CFO
Corporate Office: G-2, Concorde Apartments, 6-3-658, Somajiguda, Hyderabad-500082, Telangana State, India. $\leftarrow$ +91 (40) 23310260 /61 $\frac{1}{\sqrt{2}}$ +91 (40) 23311604 www.avantifeeds.com [email protected]
Registered Office: Flat No.103, Ground Floor, R Square, Pandurangapuram, Visakhapatnam - 530003, Andhra Pradesh, India. CIN: L16001AP1993PLC095778