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AXISCADES TECHNOLOGIES LIMITED — Capital/Financing Update 2023
Aug 5, 2023
61656_rns_2023-08-05_829f60eb-93cc-4af0-a00b-dee9cc8c189b.pdf
Capital/Financing Update
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August 05, 2023
Listing Department The Manager National Stock Exchange of India Ltd. Dptt. of Corporate Services Exchange Plaza, C-1, Block G BSE Limited Bandra Kurla Complex, Floor 25 Phiroze Jeejeebhoy Towers Bandra (E), Dalal Street, Fort, Mumbai- 400051 Mumbai – 400 051 BSE Scrip Code : 532395 NSE Symbol: AXISCADES
Dear Sir,
Sub.: Upgraded Credit Rating - Disclosure of information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that CARE has upgraded the credit rating of AXISCADES Technologies Ltd., with respect to overall bank borrowings of the Company for an aggregate amount of Rs. 61.45 Crore as under:
| Sl No. |
Particulars | Upgraded Rating | Rating Action |
|---|---|---|---|
| 1 | Long Term Bank Facilities |
CARE BBB+; Stable (Triple B Plus; Outlook: Stable) |
Revised from CARE BBB; Stable |
| 2 | Long Term/Short Term Bank Facilities |
CARE BBB+; Stable/ CARE A2 (Triple B Plus; Outlook: Stable/A Two |
Revised from CARE BBB; Stable / CARE A3 |
Kindly take the above information on record.
Yours truly,
For AXISCADES Technologies Limited
SONAL Digitally signed by SONAL KISHORE KISHORE DUDANI Date: 2023.08.05 DUDANI 11:22:26 +05'30' Sonal Dudani
Company Secretary & Compliance Officer
AXISCADES Technologies Limited
(formerly AXISCADES Engineering Technologies Limited) CIN No.: L72200KA1990PLC084435
Reg. Office: Block C, Second Floor, Kirloskar Business Park, Bengaluru -560024, Karnataka, INDIA Ph: +91 80 4193 9000 | Fax: +91 80 4193 9099 | Email: [email protected] | www.axiscades.com