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AXISCADES TECHNOLOGIES LIMITED — Capital/Financing Update 2023
Jan 24, 2023
61656_rns_2023-01-24_010272c8-cc3c-483e-b424-ee03a4e2ef8b.pdf
Capital/Financing Update
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January 24, 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.: Credit Rating – Removal from Credit Watch-Disclosure of information pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015
Pursuant to the provisions of Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that CARE has removed the Company from “Rating Watch” with respect to overall Bank borrowings of the Company for an aggregate amount of Rs. 59.45 Crore as under:
| SlNo. | Particulars | Current Rating | Rating Action |
|---|---|---|---|
| 1 | Long term Bank facilities | CARE BBB; Stable | Reaffirmed and removed fromRating Watch with DevelopingImplications; Stable outlookassigned |
| 2 | Long/Short term BankFacilities | CARE BBB; Stable/CARE A3 | Reaffirmed and removed fromRating Watch with DevelopingImplications; Stable outlookassigned |
| Kindly take the above information on record.Yours truly,ForAXISCADES Technologies LimitedSonal DudaniCompany Secretary & Compliance OfficerSONALKISHOREDUDANIDigitally signedby SONALKISHOREDUDANIDate: 2023.01.2418:09:17 +05'30' |
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