Brigade Enterprises Limited — Capital/Financing Update 2020

Sep 1, 2020

Brigade Enterprises Limited Corporate Identity Number (CIN) : L85110KA1995PLC019126 Registered Office: 29th & 30th Floor, World Trade Center Brigade Gateway Campus, 26/1, Dr. Rajkumar Road Malleswaram - Rajajinagar, Bengaluru - 560 055, India T: +91 80 4137 9200

BEL/NSEBSE/CR/01092020

1st September, 2020

Listing Department National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051

Department of Corporate Services - Listing BSE Limited P. J. Towers Dalal Street, Mumbai - 400 001

Re.: Scrip Symbol: BRIGADE/Scrip Code: 532929

Dear Sir/ Madam,

Sub: Reaffirmed Credit Rating - Regulation 30(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

We would like to inform you that CRISIL Limited (CRISIL) has reaaffirmed long-term credit rating for the credit limits of the Company, the details of which are as follows :

Instrument	Amount(Rs.in crores)	Long-Term Rating
Proposed Long TermBank Loan	350	CRISIL A/Stable (Reaffirmed)

We are enclosing herewith a copy of the letter from CRISIL in this regard.

This disclosure is pursuant to Regulation 30(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Thanking you,

Yours faithfully, Brigade Enterprises Limited p١ Om

Prakash Company Secretary & Compliance Officer

$Encl: a/a$

Ratings

CONFIDENTIAL

BRENLTD/244246/BLR/082001335 August 31, 2020

Mr. Atul Goval Chief Financial Officer Brigade Enterprises Limited 29th & 30th Floor, World Trade Centre. Brigade Gateway Campus. Malleswaram-Rajajinagar. Bangalore - 560055 Tel:80 41379200

Dear Mr. Atul Goyal..

Re: Review of CRISIL Ratings on the bank facilities of Brigade Enterprises Limited

All ratings assigned by CRISIL are kept under continuous surveillance and review.

Please find in the table below the ratings outstanding for the debt instruments/facilities of the company, and the rating actions by CRISIL on the ratings as on date.

Total Bank Loan Facilities Rated	Rs.350 Crore
Long-Term Rating	CRISIL A/Stable (Reaffirmed)
(Bank-wise details as per Annexure 1)

As per our Rating Agreement. CRISIL would disseminate the ratings, along with the outlook, through its publications and other media, and keep the ratings, along with the outlook, under surveillance over the life of the instrument/facility. CRISIL reserves the right to withdraw, or revise the ratings, along with the outlook, at any time, on the basis of new information, or unavailability of information, or other circumstances which CRISIL believes may have an impact on the ratings.

In the event of the company not availing the proposed facilities within a period of 180 days from the date of this letter, a fresh letter of revalidation from CRISIL will be necessary.

Should you require any clarifications, please feel free to get in touch with us.

With warm regards.

Yours sincerely.

Sushmita Majumdar Director - CRISIL Ratings

Nivedita Shibu Associate Director - CRISIL Ratings

A CRISIL rating reflects CRISIL's current opinion on the likelihood of timely payment of the obligations under the rated instrument and does not constitute an audit of the rated entity by CRISIL. CRISIL ratings are based on information provided by the issuer or obtained by CRISIL from sources it considers reliable. CRISIL does not guarantee the completeness or accuracy of the information on which the rating is based. A CRISIL rating is not a recommendation to buy, sell, or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. All CRISIL ratings are under surveillance. CRISIL or its associates may have other commercial transactions with the company/entity. Ratings are revised as and when circumstances so warrant. CRISIL is not responsible for any errors and especially states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of this product. CRISIL Ratings rating criteria are available without charge to the public on the CRISIL web site, www.crisil.com. For the latest rating information on any instrument of any company rated by CRISIL, please contact Customer Service Helpdesk at 1800-267-

	S.No. Bank Facility	Bank	Amount (Rs. in Crore) Outstanding Rating
	Proposed Long Term Bank Loan Facility Proposed 350.0			CRISIL A/Stable
	Total		350.0

Annexure 1 - Bank-wise details of various facility classes (outstanding facilities)

A CRISIL rating reflects CRISIL's current opinion on the likelihood of timely payment of the obligations under the rated instrument and does not constitute an audit of the rated entity by CRISIL. CRISIL ratings are based on information provided by the issuer or obtained by CRISIL from sources it considers reliable. CRISIL does not guarantee the completeness or accuracy of the information on which the rating is based. A CRISIL rating is not a recommendation to buy, sell, or hold the rated instrument; it does not comment on the marketprice or suitability for a particular investor. All CRISIL ratings are under surveillan commercial transactions with the company/entity. Ratings are revised as and when circumstances so warrant. CRISIL is not responsible for any errors and especially states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors ofthis product. CRISIL Ratings rating criteria are available without charge to th latest rating information on any instrument of any company rated by CRISIL, please contact Customer Service Helpdesk at 1800-267-