Centum Electronics Ltd — Capital/Financing Update 2020

Oct 27, 2020

Ref: CEL/NSEBSE/CR/27102020 27th October, 2020

To,

Listing Department	Department of Corporate Services ‐ Listing
National Stock Exchange of India Limited	BSE Limited
Exchange Plaza,	P. J. Towers,
Bandra Kurla Complex,	Dalal Street,
Bandra (East),	Mumbai – 400 001
Mumbai – 400 051

Re: Scrip Symbol: CENTUM/ Scrip Code: 517544

Dear Sir/ Madam,

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

This is to inform you that CRISIL Limited has reviewed the credit ratings of the Company as per the table detailed below:

Total Bank Loan Facilities Rated	Rs.399.7 Crores
Long Term Rating	CRISIL BBB‐/Stable (Reaffirmed)
Short Term Rating	CRISIL A3 (Reaffirmed)

We are enclosing herewith a copy of the review letter received from CRISIL Limited.

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

Yours faithfully, For Centum Electronics Limited Nagaraj K V Company Secretary & Compliance Officer NAGARAJ K V Digitally signed by NAGARAJ K V Date: 2020.10.27 12:53:01 +05'30'

Encl: as above

CONFIDENTIAL

GDS3348/257105/BLR/102000780 October 27, 2020

Mr. Desikan K.S. Chief Financial Officer Centum Electronics Limited No. 44, KHB Industrial Area Yelahanka New Town Bangalore - 560106 Tel:080 30046000

Dear Mr. Desikan K.S.,

Re: Review of CRISIL Ratings on the bank facilities of Centum Electronics 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.399.7 Crore
Long-Term Rating	CRISIL BBB-/Stable (Reaffirmed)
Short-Term Rating	CRISIL A3 (Reaffirmed)
$(D_{\text{sub}})$ wise details as now Amazing $D$

(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.

This letter will remain valid till March 31, 2021. After this date, please insist for a new rating letter (dated later than March 31, 2021). Please visit www.crisil.com to confirm that the rating continues to be under surveillance and the rating is still valid.

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

With warm regards,

Yours sincerely,

Mohe Maklije

Mohit Makhija 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 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 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 1800-267-1301

CRISIL Limited Corporate Identity Number: L67120MH1987PLC042363

Ratings

S.No.	Bank Facility	Bank	Amount (Rs. in Crore)	Outstanding Rating
1	Cash Credit	State Bank of India	41.0	CRISIL BBB- /Stable
$\overline{2}$	Cash Term Loan	Citibank N. A.	24.0	CRISIL BBB- /Stable
3	Export Packing Credit	Citibank N. A.	35.0	CRISIL BBB- /Stable
$\overline{4}$	Letter of credit & Bank Guarantee	State Bank of India	177.0	CRISIL A3
5	Working Capital Loan	HDFC Bank Limited	40.0	CRISIL BBB- /Stable
6	Working Capital Loan	YES Bank Limited	20.0	CRISIL BBB- /Stable
7	Working Capital Loan	Kotak Mahindra Bank Limited	62.7	CRISIL BBB- /Stable
	Total		399.7

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 o 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 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 th 1301.

CRISIL Limited

Corporate Identity Number: L67120MH1987PLC042363