Chembond Material Technologies Limited — Regulatory Filings 2021

Nov 12, 2021

sEtcst2021-22t41 12th November,2021

To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai-400001 Company Scrip Code - ⁵³⁰⁸⁷¹ Gode No: 530871

To,

National Stock Exchange of lndia Limited Exchange Plaza, Plot no. Cl1, G Block, Bandra-Kurla Complex, Bandra (W), Mumbai-400051 Company Scrip Code -CHEMBOND Gode: CHEMBOND

Ref: lSlN: 1NE995D01025

Sub: Intimation of credit rating information under Regulation 30 of the SEBI (Listing Obf igations and Disclosure Requirement) Regulation ,2015.

Dear Sir/Madam,

Pursuant to provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirement) Regulation, 2015, we would like to inform you credit ratings accorded to the company by credit rating agency 'cRlsll' vide its letter dated 3'd November,2021.

The copy of the same is attached herewith.

Request you to kindly take the same on record

Thanking You

Yours faithfully,

foT CHEMBOND CHEMICALS LIMITED

Suchita Singh Company Secretary & Compliance Officer

Encl: As above

Chembond Chemicals Limited EL-71 Mahape MIDC, Navi Mumbai 400710. INDIA Ti +9122 62643000 - 03 . F: +91 2227687294 www.chembondindia.com CIN: 124100M H 1975P1C018235

CONFIDENTIAL

RL/CHEMCHEL/281054/BLR/1121/20775 November 03, 2021

Mr. Sameer Shah Executive Director Chembond Chemicals Limited Chembond Centre, EL-71. Mahape MIDC P.O.Box No: 05 Thane - 400710

Dear Mr. Sameer Shah.

Re: Review of CRISIL Ratings on the bank facilities of Chembond Chemicals Limited

All ratings assigned by CRISIL Ratings 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 Ratings on the ratings as on date.

Total Bank Loan Facilities Rated	Rs.12 Crore
Long Term Rating	(CRISIL BBB+/Stable (Reaffirmed)
Short Term Rating	CRISIL A2 (Reaffirmed)
$\lambda$ D and a start distribution of the start of the start of the start of the start of the start of the start of the start of the start of the start of the start of the start of the start of the start of the start of the

(Bank-wise details as per Annexure 1)

As per our Rating Agreement, CRISIL Ratings 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 Ratings 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 Ratings 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 Ratings will be necessary.

This letter will remain valid till March 31, 2022. After this date, please insist for a new rating letter (dated later than March 31, 2022). 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 clarification, please feel free to get in touch with us.

With warm regards,

Yours sincerely,

$\chi_{\rm 20}$ or $\chi_{\rm 10}$

Jumana Badshah Associate Director - CRISIL Ratings

Nivedita Shibu Associate Director - CRISIL Ratings

Disclaimer: A rating by CRISIL Ratings reflects CRISIL Ratings' 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 Ratings. Our ratings are based on information provided by the issuer or obtained by CRISIL Ratings from sources it considers reliable. CRISIL Ratings from sources it consid recommendation to buy / sell or hold the rated instrument, it does not comment on the market price or suitability for a particular investor. CFISIL Ratings has a practice of keeping all its ratings under surveillance and ratings are revised as and when circumstances so warrant. CHISIL Ratings is not responsible for any errors and especially states
that it has no financial fiability whatsoever on the web site, www.cristi.com, CRISIL Ratings or its associates may have other commercial transactions with the company/entity. For the latest rating information on any instrument of any company retard by CRISIL Ratings

CRISIL Ratings Limited (A subsidiary of CRISIL Limited) Corporate Identity Number: U67100MH2019PLC326247

Registered Office: CRISIL House, Central Avenue, Hirauandani Business Park, Powai, Mumbai- 400 076 Phone: +91 22 3342 3000 | Fax: +91 22 4040 5800 www.crisilratings.com

Ratings

S.No. Bank Facility	Bank	Amount (Rs. in Crore)	Outstanding Rating
Bank Guarantee	HDFC Bank Limited		CRISIL A2
Cash Credit	HDFC Bank Limited		CRISIL BBB+/Stable
Total

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

Disclaimer: A rating by CRISIL Ratings reflects CRISIL Ratings' current opinion on the likelinood of timely payment of the obligations under the rated instrument, and does not constitute an audit of the rated entity by CRISIL Ratings. Our ratings are based on information provided by the issuer or obtained by CRISIL Ratings from sources it considers reliable. CRISIL Ratings does not guarantee the keeping all its ratings under surveillance and ratings are revised as and when circumstances so warrant. CRISIL Hatings is not responsible for any errors and especially states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of its ratings. CRISIL Ratings' criteria are available without charge to the public
on the web site, www.crisil.com. CR

$\label{thm:CRIS} \begin{array}{c} \mbox{\bf CRISIL.} \emph{Rating $\mathfrak{p}$-Limited} \ \mbox{(A subsidiary of CRISIL Limited)} \ \mbox{Corporate Identity Number: U67100MHz2019PLC326247} \end{array}$

Registered Office: CRISIL House, Central Avenue, Hiranandani Business Park, Powai, Mumbai- 400 076 Phone: +91 22 3342 3000 | Fax: +91 22 4040 5800 www.crisilratings.com

CONFIDENTIAL

RL/CHEMCHEL/281054/BLR/1121/20775/1 November 03, 2021

Mr. Sameer Shah Executive Director Chembond Chemicals Limited Chembond Centre, EL-71, Mahape MIDC P.O.Box No: 05 Thane - 400710

Dear Mr. Sameer Shah,

Re: Withdrawal of CRISIL Ratings on the bank facilities of Chembond Chemicals Limited

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

This is in relation to your letter dated September 29, 2021 requesting CRISIL Ratings to withdraw its outstanding rating on the captioned bank loan facilities.

CRISIL Ratings has, after due consideration, withdrawn the ratings assigned to the captioned bank loan facility/ies. The details of these facilities are given below.

Total Bank Loan Facilities Rated	Rs.7 Crore
Long Term Rating	CRISIL BBB+/Stable (Withdrawn)

(Bank-wise details as per Annexure 1)

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

With warm regards.

Yours sincerely,

31 Africa

Jumana Badshah Associate Director - CRISIL Ratings

Nivedita Shibu Associate Director - CRISIL Ratings

Disclaimer: A rating by CRISIL Ratings reflects CRISIL Ratings' current opinion on the likelihood of timely payment of the obligations under the rated instrument, and does not consultive an audit of the rated entity by CRISIL Ratings. Our ratings are based on information provided by the issuer or obtained by CRISIL Ratings from sources it considers in considers and the rated entity by CRISIL Rat keeping all its ratings under surveillance and ratings are revised as and when circumstances so warrant. CRISIL Ratings is not responsible for any errors and especially states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of its ratings. CRISIL Ratings' criteria are available without charge to the public
on the web site, www.crisil.com. CR instrument of any company rated by CRISIL Ratings, please contact Customer Service Helpdesk at CRISIL ratingdesk@crisil.com or at 1800-267-1301

CRISIL Ratings Limited (A subsidiary of CRISIL Limited) Corporate Identity Number: U67100MH2019PLC326247

Registered Office: CRISIL House, Central Avenue, Hiranaudani Business Park, Powai, Mumbai- 400 076. Phone: +91 22 3342 3000 | Fax: +91 22 4040 5800 www.crisikatings.com

Ratings

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

S.No. Bank Facility	Bank	Amount (Rs. in Crore)	Outstanding Rating
Cash Credit	Kotak Mahindra Bank Limited		Withdrawn
Total

Disclaimer: A rating by CRISIL Ratings reflects CRISIL Ratings' 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 CRI instrument of any company rated by CRISIL Ratings, please contact Customer Service Helpdesk at CRISILratingdesk@crisil.com or at 1800-267-1301

$\label{thm:CRISIL} \begin{array}{c} \mbox{\textbf{CRISIL} Ratings Limited} \ \mbox{\textbf{(A subsidiary of CRISIL Limited)}} \ \mbox{\textbf{Corporac Identity Number: U67100MB2019PLC3262-7}} \end{array}$

Registered Office: CRISIL House, Central Avenue, Hiranandani Business Park, Powai, Mumbai- 400 076, Phone: +91 22 3342 3000 | Fax: +91 22 4040 5800 www.crisilratings.com