CMS Info Systems Limited — Capital/Financing Update 2022

Sep 27, 2022

==> picture [175 x 37] intentionally omitted <==

CMSINFO/2209/007

September 27, 2022

To, BSE Limited Listing Department, 1[st] Floor, PJ Towers, Dalal Street, Fort, Mumbai – 400 001

To,

National Stock Exchange of India Limited Exchange Plaza, C-1, Block-G, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051

Scrip Code: 543441 Symbol: CMSINFO

Sub: Intimation of Revision in Outlook of Credit Rating

Dear Sir/Madam,

Pursuant to Regulation 30(6) read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the Regulations”), we would like to inform that the credit rating of the Company has been reaffirmed and the outlook has been revised to positive from stable by ICRA Limited ("ICRA"), Credit Rating Agency, vide their letter dated September 26, 2022.

In accordance with the Regulations, the details of the revision in the outlook is mentioned as below:

Rating Agency	**Rating Type **	Existing Rating	Revised Rating
ICRA Limited	Short Term	[ICRA]A1+	[ICRA]A1+
ICRA Limited	LongTerm	ICRA]AA(Stable)	[ICRA]AA(Positive)

Kindly take the same on record.

Thanking you

For CMS Info Systems Limited

PRAVEEN Digitally signed by PRAVEEN SONI SONI Date: 2022.09.27 12:12:23 +05'30' CS Praveen Soni Company Secretary and Compliance Officer Membership No.: FCS 6495

Encl: Letter dated September 26, 2022 issued by ICRA Limited

Regd. Office: T-151, 5th Floor, Tower No.10, Sector-11, railway station complex, CBD Belapur, Navi Mumbai- 400 614 | T: +91-22-4889 7400 | F: +91-22-4889 5177 CMS Info Systems Limited |CIN: L45200MH2008PLC180479 | www.cms.com | E: contact@cms.com

==> picture [115 x 55] intentionally omitted <==

ICRA Limited

Ref.: ICRA/CMS Info Systems Limited/26092022/1 Date: September 26, 2022

Mr. Pankaj Khandelwal

Chief Financial Officer

CMS Info Systems Limited Grand Hyatt Mumbai, Lobby level, Off western Express Highway, Santacruz East, Mumbai – 400055

Dear Sir,

Re: Surveillance of ICRA-assigned Credit Rating for Rs. 555.0 crore Bank Facilities (details as per Annexure) of CMS Infosystems Limited.

Please refer to the Rating Agreement/Statement of Work June 14, 2021, executed between ICRA Limited (“ICRA”) and your Company, whereby, ICRA is required to review its rating(s), on an annual basis, or as and when the circumstances so warrant. Based on a review of the latest developments, the Rating Committee of ICRA, after due consideration has reaffirmed the long-term Rating of [ICRA] AA (pronounced ICRA double A) and a short-term Rating of [ICRA] A1+ (pronounced ICRA A one plus) (“Rating”). The outlook on the long-term Rating is revised to Positive from Stable . For Rating definition(s), please refer to ICRA website at www.icra.in.

In any of your publicity material or other document wherever you are using the above Rating(s), it should be stated as [ICRA] AA(Positive)/ [ICRA] A1+

The aforesaid Rating(s) will be due for surveillance any time before September 22,2023. However, ICRA reserves the right to review and/or, revise the above Rating(s) at any time on the basis of new information becoming available, or the required information not being available, or other circumstances that ICRA believes could have an impact on the Rating(s). Therefore, request the lenders and Investors to visit ICRA website at www.icra.in for latest Rating(s) of the Company.

The Rating(s) are specific to the terms and conditions of the Bank Facilities as indicated to us by you, and any change in the terms or size of the same would require a review of the Rating(s) by us. In case there is any change in the terms and conditions or the size of the rated Bank Facilities, the same must be brought to our notice before the Bank Facilities is used by you. In the event such changes occur after the Rating(s) have been assigned by us and their use has been confirmed by you, the Rating(s) would be subject to our review, following which there could be a change in the Rating(s) previously assigned. Notwithstanding the foregoing, any change in the over-all limit of the Bank Facilities from that specified in the first paragraph of this letter would constitute an enhancement that would not be covered by or under the said Rating Agreement.

Building No. 8, 2[nd] Floor, Tower A DLF Cyber City, Phase II Gurugram – 122002, Haryana

Tel.: +91.124 .4545300 CIN : L749999DL1991PLC042749

Website: www.icra.in Email: info@icraindia.com Helpdesk: +91 9354738909

Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel. :+91.11.23357940-41

R A T I N G ● R E S E A R C H ● I N F O R M A T I O N

==> picture [115 x 54] intentionally omitted <==

The Rating(s) assigned must be understood solely as an opinion and should not be treated, or cause to be treated, as recommendation to buy, sell, or hold the rated Bank Facilities availed by your company.

You are also requested to forthwith inform us about any default or delay in repayment of interest or principal amount of the instrument rated, as above, or any other debt instruments/ borrowing and keep us informed of any other developments which may have a direct or indirect impact on the debt servicing capability of the company including any proposal for re-schedulement or postponement of the repayment programmes of the dues/ debts of the company with any lender(s) / investor(s). Further, you are requested to inform us immediately as and when the borrowing limit for the instrument rated, as above, or as prescribed by the regulatory authority(ies) is exceeded.

We look forward to your communication and assure you of our best services.

With kind regards, Yours sincerely, For ICRA Limited

SHAMSHER DEWAN

Digitally signed by SHAMSHER DEWAN DN: c=IN, st=Haryana, 2.5.4.20=f7edd8eb94005613ab8ab3d4ee44c5380ca6b99ba20305b2699454530eaf177d , postalCode=122002, street=A-2/302, SAHARA GRACE, MG ROAD, BEHIND SAHARA MALL, SECTOR-28, CHAKARPUR(24), serialNumber=81e81be534b3742395e1a44de665d623b04c02b277af54e355b5ba70d0 1f15bd, o=Personal, cn=SHAMSHER DEWAN, pseudonym=8e5ddece405ee4428088abe21bc5a37d Date: 2022.09.26 13:01:23 +05'30'

Shamsher Dewan

Senior Vice President & Group Head - Corporate Ratings shamsherd@icraindia.com

Building No. 8, 2[nd] Floor, Tower A DLF Cyber City, Phase II Gurugram – 122002, Haryana

Tel.: +91.124 .4545300 CIN : L749999DL1991PLC042749

Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel. :+91.11.23357940-41

Website: www.icra.in Email: info@icraindia.com Helpdesk: +91 9354738909

R A T I N G ● R E S E A R C H ● I N F O R M A T I O N

==> picture [115 x 55] intentionally omitted <==

Annexure

Annexure - I

Details of bank limits rated by ICRA

Details of bank limits rated by ICRA	Annexure - I
Instrument and Bank details	**Amount(Rs. crore) **	Rating	Rating Assigned on
Rated on long-term & short-term scale		[ICRA] AA (Positive)/ [ICRA]A1+	September 23,2022
Fund based facilities – CC/WCDL
ICICI Bank	20.00
IDBI Bank	2.00
Kotak Mahindra Bank	15.00
State Bank of India	10.00
Yes Bank	25.00
Axis Bank	9.00
Sub-total(i)	81.00
Non-fund-based limits – BG/LC
ICICI Bank	20.00
IDBI Bank	43.00
Kotak Mahindra Bank	38.00
State Bank of India	10.00
Yes Bank	120.00
Axis Bank	113.65
Sub-total(ii)	344.65
Unallocated	54.35
Sub-total(iii)	54.35
Total(i + ii+iii)	480.00
Instrument and Bank details	**Amount(Rs. crore) **	Rating	Rating Assigned on
Rated on long-term scale
ICICI Bank – Term Loan	75.00	[ICRA]AA (Positive)/[ICRA]A1+	September 23,2022

Building No. 8, 2[nd] Floor, Tower A DLF Cyber City, Phase II Gurugram – 122002, Haryana

Tel.: +91.124 .4545300 CIN : L749999DL1991PLC042749

Website: www.icra.in Email: info@icraindia.com Helpdesk: +91 9354738909

Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel. :+91.11.23357940-41

R A T I N G ● R E S E A R C H ● I N F O R M A T I O N