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DCW Ltd. Capital/Financing Update 2021
63614_rns_2021-06-18_e49a15a9-49a3-4af0-bb42-89f9dbb14fda.pdf
Capital/Financing Update
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The BSE LIMITED National Stock Exchange of India Ltd. Department of Corporate Services, Exchange Plaza Bldg. 1s floor, New Trading Ring 5th Floor, Plot No.C-1 Rotunda Building, 'G' Block, Near Wockhardt, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Mumbai - 400 001 Mumbai 400 051, Fax:26598237/38 Fax : 22723121/3719/ 2037/2039 Scrip Code : DCW Scrip Code :500117
Dear Sir/Madam,
Sub: Press Release
Pursuant to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, enclosed herewith is a copy of the Press Release to be distributed to the media, contents of which are self-explanatory.
This intimation is also being uploaded on the Company's website at www.dewltd.com.
You are requested to kindly take the same on record & oblige.
Thanking You,
Yours faithfully,
For DCW se)
Sr. Aye Genéral Manager (Legal) and Company Secretary Membership No. ACS- 22527
DCW LIMITED
HEAD OFFICE : "NIRMAL" 3RD FLOOR, NARIMAN POINT, MUMBAI-400 021. TEL.: 2287 1914, 2287 1916, 2202 0743 TELEFAX: 22 2202 8838 REGISTERED OFFICE : DHRANGADHRA - 363 315 (GUJRAT STATE) Email: [email protected], Website: www.dewltd.com, CIN-L24110GJ1939PIC000748
To,
CIN: L24110GJ1939PLC000748 Regd. Office: Dhrangadhra - 363 315, Gujarat State. Head Office: 3" Floor, Nirmal, Nariman Point, Mumbai - 400021 Tel: 022-22871914 Fax: 022-22028839 Website: www.dcwltd.com E-Mail: [email protected] ; [email protected]
PRESS RELEASE
DCW Limited Credit Ratings upgraded by India Ratings & Research
| DCW dimitio LIMITED DCW CIN: L24110GJ1939PLC000748 Regd. Office: Dhrangadhra - 363 315, Gujarat State. Head Office: 3" Floor, Nirmal, Nariman Point, Mumbai - 400021 Tel: 022-22871914 Fax: 022-22028839 Website: www.dcwltd.com E-Mail: [email protected] ; [email protected] |
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|---|---|---|---|---|---|
| PRESS RELEASE | |||||
| DCW Limited Credit Ratings upgraded by India Ratings & Research | |||||
| Mumbai, Friday, 18 June 2021: DCW Limited ("the Company" or "DCW"), a specialty chemicals company headquartered in Mumbai, today announced that leading credit rating agency, India Ratings & Research has upgraded and assigned ratings 'BBB+' indicating 'Stable' outlook for the Company. Rating as assigned |
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| Instrument | weds nies : |
D irieteties {million} |
@lgesiit Sxeliiys |
Historical Rating |
(oi stele) |
| Issuer rating | Long term | - | IND BBB+ | IND BBB | Stable |
| Term loan | Long term | INR 1,644 | IND BBB+ | IND BBB | Stable |
| Fund-based working capital oo a "Sans limits |
Long t ene tem Short term |
INR 527.5 | IND BBB+ / IND A2 |
IND BBB /IND A3+ |
Stable |
| Non-fund-based working oa capital limits |
Short term | INR 3,272.5 | IND A2 | IND A3+ | te |
| OCDs | Long term | INR 600 | IND BBB+ | IND BBB | Stable |
| NCDs | Long term | INR 3,500 | IND BBB+ | IND BBB | Stable |
Rating as assigned
Commenting on the rating, Mr. Vivek Jain, Managing Director, DCW Ltd. said, "The rating upgrade by the India Ratings and Research is a testament of DCW's improving financial and operating performance. The upgradation from BBB to BBB+, in such a challenging enviranment, is reflective of the confidence in the company's business model and execution capabilities. DCW's primary focus on Speciality Chemical, and continuous improvement in the capacity utilization, will enhance stakeholders' confidence in the company's ability to significantly scale-up operations in the future."
About DCW
DCW is a specialty chemicals company, manufacturing PVC, C-PVC (chlorinated polyvinyl chloride), Caustic Soda, Soda Ash, and Synthetic Iron Oxide Pigment (SIOP). The Company is the only domestic
manufacturer C-PVC, a versatile thermoplastic used mainly for manufacturing hot and cold-water pipes, industrial liquid handling, and a wide range of products serving a variety of applications. DCW's Caustic Soda, SIOP and PVC Units are in close proximity to the Tuticorin Port in Tamil Nadu, giving the Company a competitive edge over its peers to export its products to global markets.
For more information, please contact:
Mr. Dilip Darji Mrs. Dikshita Jain/Chintan Mehta Sr. General Manager (Legal) & Company Secretary Consultant - Dickenson World DCW Limited Mob: + 91 9022487957/9892183389 Landline: +91 22 22871914/16 [email protected] [email protected]
Safe Harbour: This document may contain forward-looking statements about the Company, which are based on the beliefs, opinions, and expectations of the Company's management as the date of this press release and the companies do not assume any obligation to update their forward-looking statements if those beliefs, opinions, expectations, or other circumstances should change, These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. Consequently, readers should not place any undue reliance on such forwardlooking statements.