Deepak Nitrite Limited — Capital/Financing Update 2020

Sep 16, 2020

DNL/140/NSE/1140/2020 September 16, 2020

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

Dear Sir.

Ref: Stock Symbol - DEEPAKNTR

SUB: Intimation - Credit Rating

Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we wish to inform you that CRISIL Limited has upgraded long term rating outlook of Deepak Nitrite Limited ("Company"), for Bank Loan facilities of Rs. 750 crores of the Company, from "CRISIL AA-/Stable" to "CRISIL AA-/Positive" and has re-affirmed Short Term rating as "CRISIL A1+".

Please take the same on your record.

Thanking you,

Yours faithfully

For DEEPAK NITRITE LIMITED

VIND BAURAI Company Secretary

DEEPAK NITRITE LIMITED

CIN: L24110GJ1970PLC001735 Registered & Corporate Office: Aaditya-I, Chhani Road, Vadodara-390 024. Gujarat, India. Tel: +91 265 276 5200/396 0200 | Fax: +91 265 276 5344 Investor Relations Contact: investor@godeepak.com www.godeepak.com