Deepak Nitrite Limited — Capital/Financing Update 2020

Jun 19, 2020

DNU140/NSE/1 120t2020 June 19,2020

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

Dear Sir,

Ref: Stock Symbol - DEEPAKNTR

SUB: lntimation - Credit Ratino

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that ICRA Limited has re-affirmed the longterm rating of Line of credit at ICRAI AA- (pronounced ICRA double A minus) and Short Term rating at [CRA] A1+ (pronounced ICRA A one plus) assigned to the fund based limits and non-fund based limits of Deepak Nitrite Limited (DNL).The outlook on the long-term rating has been revised from Stable to Positive.

ICRA has also re-affirmed the rating at [CRA] A1+ (pronounced ICRA A one plus) assigned to the Commercial Paper programme of DNL.

Further, ICRA Limited has upgraded long term rating from tlCRAl A- (pronounced ICRAA minus) to [CRA]A (pronounced ICRAA) and the short-term rating from [CRA] A2+ (pronounced ICRA A two plus) to flCRA] Al (pronounced ICRA A one) assigned to the bank facilities of Deepak Phenolics Limited, wholly owned subsidiary of DNL. The outlook on the long-term rating is Stable.

Please take the same on your record.

Thanking you,

Yours For rfully AK NITRITE LIMITED

DEEPAK NITRITE LIMITED CIN: 124110GJ1970PlC001735 Hyderabad Specialities Division I U nit- I I l, Plot No. 22, Phase - l, I DA, Jeed imetla, Hydera bad - 500 055. Telangana, I nd ia. Te[: +91 40 2309 3533/2309 3544 | Fax: +91 40 2309 3588 Registered & Corporate Office: Aaditya-1, Chhani Road, Vadodara-390 024. Gujarat, India. Te[:+912552765200/3960200 | Fax:+912552765341 Investor Relations Contact: investor@deepaknitrite.com www.deepakn itrite.com