Deepak Nitrite Limited — Capital/Financing Update 2020

Jun 19, 2020

DNUl 38/BSE/620|2020 June 19,2020

Department of Corporate Services BSE Ltd. Phiroje Jeejeebhoy Towers Dalal Street MUMBAT - ⁴⁰⁰⁰⁰¹

Dear Sir,

Ref: Scrip Code - 506401

SUB: Intimation - Credit Ratinq

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regufations,2015, we wish to inform you that ICRA Limited has re-affirmed the longterm rating of Line of credit at [CRA] 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 flCRAI A1+ (pronounced ICRA A one plus) assigned to the Commercial Paper programme of DNL.

Further, ICRA Limited has upgraded long term rating from [CRA] A- (pronounced ICRAA minus) to |CRAIA (pronounced ICRAA) and the short-term rating from [CRA] A2+ (pronounced ICRA A two plus) to [CRA] A1 (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,

I Yours For ifully AK NITRITE LIMITED

SANJAY UPADHYAY Director-Finance & CFO

DEEPAK NITRITE LIMITED

Cl N: 124110GJ1970P1C001735 Registered & Corporate Office: Aaditya-1, Chhani Road, Vadodara-390 024. Gujarat, India. Tel: +91 265 276 5200/396 0200 | Fax: +91 265 ^2765344 Investor Relations Contact: investor@ godeepak.com wwwgodeepak.com