Deepak Nitrite Limited — Capital/Financing Update 2021

Mar 18, 2021

DNL / 1 40 / NSE/ 1 1 69 / 2021 March tr9,2021

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

Dear Sir,

Ref: Stock Svmbot - DEEPAKNTR

SUB: Intimation - Credit Ratine

Pursuant to Regutation 30 of SEBI (Listing Obtigation and Disclosure Requirements) Regutations,2015, as per intimation received from CRISIL Limited on 18th March, 2021, we wish to inform you that CRISIL Limited has upgraded long term rating outtook of Deepak Nitrite Limited ("Company"), for Bank Loan facitities of t ⁷⁵⁰ crores of the Company, from "CRlSlL M-/Positive" to "CRlSlL AA/Stable" and has re-affirmed Short Term rating as "CRlSlL A1+".

Please take the same on your record.

Thanking you,

Yours faithfutty

For DEEPAK NITRITE LIMITED

DEEPAK NITRITE LIMITED

CIN: 1241"10GJ1970P1C001735 Registered & Corporate Office: Aaditya- l, Chhani Road, Vadodara-390 024. Gujarat, India. Tel:+912652765200/3960200 | Fax:+91265 2765344 Investor Relations Contact: investor@ godeepak.com www.godeepak.com