Deepak Nitrite Limited — Capital/Financing Update 2021

Mar 18, 2021

DNL/138/BSE/ 668t2021 March 18,2021

Department of Corporate Services BSE Limited Phiroje Jeejeebhoy Towers Datal Street MUMBAT - 400 001

Dear Sir,

Ref: Scrip Code - 506401

SUB: Intimation - Credit Ratinq

Pursuant to Regulation 30 of SEBI (Listing Obtigation and Disctosure Requirements) Regutations,2015, as per intimation received from CRlSlL 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 facilities 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+".

Ptease take the same on your record.

Thanking you,

Yours faithfutty

For DEEPAK NITRITE LIMITED

DEEPAK NITRITE LIMITED

CIN: 124110GJ1970P1C001735 Registered & Corporate Office: Aaditya - l, Chhani Road, Vadodara -390 024. 6ujarat, India. Tet:+912652765200/3960200 | Fax:+912652765344 Investor Relations Contact: investor@ godeepak.com www.godeepak.com