Elgi Equipments Ltd. — Capital/Financing Update 2022

Sep 23, 2022

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National Stock Exchange of lndia Ltd. Exchange Plaza, C-1, Block G Bandra Kurla Complex Bandra (E) Mumbai - 400 051

BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001

Through : Digital Exchange

Through : BSE Listing Centre

Dear Sir/Madam,

Subject: Intimation of Credit Rating NSE Scrip Code: ELGIEQUIP / BSE Scrip Code: 522074

Pursuant to Regulation 30 of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find below the details of Credit Rating of the Company assigned by CRISIL Ratings Limited (“CRISIL”) vide their communication dated September 22, 2022. The total Bank loan facilities considered for rating is Rs. 456 Crore (enhanced from Rs. 431 Crore) and that there are no changes in ratings assigned by CRISIL from the previous report.

Rating Action

Rating Action
Type of Rating	Credit Rating
LongTerm bank facilities	CRISIL AA/Stable(Reaffirmed)
Short Term bank facilities	CRISIL A1+(Reaffirmed)

The rating rationale provided by CRISIL can be accessed using link: Rating Rationale (crisil.com)

The aforesaid information is also being made available on the Company’s website viz., www.elgi.com

We request you to kindly take the above information on record.

Thanking you, Yours truly,

For Elgi Equipments Limited

PRAKASH Digitally signed by PRAKASH SIVASAM SIVASAMY Y Date: 2022.09.23 13:50:24 +05'30'

S Prakash Company Secretary

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