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Elgi Equipments Ltd. — Capital/Financing Update 2023
Nov 29, 2023
60896_rns_2023-11-29_a60217fc-2e63-4622-b382-f944b32e4603.pdf
Capital/Financing Update
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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 : NEAPS Dear Sir/Madam,
Through : BSE Listing Centre
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 November 29, 2023. The total Bank loan facilities considered for rating is Rs. 456 Crores 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 (crisilratings.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 Date: 2023.11.29 Y 21:42:51 +05'30' S Prakash Company Secretary
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