GARWARE TECHNICAL FIBRES LIMITED — Capital/Financing Update 2021

Feb 2, 2021

GTFL:SEC:2021 February 02,2021

BSE Limited Corporate Relationship Department, New Trading Ring, Rotunda BUilding, P. J. Towers, Dalal Street, Fort, Mumbai 400001. (Company code: 509557)

National Stock Exchange of India Ltd.

Exchange Plaza, Plot No. C/1, 'G' Block, Bandra-Kurla Complex, Bandra East, Mumbai 400051. (Symbol: GARFIBRES, Series: EQ)

Sub.: Pursuant to Regulation 30(6) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Credit Rating.

Dear Sirs,

This is to inform you that the ICRA Limited has reaffirmed its rating for facilities availed by the Company, as under:

Facility		Rating
BankingFacility -	On Long Term Scale	[ICRA] AA (Stable)
Rs. 235.39 crore		(pronouncedICRA double A)
	On Short Term Scale	[ICRA]A1+
		(pronouncedICRA A one plus)
CommercialPaper -	On Short Term Scale	[ICRA]A1+
Rs. 15.00 Crore		(pronouncedICRA A one plus)

Please take the same on record and acknowledge the communication.

Thanking you,

Yours faithfully,

For GARWARE TECHNICAL FIBRES LIMITED

I

~ Company Secretary M. No. FCS6407