Goodricke Group Ltd. — Capital/Financing Update 2023

Nov 20, 2023

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To The Sr. General Manager, Dept of Corporate Services BSE Limited, P J Towers Dalal Street Mumbai — 400 001

Date: 20.11.2023

BSE SCRIP Code — 500166

Dear Sirs,

Sub: Intimation of Ratings in terms of Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Please be informed that ICRA Limited has affirmed the following rating to the Company’s Line of Credit facilities provided by the Banks, as per their communication received today:

Type of Credit Rating	Rating
Fund-based – Term Loan	[ICRA]A (Stable), downgraded from [ICRA]A+ (Stable)
Fund-based – Cash Credit/ WCDL	[ICRA]A (Stable)/ [ICRA]A2+, downgraded from [ICRA]A+(Stable)/ [ICRA]A1
Non-fund based – Letter of Credit/ Bank Guarantee	[ICRA]A (Stable)/ [ICRA]A2+, downgraded from [ICRA]A+(Stable)/ [ICRA]A1

They have further affirmed that the outlook on the Long Term Rating is stable.

The above information is being furnished to you pursuant to Regulation 30(6) read with Para A, Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Yours faithfully, For GOODRICKE GROUP LIMITED.

Digitally signed by ARNAB ARNAB CHAKRABORTY CHAKRABORTY Date: 2023.11.20 17:32:27 +05'30'

(ARNAB CHAKRABORTY) COMPANY SECRETARY

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