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Gopal Snacks Limited — Capital/Financing Update 2024
Aug 8, 2024
59675_rns_2024-08-08_90f163ff-ec55-4db7-b37b-5ed016a46f01.pdf
Capital/Financing Update
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Ref: GSL/CS/SE/2024-25
Date: 08.08.2024
BSE Limited
Department of Corporate Services, Pheroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001
Script code: 544140
National Stock Exchange Limited
Exchange Plaza, 5[th] Floor, Plot No. C/1, G Block, Bandra-Kurla Complex, Mumbai – 400051 Symbol: GOPAL
Sub: Intimation regarding Credit Rating under Regulation 30 of (Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sir / Madam,
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we wish to inform you that CRISIL Ratings a Credit Rating Agency has upgraded its ratings on the bank facilities of the Company for the current F.Y. 2024-25, the details of which are as follows:
Total Bank Loan Facilities Rated Rs. 102 Crore Long Term Rating CRISIL A/Stable (Upgraded from ‘CRISIL A-/Positive’) Short Term Rating CRISIL A1 (Upgraded from ‘CRISIL A2+’)
A copy of the CRISIL Rating letter enclosed herewith.
The enclosed Rating Letter uploaded on Company’s website and the same can be accessed at www.gopalnamkeen.com
Please acknowledge and take on your record. Thanking You.
Yours Faithfully, For, GOPAL SNACKS LIMITED
Digitally signed by Gangani Mayur Gangani Mayur Popatbhai Popatbhai Date: 2024.08.08 12:11:33 +05'30' CS Mayur Gangani Company Secretary and Compliance officer Membership No. FCS 9980
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CONFIDENTIAL
RL/GPLSK/347104/BLR/0724/94332 July 29, 2024
Mr. Bipin V Hadwani
Director Gopal Snacks Limited Plot No 1, Survey No: 2322-24 GIDC, Lodhika, Village Metoda Rajkot - 360021 9825650265
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Dear Mr. Bipin V Hadwani,
Re: Review of CRISIL Ratings on the bank facilities of Gopal Snacks Limited
All ratings assigned by CRISIL Ratings are kept under continuous surveillance and review.
Please find in the table below the ratings outstanding for the debt instruments/facilities of the company, and the rating actions by CRISIL Ratings on the ratings as on date.
| Total Bank Loan Facilities Rated | Rs.102 Crore |
|---|---|
| Long Term Rating | CRISIL A/Stable(Upgraded from 'CRISIL A-/Positive') |
| Short Term Rating | CRISIL A1(Upgraded from 'CRISIL A2+') |
(Bank-wise details as per Annexure 1)
As per our Rating Agreement, CRISIL Ratings would disseminate the ratings, along with the outlook, through its publications and other media, and keep the ratings, along with the outlook, under surveillance over the life of the instrument/facility. CRISIL Ratings reserves the right to withdraw, or revise the ratings, along with the outlook, at any time, on the basis of new information, or unavailability of information, or other circumstances which CRISIL Ratings believes may have an impact on the ratings. Please visit www.crisilratings.com and search with the name of the rated entity to access the latest rating/s.
In the event of the company not availing the proposed facilities within a period of 180 days from the date of this letter, a fresh letter of revalidation from CRISIL Ratings will be necessary.
This letter will remain valid till March 31, 2025. After this date, please insist for a new rating letter (dated later than March 31, 2025).
Should you require any clarification, please feel free to get in touch with us.
With warm regards,
Yours sincerely,
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Nilesh Agarwal Associate Director - CRISIL Ratings
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Nivedita Shibu Director - CRISIL Ratings
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Disclaimer : A rating by CRISIL Ratings reflects CRISIL Ratings’ current opinion on the likelihood of timely payment of the obligations under the rated instrument, and does not constitute an audit of the rated entity by CRISIL Ratings. Our ratings are based on information provided by the issuer or obtained by CRISIL Ratings from sources it considers reliable. CRISIL Ratings does not guarantee the completeness or accuracy of the information on which the rating is based. A rating by CRISIL Ratings is not a recommendation to buy / sell or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. CRISIL Ratings has a practice of keeping all its ratings under surveillance and ratings are revised as and when circumstances so warrant. CRISIL Ratings is not responsible for any errors and especially states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of its ratings. CRISIL Ratings’ criteria are available without charge to the public on the web site, www.crisilratings.com . CRISIL Ratings or its associates may have other commercial transactions with the company/entity. For the latest rating information on any instrument of any company rated by CRISIL Ratings, please visit www.crisilratings.com or contact Customer Service Helpdesk at [email protected] or at 1800-267-1301
A subsidiary of CRISIL Limited, an S&P Global Company Corporate Identity Number: U67100MH2019PLC326247
CRISIL Ratings Limited
Registered Office: CRISIL House, Central Avenue, Hiranandani Business Park, Powai, Mumbai- 400 076. Phone: +91 22 3342 3000 | Fax: +91 22 3342 3001 www.crisilratings.com
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Annexure 1 - Bank-wise details of various facility classes (outstanding facilities)
| S.No. | Bank Facility | Bank | Amount (Rs. in Crore) |
Outstanding Rating |
|---|---|---|---|---|
| 1 | Cash Credit | HDFC Bank Limited | 100 | CRISIL A/Stable |
| 2 | Proposed Fund-Based Bank Limits |
-- | 1.69 | CRISIL A/Stable |
| 3 | StandbyLetter of Credit | HDFC Bank Limited | 0.31 | CRISIL A1 |
| Total | 102 |
Disclaimer : A rating by CRISIL Ratings reflects CRISIL Ratings’ current opinion on the likelihood of timely payment of the obligations under the rated instrument, and does not constitute an audit of the rated entity by CRISIL Ratings. Our ratings are based on information provided by the issuer or obtained by CRISIL Ratings from sources it considers reliable. CRISIL Ratings does not guarantee the completeness or accuracy of the information on which the rating is based. A rating by CRISIL Ratings is not a recommendation to buy / sell or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. CRISIL Ratings has a practice of keeping all its ratings under surveillance and ratings are revised as and when circumstances so warrant. CRISIL Ratings is not responsible for any errors and especially states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of its ratings. CRISIL Ratings’ criteria are available without charge to the public on the web site, www.crisilratings.com . CRISIL Ratings or its associates may have other commercial transactions with the company/entity. For the latest rating information on any instrument of any company rated by CRISIL Ratings, please visit www.crisilratings.com or contact Customer Service Helpdesk at [email protected] or at 1800-267-1301
A subsidiary of CRISIL Limited, an S&P Global Company Corporate Identity Number: U67100MH2019PLC326247
CRISIL Ratings Limited
Registered Office: CRISIL House, Central Avenue, Hiranandani Business Park, Powai, Mumbai- 400 076. Phone: +91 22 3342 3000 | Fax: +91 22 3342 3001 www.crisilratings.com