India Cements Ltd. — Capital/Financing Update 2020

Apr 15, 2020

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SH/NSE

15[th] April 2020

National Stock Exchange of India Ltd Exchange Plaza, 5th Floor Plot No.C/1, G Block Bandra-Kurla Complex Bandra (E) MUMBAI 400 051.

Dear Sirs,

Sub.: CERDIT RATING for facilities – Disclosure under Regulation 30(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This is to inform you that Credit Analysis & Research Limited (CARE) has revised the ratings assigned to our facilities as under:

Facilities	Rating	Rating Action
Long-term Bank Facilities &Non-Convertible Debentures	CARE A-; Stable(Single A Minus;Outlook: Stable)	Revised fromCARE A; Stable(Single A;Outlook: Stable)
Short-term Bank Facilities	CARE A2+(A Two Plus)	Revised fromCARE A1(A One)

Thanking you,

Yours faithfully,

For THE INDIA CEMENTS LIMITED Sd/COMPANY SECRETARY

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