Indian Hume Pipe Co. Ltd. — Capital/Financing Update 2021

Oct 2, 2021

HP/SEC/ 2

nd October, 2021

1. BSE Ltd. Corporate Relationship Department, 1 st Floor, New Trading Ring, Rotunda Building, P. J. Towers, Dalal Street, Fort, Mumbai - 400 001

2. National Stock Exchange of India Ltd. Exchange Plaza, 5th floor, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051

Sub: Regulation 30 (2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Re: Credit Rating for Bank Facilities ---------------------------------------------------------------------------------------

Dear Sirs,

This is to inform you that CARE Ratings Limited have reviewed and reaffirmed/revised the Company's total Bank Facilities of Rs.1,987.50 Crores vide their letter No.CARE/HRO/RL/2021-22/1404 dated October 01, 2021 and forwarded to the Company vide email dated 1 rd October, 2021 as detailed below.

Facilities	Amount(Rs. Crores)	Rating1	Rating Action
Long Term Bank	Rs.777.50	CARE A-; Negative	Reaffirmed; Outlook
Facilities	(Reduced from Rs.854.50)	(Single A Minus; Outlook:Negative)	revised from Stable
Long Term /	Rs.1,150.00	CARE A-; Negative /	Revised from CARE A-;
Short Term	(Enhanced from 1073.00)	CARE A2 (Single A	Stable / CARE A2+
Bank Facilities		Minus; Outlook:	(Single A Minus;
		Negative/ A Two)	Outlook: Stable / A Two
			plus)
Short Term	Rs.60.00	CARE A2	Revised from CARE
Bank Facilities		(A Two)	A2+(ATwo Plus)
Total Facilities	Rs. 1,987.50(Rs. One Thousand NineHundred Eighty-SevenCrore and Fifty Lakhs Only)

1Complete definitions of the ratings assigned are available at www.careratings.com and in other CARE publications.

The change in rating and outlook was attributed to subdued financial performance during FY 2020-21 with impact of COVID-19.

Please take the above information on record.

Thanking you,

Yours faithfully, For The Indian Hume Pipe Company Limited, S. M. Mandke Company Secretary FCS-2723 SUBHASH MADHUSUDAN MANDKE Digitally signed by SUBHASH MADHUSUDAN MANDKE Date: 2021.10.02 17:34:20 +05'30'