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Indo Count Industries Ltd Capital/Financing Update 2019
61460_rns_2019-07-20_9ab033cc-931c-4a55-8b60-48f43410d8f1.pdf
Capital/Financing Update
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Complete Comfort
zo'" July,2019
| The National Stock Exchangeof India ltd. | SSELimited |
|---|---|
| Listing Department | Department of Corporate Services |
| ExchangePlaza, | Floor 25, PhirozeJeejeebhoyTowers, |
| SandraKurlaComplex,Sandra(East), | DalalStreet, |
| Mumbai - 400 051 | Mumbai - 400 001 |
| CompanySymbol: JCIl | Scrip Code No.: 521016 |
Dear Sir/Madam,
Sub:Credit Rating:Intimation under Regulation 30 of SEBI(Listing Obligations and Disclosure Requirements)Regulations,2015
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that on review of financial performance of the Company for the year ended 31st March, 2019, ICRAhas revised the rating of credit facilities of the Company as under:
- a) For the short term credit facilities from "A1+" to "AI (A one)". The said credit rating signifies very strong degree of safety regarding timely servicing of financial obligations. Suchfacilities carry lowest credit risk.
- b) For long term credit facilities from "AA-" to "A+(A pius}" with outlook revisedto Stablefrom Negative.Thesaid credit rating signifiesadequatedegreeof safety regardingtimely servicingof financialobligations.Suchfacilities carry low credit risk.
Kindly take the above information on record.
Thankingyou,
Yoursfaithfully,
ForIndo Count Industries Limited
Amruta Avasare CompanySecretary& Compliance Officer
Indo Count Industries Ltd
Head Office: 301,Arcadia, 3rd Floor, Nariman Point, Mumbai - 400 021, Maharashtra, India;T: 022 4341 9500, F: 022 2282 3098 Marlleting Office' Dosti Imperia, 2nd floor, Manpada, Ghodbunder Road, Thane (w) - 400 607, Maharashtra, India;T: 0224151 1800, F: 0222172 0121 Home Textile Division' T3, Kagal - Hatkanangale Five Star, MIDC Ind. Area, Kolhapur - 416216, Maharashtra, India;T: 02316627900, F: 0231 6627979 Spinning Division: D1. MIDC, Gokul Shirgaon, Kolhapur - 416234, Maharashtra, India;T: 0231 2687400, F: 0231 2672161 Regd. Office: Office No.1, Plot No. 266, Village Alte, Kumbhoj Road,Taluka Hatkanangale, Dist. Kolhapur - 416109, Maharashtra, India;T: 02302463100'2461929 CIN: L72200PN1988PLC068972, E: [email protected], W: www.indocount.com