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Indo Count Industries Ltd Capital/Financing Update 2020
61460_rns_2020-09-24_c411179c-0b43-4acc-9395-b14d145afab7.pdf
Capital/Financing Update
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September 24, 2020
| The National Stock Exchange of India ltd. | BSELimited |
|---|---|
| Listing Department | Department of Corporate Services |
| Exchange Plaza, | Floor 25, Phiroze Jeejeebhoy Towers, |
| Sandra Kurla Complex, Sandra (East), | Dalal Street, |
| Mumbai - 400051 | Mumbai - 400 001 |
| Company Symbol: IOl | Scrip Code No.: 521016 |
Dear Sir/Madam,
Sub: Reaffirmation of Credit Rating by CARERatings
Pursuant to Regulation 30 of the SESI(Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to intimate that, CARE Ratings ("Rating Agency") vide its press release dated 23rd September, 2020 has reaffirmed the credit rating for the Company's bank facilities as under:
- a) For the short term bank facilities "CAREA1 (A one)". The said credit rating signifies very strong degree of safety regarding timely servicing of financial obligations. Such facilities carry lowest credit risk.
- b) For long term bank facilities "CAREA+; Stable" (Single A Plus; Outlook: Stable). The said credit rating signifies adequate degree of safety regarding timely servicing of financial obligations. Such facilities carry low credit risk.
Kindly take the above information on record.
Thanking you,
Yours faithfully,
Chief Financial Officer
Indo Count Industries Ltd
Head Office: 301, Arcadia, 3rd Floor, Nariman Point, Mumbai - 400 021, Maharashtra, India;T: 0224341 9500, F: 022 2282 3098 Marketing Office: Dosti Imperia, 2nd floor, Manpada, Ghodbunder Road, Thane (w) - 400 607, Maharashtra, India; T: 0224151 1800, F: 022 2172 0121 Home Textile Division: T3, Kagal- Hatkanangale Five Star, MIDC Ind. Area, Kolhapur - 416216, Maharashtra, India; T: 0231 6627900, F: 02316627979 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, Dis!. Kolhapur - 416109, Maharashtra, India; T: 02302463100/2461929 GIN: L72200PN1988PLG068972, E: [email protected], W: www.indocoun!.com