InterGlobe Aviation Limited — Capital/Financing Update 2020

Jul 29, 2020

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July 29, 2020

IGAL/SECT/07-20/09

To To National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, C - 1, Block G BSE Limited Bandra Kurla Complex Phiroze Jeejeebhoy Towers Bandra - (E) Dalal Street Mumbai - 400 051 Mumbai - 400 001 Symbol: INDIGO Scrip Code: 539448

Dear Sir,

Sub : Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

This disclosure is being made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This is to inform the exchanges that ICRA Limited has reaffirmed the Company’s long-term rating at [ICRA] A+, (negative). The short-term rating of the Company has been downgraded by one notch from [ICRA] A1+ to [ICRA] A1.

ICRA Limited has acknowledged the Company’s strong market position, cost efficient structure and robust liquidity profile amongst its peers but attributed the downgrade of the Company’s short-term rating to the unprecedented disruptions caused by COVID-19 pandemic and its consequential impact on the global and domestic demand for air travel.

While the airline industry is going through an unprecedented crisis, the Company’s balance sheet remains strong. The Company had a total cash reserve of INR 18,450 crores and a free cash reserve of INR 7,526 crores as of 30[th] June 2020. The Company has taken a number of actions to cut costs and is further working on a number of short-term measures to boost its liquidity.

Yours truly, For InterGlobe Aviation Limited

Digitally signed by SANJAY KUMAR GUPTA SANJAY DN: c=IN, o=Personal, postalCode=400070, st=MAHARASHTRA, KUMAR serialNumber=4614788785ee5d813 628a75e689355a21763684e9cedea1 2d6c053212848c376, cn=SANJAY GUPTA KUMAR GUPTA Date: 2020.07.29 20:43:58 +05'30' Sanjay Gupta Company Secretary and Chief Compliance Officer

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