IRB Infrastructure Developers Limited — Capital/Financing Update 2022

Apr 30, 2022

April 30, 2022

Corporate Relationship Department,BSE LimitedPhiroze Jeejeebhoy TowersDalal Street, Mumbai- 400001.	Listing Department,National Stock Exchange of India LimitedExchange Plaza, C-1 Block GBandra Kurla Complex,Bandra(E),Mumbai - 400051

Ref: Scrip Code 532947; Symbol: IRB

Subject: Intimation of Change in Rating Outlook by India Ratings and Research (Ind-Ra)

Dear Sir/Madam,

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the India Ratings and Research (Ind-Ra) has revised IRB Infrastructure Developers Limited’s Outlook from Negative to Positive while affirming its Long-Term Issuer Rating at ‘IND A+’. The instrument-wise rating actions are as follows:

Instrument Type	Size of Issue(Million)	Affirmed Rating/Revised Outlook	Rating Action
Non – fund basedbank facilities	INR 12,000	IND A+/Positive/INDA1+	Outlook revised to Positive;Affirmed
Non-ConvertibleDebenture (NCDs)	INR 4,000(reduced fromINR12,500)	IND A+/Positive	Outlook revised to Positive;Affirmed
Term Loan	INR 12,315.3	WD	Withdrawn*

*Paid in full

Communication from the rating agency covering the rationale for rating can be viewed at https://www.indiaratings.co.in/pressrelease/58237

We request you to take the above on record.

For IRB Infrastructure Developers Limited

Mehulkuma Digitally signed by Mehulkumar Natwarlal Patel DN: c=IN, o=Personal, 2.5.4.20=94a78f064dab4ff39b7861edcf64ef c2459100e5464ea6f9ea45f7ffdd0e48dc, r Natwarlal postalCode=400607, st=Maharashtra, serialNumber=4a1816113b59302c922bb55 f82b11efd9325486d58d16564a6d1458dd0 Patel a6a0fe, cn=Mehulkumar Natwarlal Patel Date: 2022.04.30 09:24:04 +05'30'

Mehul Patel Company Secretary