IRB Infrastructure Developers Limited — Capital/Financing Update 2024

Sep 11, 2024

September 11, 2024

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: Update regarding Credit rating - CRISIL Ratings Limited

Dear Sir/Madam,

This is to inform you that CRISIL Ratings has reaffirmed its ‘CRISIL AA- / Stable/CRISIL A1+’ rating on the Rs 1,700 crore bank facilities of the Company. CRISIL Ratings has withdrawn its rating on nonconvertible debentures (NCD) of Rs. 258 crore NCDs (original issue of Rs. 350 crores in September 2021) and Rs. 500 crore long-term loans of the Company on receipt of third-party confirmation that these NCDs and loans have been paid off.

Rating action (affirmation) is as follows –

Total Bank Loan Facilities Rated	Rs.1,700 Crore(reduced from Rs.2,200 Crore)
Long Term Rating	CRISIL AA-/Stable(Reaffirmed)
Short Term Rating	CRISIL A1+(Reaffirmed)
Rs. 258 Crore NCD*	Withdrawn(CRISIL AA-/Stable)

*Original issue of Rs 350 crore in September 2021

Communication from the rating agency covering the rationale for rating can be viewed at https://www.crisilratings.com/mnt/winshare/Ratings/RatingList/RatingDocs/IRBInfrastructureDevelo persLimited_September%2011_%202024_RR_351313.html

We request you to take the above on record.

For IRB Infrastructure Developers Limited

MEHULKUMAR Digitally signed by MEHULKUMAR NATWARLAL NATWARLAL PATEL PATEL Date: 2024.09.11 15:24:27 +05'30' Mehul Patel Company Secretary