IRB Infrastructure Developers Limited — Capital/Financing Update 2024

Jan 5, 2024

January 5, 2024

To,

Corporate Relationship Department,BSE LimitedPhiroze Jeejeebhoy TowersDalal Street, Mumbai 400 001.	Listing Department,National Stock Exchange of India LimitedExchange Plaza, C-1 Block GBandra Kurla Complex, Bandra (E), Mumbai 400 051

Ref: Scrip Code 532947; Symbol: IRB

Subject: Update regarding Credit rating - India Ratings and Research

Dear Sir / Madam,

This is to inform you that India Ratings and Research (Ind-Ra) has affirmed IRB Infrastructure Developers Limited’s (IRB) Long-Term Issuer Rating at ‘IND AA-’. The Outlook is Stable.

The instrument-wise rating actions are as follows:

Instrument Type	Size of Issue(billion)	Rating/ Outlook	Rating Action
Term Loan	INR 4.00	IND AA-/Stable	Affirmed
Non – fund basedworkingcapital limits	INR 12.00	IND AA-/Stable/INDA1+	Affirmed
Non-ConvertibleDebentures(NCDs)	INR 2.00	IND AA-/Stable	Affirmed

For Rating Rationale kindly refer below link –

https://www.indiaratings.co.in/pressrelease/67926

We request you to take the above on record.

For IRB Infrastructure Developers Limited

MEHULKUM Digitally signed by AR MEHULKUMAR NATWARLAL PATEL NATWARLAL Date: 2024.01.05 PATEL 18:17:36 +05'30'

Mehul Patel Company Secretary