IRB Infrastructure Developers Limited — Capital/Financing Update 2025

Jan 3, 2025

January 3, 2025

Corporate Relationship Department,	Listing Department,
BSE Limited	National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers	Exchange Plaza, C-1 Block G
Dalal Street, Mumbai-400001.	Bandra Kurla Complex, Bandra (E), Mumbai–400051

Ref: Scrip Code 532947; Symbol: IRB

Subject: Update regarding Credit rating - India Ratings and Research (Ind-Ra)

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 TypeNon – ConvertibleDebentures (NCDs)Non – fund basedworking capital limitsTerm Loan	Size of Issue(INR Million)630(reduced from 2,000)12,0003,419(reduced from 4,000)	Rating/ OutlookIND AA-/StableIND AA-/Stable/IND A1+IND AA-/Stable	RatingActionAffirmedAffirmed
			Affirmed

Communication from the rating agency covering the rationale for rating can be viewed at – https://www.indiaratings.co.in/pressrelease/74223

We request you to take the above on record.

For IRB Infrastructure Developers Limited

Digitally signed by Mehulkumar Mehulkumar Natwarlal Patel Natwarlal Patel Date: 2025.01.03 16:51:02 +05'30'

Mehul Patel Company Secretary