Kabra Extrusion Technik Ltd — Capital/Financing Update 2019

Jun 21, 2019

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KET/SEC/SE/ZOIEH‘)

June 21,[2019]

ESE Limited Floor 25, I’himze Iccfccbhny Tower, Dalal Street, Mumbai 400 001 ,

Scrip[Code:][ 524109]

National Stock Exchange inaia Limiled, Exchange Plan, 01,[Block—G,] Bandrzl Kurla Complex, Bandra (Fast), Mumbai-400051.

Stock Code: KABRAEXTRU

Dear Sir/ Madam,

Sub; Intimnlion of revision in Credil Racing under Regulation 30(6)[of the][51531] (Listing Obligalion[and][Disclosure] Requirements) Regulations,[21715]

Pursuant to Regulation 30(5)[of][the] 51331 (Listing Obligation and Disclosure Requirements) Regulannns,[2015,] we[forward][herewith][ a] Copy[of][ lener][ received][from] CRISIL Ltd. in respect of revision in Credit Rating,

You are m take the above information on records. roquested

Thanking you,

Yours truly, For Kabta ExmnsiontechnikLtd. ‘flz[Linn/Lid] ‘ Arya[K,][ Chachad] Company Secremy

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CRISIL

Ratings

An S&PGlobalCompany

CONFIDENTIAL

KABEXTR/223549/BLRJ061900599 June 20, 2019

Mr. Daulat Jain Chief Financial Officer Kabra Extrusiontcchnik Limited Fortune Terraces, 10th Floor, New Link Road, Andheri (West) Mumbai - 400053

Dear Mr. Daulat Jain.

He: l~evie\V ofCRISIL Ratings on the bank facilities of Kabra Extrusiontcchnik Limited

All ratings assigned by CRISIL are kept under continuous surveillance and review.

Please find in the table below the ratings outstanding for the debt instruments/facilities of the company, and the rating actions by CRISIL on the ratings as on dale.

rating actions by CRISIL on the ratings as on dale.
Total Bank Loan FacilitiesRated	Rs.54 CroreCRISILA/Stable		fromCRISIL
Long-TermRating		(Downgraded
	A+/Neeative)
Short-TermRatilll!(Bank-wise details as per AnnexlireI)	CIUSILAl (Reaffirmed

As per our Rating Agreement, CRISIL would disseminate the ratings, along with the outlook, through its publications and olhcr mcdia, and keep thc rillings, along with the outlook, under surveillance over the life of the instrument/facility. CRISIL reserves the right to withdraw, or revise the ratings, along with thc outlook, at any time, on the basis of new infonnation, or unavailability of infonnation, or other circumstances which CRISIL believes may have an impact on the ratings.

In the event ofthc company not availing the proposcd facilitics within a pcriod of 180 days from the dale of this letter, a fresh ICllcr of revalidation from CRISIL will be necessary.

Should you require any clarifications, please feel free to gcl in touch with us.

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----- Start of picture text ----- Wilh warm regards,¥tnYours sincerely, CRIILo,'- '.~~- -;;---Nitesh Jain Nivcdita ShibuDirector - CRISIL Ratings Associate Dircctor - CRISIL Ratings----- End of picture text -----

A CR/SIL rating reflects CRI$IL's current opinion on the likelihood of timely payment of the obligations under the rated instrument and does not constitute an audit of the rated entity by CRISIL CRI$IL ralings are based on information provided by the issuer or obtained by CRI$IL from sources it considers reliable. CRI$IL does nOl guarantee the completeness or accuracy of the information on which the rating is based, A CRIS/L rating is not a recommendation to buy, sell. or hold the rated instrument; it does not comment on the market price or suitability fOf a pal1icular investor. All CR/SIL ratings are under surveillance, CRIS/L or its assodates may have other commercial transactions with the companylenllty. Ratings are revised as and when c,rcumstances so warrant. CRtSIL is not responsible tor any errors and especially states that it has no financial/iability whatsoever to the subscribers / users / transmitters I distributors of this product. CRIStL Ratings rating criteria are aV8llabie without charge to the public on the CRISIL web site. www.cnsilcom. For the latest rating information on any instrument of any company rated by CRISIL, please contact Customer Service Helpdesk at HUX1-267130/. CR1SIlLlmited

Corporata Identity Number: l67120MH1987PlC042363

CRISll House, Central Avenue, Hiranandani Business Park, Powai, Mumbai. 400076. Phone: +91 2233423000 I Fall: +91 2240405800 www.crlsil.com

Ratings

CRISIL

An S&P Global Company

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----- Start of picture text ----- Annuure I - Bank-wise details of'arious facility c:Iasses(outstandin~ facilities)Amount (Rs. in Ouhtandin~S.No. Dank Facility RankCrOTe) Ratim'I Bank Guarantee State Bank of India 3.0 CRI51L Al2 Cash Credit State Bank of India 9.0 CRISIL NSlablcKalak Mahindra Bank3 Cash Credit 20.0 CRISIL NSlablcLimited4 Cash Credit YES Bank Limited 20.0 CRISIL AlStable5 Letter of Credit State Bank of India 1.0 CRISIL AIProposed Long Term Bank6 Proposed 1.0 CRISIL AI$tablcLoan FacilityTotal 54.0----- End of picture text -----

1. 1ll1erchangeable up (0 Rs 7.5 crare with export packing credit. fully interchangeable with bill discOllnling. interchangeable up to Rs 7.5 crare with export bill discounting/negotiation.

3&4. Fully inrerchangeable with packing credit, working capital demand loan, foreign bills purchase/discounting/negoTiation, post- shipment credit inforeign currency, hilyer's credit, I1ndletter of ere,lil (Rs 30 Crs): interehangeahle lip 10 Rs 10 erore with bank guarantee.

A CRIS/L rating reflects CR/SIL's current opinion on the likelihood of timely payment of the obligations under the rared instrument and does not constitute an audit of the rated entity by CR/SIL. CRISIL rarings are based on information provided by the issuer or obtained by CR/SIL from sources it considers reliable. CRISIL does not guarantee the completeness Of accuracy of the information on which the rating is based. A CRISIL rating IS nor a recommendalion 10 buy, sell. or hold the rared instrument; it does not comment on the marlo;et price or suitability for a partiCular Investor. An CRISIL ratings afe under surveillance. CR/SIL or its associares may have other commercia/transactions with the company/entity. Ratings are revised as and wilen circumstances so warrant, CR/SIL is not responsJble for any errors and especially states that it has no financial liability whatsoever to /he subscribers / users / transmitters / distributors of rhis prodUCI. CR/$IL Ratings rating critefJa are available without charge to the public on the CRISIL web site. www.crisil.com For the latest rating information on any instrument of any cOmpanY.filled bt CRISIL, please contact Customer Service He/pdesl<:at 18()().267- 1301. CRISIL. Imlted

Corporate Identity Number; L67120MH1987PLC042363

CRISIL House, Centrel Avenue, Hiranandani Business Park, Powai, Mumbai. 400076. Phone: +91 223342 3000 I Fax: +91 2240405800 www.crlsll.com