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KRBL Ltd. — Capital/Financing Update 2023
Feb 28, 2023
58984_rns_2023-02-28_e578ab0e-222e-4470-845e-9016e524942e.pdf
Capital/Financing Update
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E:KRBL/BIBHU/STK_EX_2223/86 28[th] February 2023
The General Manager National Stock Exchange of India Limited Department of Corporate Services “Exchange Plaza”, C-1, Block-G BSE Limited Bandra-Kurla Complex Floor 25, Phiroze Jeejeebhoy Towers Bandra (E), Mumbai-400051 Dalal Street, Mumbai – 400 001 Scrip Code: 530813 Symbol: KRBL Series: Eq.
Sub: Disclosure for Revision in Rating
Dear Sir/Madam,
Pursuant to the provisions of Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), this is to inform that ICRA Limited (“ICRA”) has revised the rating for the banking facilities of the Company as follows:
as follows: |
|||
|---|---|---|---|
| Instrument | Previous Rated Amount (Rs. Crores) |
Current Rated Amount (Rs. Crores) |
Rating Action |
| Long Term - Fund based limits – Working Capital |
1,460.00 | 1,460.00 | [ICRA]AA(Stable); Upgraded from [ICRA]AA-(Stable) |
| Long Term - Fund based Unallocated |
115.00 | 115.00 | [ICRA]AA(Stable); Upgraded from[ICRA]AA-(Stable) |
| Short Term - Non-fund- based limits – LC / BG /Forward limit |
145.00 | 145.00 | [ICRA]A1+; rating reaffirmed |
| Short Term - Non-fund based unallocated |
78.00 | 78.00 | [ICRA]A1+; rating reaffirmed |
| Commercial Paper^ | 500.00 | 500.00 | [ICRA]A1+; rating reaffirmed |
| Total | 2298.00 | 2298.00 |
^carved out of working capital limits and proposed
We would like to reiterate that KRBL remains committed to maintain highest standards of probity and professional excellence and assures its investors/shareholders, of total and unflinching commitment. The Company continues to have a robust business model with adequate internal accruals to drive growth objectives.
Contd…(2)
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:2:
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Copy of this intimation is also available on the Company’s website at www.krblrice.com under the head Investor Relations.
Kindly take the above information on record.
Thanking you,
Yours Faithfully, For KRBL Limited
Digitally signed by JYOTI VERMA DN: c=IN, postalCode=122001, st=HARYANA, street=H NO 871 SECOND FLOOR GURGAONSECTOR 40NEAR JYOTI COMMUNITY CENTRE 122001, l=GURGAON, o=Personal, title=7135, serialNumber=e4a5c32bf0f695bc6dd9202 3f30f83262334c4279360d43c6c9bcc3126 2b5c3d, pseudonym=713520221018132322476, 2.5.4.20=5d7f1f48d3d1088e4300a3fd33ec VERMA 2d4cc733bf4f536c78b2669f51f3bf9312c7, [email protected], cn=JYOTI VERMA Date: 2023.02.28 16:58:06 +05'30'
Jyoti Verma Company Secretary
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