Lumax Auto Technologies Ltd. — Capital/Financing Update 2019

Dec 25, 2019

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LATL:CS:REG30:2019-20	Date: 25.12.2019
BSELimitedListingComplianceDepartmentPhiroze Jeejeebhoy Towers,Dalal Street, Mumbai - 400001	The National Stock ExchangeofIndia LimitedListingComplianceDepartmentExchangePlaza,C-1BlockG,Bandra Kurla Complex,Bandra(E), Mumbai - 400051
Company Code:532796	Symbol: LUMAXTECH

Ratings

CRISIL

An S&P Global Company

CO .••••FIIJE:,OO,TIAL

GDS 10947/23 I353/CP124 I22(1l 91 December 24, 2019

1\lr. Sanjay Mehta Group ChicfFinanciai Officer lumax Auto Technologies Limited 878, UJyog Vihar, Phasc.V Gurg,1011 - 122016

Dear Mr. Sanjay Mehta,

Il.e: CRISIL Rating on the Rs 50.0 croTe cOlIIlIIl'rrial paper (Enhanced from Rs. 20.0 Crort') of Lumax Auto Technologies Limited

All ratings assignc~ by CRISIL arc kept under cOlllinuous surveillance amI review.

CRISIL has, after due consideration, reaffirmed its "CRISIL 1\1+" (pronounced as CRISIL A one plus rating) rating on the captioned debt instrument. InstmlllelllS with this rating ,He considered to have very strong degree of safety regarding timely payment of lin<lncial obligations. Such instruments carry lowesl credit risk.

For the purpose of issuance of captioned commercial paper prograrnrllc. this letter is valid for liO calendar days from the date ofthc letter. In the event of your company not placing the above programme within this period, or in the event of allYchangc in the size/structurc of your proposed issue, the rating shalllmve to be re.•..ie"".cd and a letter of revalidation shall have 10 he issucd to you. Oncc the instrument is issued, the above rating is valid (unless revised) throughout the life of thc captioncd commercial papcr with a maximum maturity of onc year.

As per our Rating Agreement, CRISIL would disseminate thc rating through its publications and other mcdia. ,md keep thc rating under survcillancc for the life of thc instrument. CRISIL reserves the right to withdraw or revise the ratings assigned to the c<lptioned instrument <It <Iny time, on the basis of new inform<ltion. or unavaiI<lbility of information or other Clrcumst:mccs, which CRISIL bclicvcs, may have an impact on the rating.

Should you require any clarifications, plcase feel free 10get ill touch with us.

With wann regards.

Yours sincerely.

• -----••••-> ------::--..y.s:> __-;:/•••. -- • ".:.....-.,...~ , Samccr Charania Nivcllila Shibu Director ~CRISIL Ratings Associate DirectorCRISIL Ratings

A CRfS!l rating reflects CRISll's current opinion on the likelihood of Imlely payment of rhe obllgiJtJons under tile riJted mstrument and does not conslitute an audir of the raled enlily by CR/SIL. CR/SIL rarings are based on information provided by the issuer or obtained by CR/SIL from sources it considers reliable. CRIS/L does nO! guafantee the compleleneSS or accuracy of the in/ormarion on which l/1e raring is based. A CRIS/L raling is nol a recommendation 10 buy. :iel!. or hold l/1e rated insrrument: iI does nor comment on rhe markel pnce or suitabilily for a particular investor. All CRISIL ratmgs are under surveillance. CRISIL or ,ts associates may have other commercial transactions with the company/entily. Ratongs are revised as and when circumstances so walTant. CRISIL is not responsibie for any errors and especially stales l/1at i/ has no financialliablilly whatsoever ro l/1e subscribers / users / transmitrers / distributors of rhis product. CRIS/L Rarings rating crilena are available wi/hoW cllarge ro Ihe public on the CRISIL web site, www.crisi/com. For the larest ratmg information on any instrument of any company raled by CR!SIL. please conracl CuSlomer Service Helpdes/l. at 1800--267. 1301. 'rgl<:.n ..

Corporate Identity Number: L67120MH1987PlC042363

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