NDL Ventures Limited — Capital/Financing Update 2018

Nov 13, 2018

November 13, 2018

To Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001. Company Scrip Code: - 500189

To

National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex, Bandra (East), Mumbai-400 051. Company Script Code: HINDUJAVEN

Dear Sir/ Madam,

Sub: Disclosure under Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Rating of the Bank Loan Facilities of Hinduja Ventures Limited ("the Company")

ACUITE Ratings & Research Limited vide its letter dated November 12, 2018 has reaffirmed the long term rating of 'ACUJTE A+' (read as ACUITE A plus) on Rs. 100 crore bank facilities and assigned the long term rating of 'ACUITE A+' (read as ACUITE A Plus) on Rs. 220 crore bank facilities of the Company. The outlook is 'Stable'.

The Rating Letter dated November 12, 2018 received from ACUITE Ratings & Research Limited is enclosed herewith.

Request you to take the same on record.

Thanking You,

Yours Faithfully, For Hinduja Ventures Limited

��

Ashok Mansukhani Managing Director DIN: 00143001

Encl: as above

Cin. No.: L51900MH1985PLC036896

Hinduja Ventures Limited: In Centre, 49/50, M.I.D.C., 12th Road, Andheri (E), Mumbai· 400 093. Phone: 6691 0945 / 2824 8379 Fax: 6691 0988 Web: www.hindujaventures.com

Rating Letter - Intimation of Rating Action

Letter Issued on: November 12, 2018 Letter Expires on: March 20, 2019

Hinduja Ventures Limited IN Centre, 49/50 MIDC 12th Road, Andheri (E) Mumbai, Mumbai 400093

Kind Attn.: Mr. Amar Chintopanth, CFO (Tel. No. 9819454772)

Dear Mr. Chintopanth,

Sub.: Rating(s) Reaffirmed - Bank Loans / Debt Instruments of Hinduja Ventures Limited

Please note that the current rating(s) and outlook, instrument details, and latest rating action for the aforementioned instrument are as under:

	long Term Instruments	Short Term Instruments
Total Rated Quantum (Rs. Cr.)	320.00	Not applicable
Quantum of Enhancement (Rs. Cr.)	220.00	Not applicable
Rating	ACUITE A+	Not applicnhlf'
Outlook	Stobie	Not applicable
Most recent Roting Action	Reaffirmed	Not applicable
Date of most recent Rating Action	November l 2, 2018	Not applicable
Rating Watch	Not applicable	Not applicable

Acuite reserves the right to revise the ratings, along with the outlook, at any time, on the basis of new information, or other circumstances which Acuite believes may hove on impact on the ratings. Such revisions, if any, would be appropriately disseminated by Acuite as required under prevailing SEBI guidelines and Acuite's policies:

This letter will expire on March 20, 2019 or on the day when Acuite tokes the next roting action, whichever is earlier. It may be noted that the roting is subject to change anytime even before the expiry dote of this letter. Hence lenders / investors are advised to visit hltps://www.acuite.in/ OR scan the QR code given above to confirm the current outstanding roting.

Acuite will re-issue this roting letter on March 21, 2019 subject to receipt of surveillance fee os applicable. If the roting is reviewed before Morch 20. 2019, Acuite will issue o new rating lelter

Suman Chowdhury President - Rating Operations

Annexures:

A. Deto� ls of the Ra!ed ln� trument

. . for HINDUJA VENTURES LIMITEj B. Det01ls of the rating prior to the above rating action

. CERTIFIED TRUE COPY

��- Managing Direct...,1

Acuite Ratings & Research Limited

SEBI Registered / RBI Accredited l 02, Sumer Plaza, Marol Maroshi Rood, Moro I, Andheri (East), Mumbai - 400059 I +91 '2? 6 71 4 I I I I SMS: +91 9969898000 I www.acuite.in I CIN: U7 4999MH2005PLC 155683

�----

Annexure A. Details of the rated instrument

Bonk	Facilities	Scale	PreviousAmt.(Rs. Cr.)	RevisedAmt.(Rs. Cr.}	Ratings	Rating Action
	Fund Based Facilities
Yes Bank	Buyer's Credi!	Long Term	100.00	100.00	ACUITE A+/Stable	Reaffirmed
Yes Bank	Term Loan	Long Term	-	220.00	ACUITE A+/Stable	Assigned
	Total Fund Based Facilities		100.00	320.00
Total Facilities			100.00	320.00

Annexure B. Details of the rating prior to the above rating action

	Long Term Instruments	Short Tern;, Instrument�
Previous Rofed Quonfum	100.00 Cr.	Not applicable
Roting	ACUITE A+	Not applicable
OutlookStable		Not applicable

DISCLAIMER

An Acuite rating does not constitute an audit of the roted entity and should not be treated os o recommendation or opinion that is intended to substitute for a financial adviser's or investor's independent assessment of whether to buy, sell or hold any security. Acuite ratings ore based on the data and information provided by the issuer and obtained from other reliable sources. Although reasonable care hos been taken to ensure that the data and information is true, Acuite. in particular, makes no representation or warranty, expressed or implied with respect to the adequacy, accuracy or completeness of the information relied upon. Acuite is not responsible for any errors or omissions and especially stat.es that it hos no financial liability whatsoever for any direct, indirect or consequential loss of any kind arising from .the use of its ratings. Acuite ratings ore subject to o process of surveillance which may lead to o revision in ratings as and when the circumstances so warrant. Please visit our website /www.ocuite.in/ for the latest information on any instrument rated by Acuite, Acuity's rating scale and its definitions.

CERTIFIED TRUE copv For HfNDUJA VENTURES l)Mll ::..J

�� Managing Director