NDL Ventures Limited — Capital/Financing Update 2020

Feb 6, 2020

February 06, 2020

To To Dalal Street, Mumbai-400 001. Bandra (East), Mumbai-400 051.

BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra-Kurla Complex, Company Scrip Code: - 500189 Company Script Code: NXTDIGITAL

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 NXTDIGITAL LIMITED (Formerly known as Hinduja Ventures Limited) - "the Company".

Dear Sir / Madam,

We are in receipt of the Rating letter from ACUITE Ratings and Research Limited on February 06, 2020 for the period February 03, 2020 to March 18, 2021.

ACUITE Ratings and Research Limited has reaffirmed the long-term rating of 'ACUITE A+' (read as ACUITE A Plus) on Rs. 100 Cr. Buyer's Credit and 220 Cr. Term Loan of the Company. The Outlook is 'Stable'.

The Rating Letter received from ACUITE Ratings & Research Limited on February 06, 2020 is enclosed herewith.

Request you to take the same on records.

Thanking you.

Yours faithfully,

For NXTDIGITAL LIMITED (Formerly known as Hinduja Ventures Limited)

Ashok Mansukhani Managing Director DIN: 00143001

Encl: a/a

(Formerly known as Hinduja Ventures Limited)

Registered Office: IN CENTRE, 49/50 MIDC, 12" Road, Andheri (E), Mumbai - 400 093. T: +91 - 22-2820 8585 W: www.nxtdigital.co.in CIN. No.: L51900MH1985PLC036896

Rating Letter - Intimation of Rating Action

Nxtdigital Limited (Erstwhile Hinduja Ventures Limited) IN Centre, 49/50 MIDC 12th Road, Andheri (E) Mumbai, Mumbai 400093, Kind Attn.: Mr. Amar Chintopanth, CFO (Tel. No. 9819454772)

	Rating Letter - Intimation of Rating Action
February 2020 Letter Issued on: 03, March 18, Letter Expires 2021 on:		Scan this QR Code to verity authenticity of this rating
Nxtdigital Limited (Erstwhile 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 Nxtdigital Limited (Erstwhile 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.) Quantum of Enhancement (Rs. Cr.)	320.00	Not applicable
Rating	Not applicable ACUITE A+	Not applicable Not applicable
Outlook	Stable	Not applicable
Most recent Rating Action	Reaffirmed	Not applicable
Not applicable Date of most recent Rating Action February 03, 2020
Rating Watch Not applicable Not applicable
Acuité reserves the right to revise the ratings, along with the outlook, at any time, on the basis of new information, or other circumstances which Acuité believes may have an impact on the ratings. Such revisions, if any, would be appropriately disseminated by Acuité as required under prevailing SEB! guidelines and Acuité 's policies. This letter will expire on March 18, 2021 or on the day when Acuité takes the next rating action,
whichever is earlier. It may be noted that the rating is subject to change anytime even before the expiry date of this letter. Hence lenders / investors are advised to visit httos://www.acuite.in/ OR scan the QR code given above to confirm the current outstanding rating.
Acuité will re-issue this rating letter on March 19, 2021 subject to receipt of surveillance fee as applicable. If the rating is reviewed before March 18, 2021, Acuité will issue a new rating letter. r umonl J LOL hwy Y\
Suman Chowdhury President - Rating Operations
Annexures: A. Details of the Rated Instrument	B. Details of the rating prior to the above rating action

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Annexure A. Details of the rated instrument

Annexure A. Details of the rated instrument (Rs rer) Bank Scale Ratings Facilities Fund Based Facilities Yes Bank Buyer's Credit ACUITE A+/Stable Reaffirmed Long Term 100.00 Yes Bank Term Loan ACUITE A+/Stable Reaffirmed Long Term 220.00 Total Fund Based Facilities 320.00 320.00 Total Facilities Annexure B. Details of the rating prior to the above rating action Long Term Instruments Short Term Instruments Previous Rated Quantum Not applicable 320.00 Cr. ACUITE A+ Not applicable Not applicable Stable
					Rating Action
		Rating
		Outlook

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

	Long Term Instruments	Short Term Instruments
Previous Rated Quantum	320.00 Cr.	Not applicable
Rating	ACUITE A+	Not applicable
Outlook	Stable	Not applicable

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