NRB Bearings Ltd. — Capital/Financing Update 2021

Sep 3, 2021

September 3, 2021

	BSE Limited Corporate Relationship Department 1stFloor, P.J. Towers, Dalal Street Mumbai 400 001	National Stock Exchange of India Limited Listing Department-Corporate Services Exchange Plaza, 5thFloor, Plot No. C/1 Bandra Kurla Complex BandraEast,Mumbai 400051

Code No. 530367/ NRBBEARING

Sub: Credit Ratings for the long term and short term facilities of the Company by CRISIL Ratings Limited

Dear Sir,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Company’s policy on Determination of material events, we hereby inform you that CRISIL Ratings Limited, the rating agency re-affirmed/assigned the Company’s credit rating as per details as under:

Sr.No.	Facilities	Amount in Rs. Crores	Rating	Rating Action
1	Long Term Bank Facilities	382.00	CRISIL AA-/Stable	Outlook revised from Negative and Rating re-affirmed
2	Non-Convertible Debenture Issue	30.00	CRISIL AA-/ Stable	Outlook revised from Negative and Rating re-affirmed
3	Commercial Paper (CP) Issue	85.00	CRISIL A1+	Re-affirmed

We request you to kindly take the above on record.

Thanking You,

Sincerely, For NRB BEARINGS LIMITED

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Shruti Joshi Company Secretary