Ponni Sugars (Erode) Ltd. — Capital/Financing Update 2023

Jun 29, 2023

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PEL/ SH/108

June 29, 2023

National Stock Exchange of India Ltd Exchange Plaza 5[th] Floor, Flat No.C/ 1 G Block Bandra-Kurla Complex Bandra East, Mumbai 400 051

Scrip code: PONNIERODE

BSE Ltd Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai 400001

Scrip code: 532460

Dear Sirs,

Sub: Update on Credit Rating of Banking Facilities.

Pursuant to Regulation 30 read with Part-A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that CARE Ratings Limited vide its letter dated 28.06.2023 has re-affirmed the Credit Rating for the credit facilities availed by the Company from Bankers as under:

Facilities/Instruments	Amount (₹	Rating	Rating
	crore)		**Action **
Long Term Bank Facilities	30.00	CARE BBB+; Stable	Reaffirmed
ShortTerm Bank Facilities	1.00	CARE A2	Reaffirmed

Long Term bank facilities, rated above, are the fund based Cash Credit limits sanctioned by company's bankers. The Company does not have any Long Term Loan outstanding.

Short Term bank facilities, rated above, are the non-fund based BG/LC limits sanctioned by company's bankers.

Please take the above into your records.

Thanking You,

Yours truly, For Ponni Sugars (Erode) Limited

Digitally signed RANGAVITTAL by RANGAVITTAL MADHUSUDH MADHUSUDHAN AN Date: 2023.06.29 16:11:52 +05'30'

R Madhusudhan Company Secretary & Compliance Officer