Ponni Sugars (Erode) Ltd. — Capital/Financing Update 2024

Jun 25, 2024

==> picture [486 x 94] intentionally omitted <==

PEL/ SH/ 93

June 25, 2024

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: Revised 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 are pleased to inform you that CARE Ratings Limited vide its letter dated 24.06.2024 has revised the Credit Rating for the credit facilities availed by the Company from Bankers as under:

Facilities/Instruments	Amount (₹ crore)	Rating	**Rating Action **
Long Term Bank Facilities	15.00(Reduced from 30.00)	CARE A-; Stable(Single A Minus;Outlook: Stable)	Revised from CAREBBB+; Stable (Triple BPlus;Outlook: Stable)
Short Term Bank Facilities	1.00	CARE A2+	Revised from CARE
		(A Two Plus)	A2 (A Two)

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 information into your records.

Thanking You,

Yours truly, For Ponni Sugars (Erode) Limited

Digitally signed by RANGAVITTAL RANGAVITTAL MADHUSUDHAN DN: c=IN, o=PERSONAL, 2.5.4.20=0eed6c2b7fb9e47a2bf9d3eb499871 MADHUSUDH cf0bd1e6eb331d562b74a3b1d3f7763007, postalCode=600061, st=TAMIL NADU, serialNumber=25176f621cc295d9e6f392cdd 2d236ba153f3ee2353c3cd8e69a7efca68f735 AN 5, cn=RANGAVITTAL MADHUSUDHAN Date: 2024.06.25 12:53:34 +05'30'

R Madhusudhan Company Secretary & Compliance Officer