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Ramco Systems Ltd — Capital/Financing Update 2021
Apr 30, 2021
60779_rns_2021-04-30_a110fd9c-93eb-4296-907c-11e08d5007b2.pdf
Capital/Financing Update
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April 30, 2021
National Stock Exchange of India Ltd Exchange Plaza, 5th Floor Plot No:C/1, G Block Bandra Kurla Complex, Bandra (E) Mumbai – 400 051 Scrip: RAMCOSYS
BSE Ltd.,
Corporate Relationship Department Phiroze Jeejheebhoy Towers Dalal Street, Mumbai – 400 001 Scrip: 532370
Dear Sir/Madam,
Sub: Intimation of reaffirmation/ upgrade of Credit Rating under Regulation 30 (6) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (SEBI LODR)
Ref: Revision in the credit rating
Pursuant to Regulation 30(6) of SEBI LODR, we wish to inform that, Rating Committee of ICRA, after due consideration, has revised the ratings for Rs.214.50 crore Bank Facilities of Ramco Systems Limited. The Outlook on the long-term rating is revised from positive to stable.
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----- Start of picture text ----- Amount (Rs.Cr.)Facilities Existing Rating Revised RatingExisting RevisedLong term Fund based/CC (Upgraded) 35.00 35.00 A- (Positive) A(Stable)Long term Fund based/Term Loan 10.00 NIL A- (Positive) Not ApplicableShort term fund based facilities (Reaffirmed) 137.50 137.50 A2+ A2+Short term non-fund based facilities (Reaffirmed) 30.50 30.50 A2+ A2+Unallocated (Reaffirmed) 1.50 11.50 A- (Positive) / A2+ A(Stable)/ A2+Total 214.50 214.50----- End of picture text -----
The aforesaid information is also being hosted on the website of the Company www.ramco.com in accordance with Regulation 46 of SEBI LODR.
Kindly take on record the same.
Thanking You,
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Encl: As above
Ramco Systems Limited
Corporate Headquarters : 64, Sardar Patel Road, Taramani, Chennai 600 113, lndia I Tel: +91 44 2235 4510 / 66534000 Fax: +91 44 2235 2884 I CIN : L72300TN1997PLC037550 l Registered Office :47, P.S.K. Nagar, Rajapalayam 626 108, lndia
Global Offices : lndia l Singapore l Malaysia l China l HongKong l Philippines l Australia l Dubai l USA l Canada l United Kingdom I Germany I Switzerland I South Africa I Sudan