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Remsons Industries Ltd. — Capital/Financing Update 2021
Feb 18, 2021
61433_rns_2021-02-18_3ebd2266-114f-4b26-811d-afb5235f3c95.pdf
Capital/Financing Update
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REMSONS
Industries limited
P.O.Bag No.7685 Mumbai- 400067 Tel. : 26262100 / 26113883 / 26114452 Web : www .remsons.com CIN : L51900MH1971PLC015141
18[th] February, 2021
To,
The Manager-Corporate Service Dept. The Manager- The Listing Department, BSE Limited National Stock Exchange of India Limited Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400 001 Mumbai – 400051. Scrip code: 530919 Scrip code: REMSONSIND
Dear Sirs,
Sub.: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith a letter issued by M/s. ICRA Limited, dated 18th February 2021 informing that the Rating Committee of ICRA, , has assigned the credit rating for Rs. 40.00 Crore (enhanced from Rs. 29.20 crore) as under:
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A. Long Term Rating of (ICRA) BBB- (pronounced ICRA triple B minus). Outlook for the long term rating is “Stable” for an enhanced amount of Rs.10.80 crore..
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B. Short Term Rating at (ICRA) A3 (pronounced ICRA A three).
The aforesaid ratings are valid till 13[th] December, 2021.
Kindly take the same on record.
Yours faithfully,
For REMSONS INDUSTRIES LIMITED
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ROHIT DARJI COMPANY SECRETARY & COMPLIANCE OFFICER
Encl: As above
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Regd. Office: 401, 4[th ] Floor, Gladdiola, Hanuman Road, Vile Parle (East), Mumbai. 400 057
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| nnexure | |||
|---|---|---|---|
| Details ofBankLimitsRated by | Amount | Assigned/Outstanding | |
| ICRA(onLong-TermScale) | (Rs.Crore) | Rating | on |
| CashCredit | |||
| StateBankofIndia | 26.00 | IICRA]BBB-(Stable) | Februaryll,202l |
| TermLoans | |||
| StateBankof India | 13.30 | [ICRA]BBB-(Stable) | Februaryll,202l |
| Total | 39.30 | ||
| Details ofBankLimitsRated byICRA(onShort-TermScale) | Amount(Rs.Crore) | Rating | Outstandingon |
| LCLimit | |||
| StateBankof India | 0.s0 | lrcRAIA3 | Februaryll,202l |
| BankGuarantee | |||
| StateBankof India | 0.20 | ucRAlA3 | Februaryll,202l |
| Total | 0.70 | ||
| Grand Total | 40.00 |