Shree Rama Multi-tech Ltd. — Capital/Financing Update 2020

Mar 16, 2020

,

Shree Rarna Multi-Tech Limited

An l$O 9001 ;20'15 Gertified Company

FACTORYAND COMMUNICATION ADDRESS - 1557, MOTI-BHOYAN, KALOL-KHATRAJ ROAD, TAL : KALOL, DIST. : GANDHINAGAR, TELE . 079 66747101,667471q? FAX : 079 66747135 EMAIL : info@srmtl.com By E-filing

Date:|610312020

To, General Manager Listing Bombay Stock Exchange Ltd. Floor 25,P J Towers, Dalal Street, Fort, Mumbai - 400 001

To, General Managcr Listing National Stock Exchange of India Ltd. Exchange Plaza, C-1, Block-G, BandraKurla Complex, Bandra (E) Mumbai-400 051

Script Code: 532310

Script Code: SHREERAMA

Sub.: Intimation of Credit Ratings

Ref.: Regulation 30 of Securities and Exchange Board of India (Listing Obligations end Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

In accordance with the Regulation 30 and other applicable Regulation of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements), Regulation, 2015, lve hereby inform that CRISIL Limited has assigned the following ratings to the Company's banking facilities as per details mentioned below:

Total Bank Loan Facilities Rated	Rs.80 Crore
Long- Term Rating	CRISIL AA (CE) (Assigned; Placed on'Rating Watch withDevelopingImplications')
Long- Term Rating	CRISIL BBB-/Stable (Assigned)

The copy of letter of Assignment of CRISIL ratings to the bank facilities of tne company is attactreO herewith for your reference.

You are requested to take the above on your records.

Thanking You,

Hemal R. Shah Whole-Time Director DIN: 07338419 For, Shree Rama Multi-Tech Limited WbWe

Encl.:a/a

REGD OFFIGE: 301, CORPORATE HOUSE, OPP: TORRENT HOUSE, INCOME TAX, AHMEDABAD-380009. TELE: (079)27546800, 27546900. WEBSITE: www.srmtl.com, CIN NO: 125200cJ1993P1C020880

All Contractual obligation subject to Ahmedabad Jurisdiction

Ratings

CONFIDENTIAL

SHRERAM/242485/BLR/032000493 March 12, 2020

Mr. Krunal Shah CFO Shree Rama Multi-Tech Limited 301, Corporate House, Opp Torrent House. Ahmedabad - 380009

Dear Mr. Krunal Shah.

Re: Assignment of CRISIL Ratings to the bank facilities of Shree Rama Multi-Tech Limited

All ratings assigned by CRISIL are kept under continuous surveillance and review.

Please find in the table below the ratings outstanding for the debt instruments/facilities of the company, and the rating actions by CRISIL on the ratings as on date.

Total Bank Loan Facilities Rated	Rs.80 Crore CRISIL AA(CE) (Assigned; Placed on 'Rating Watch /
Long-Term Rating
	(with Developing Implications')
Long-Term Rating	CRISIL BBB-/Stable (Assigned)

(Bank-wise details as per Annexure 1)

As per our Rating Agreement, CRISIL would disseminate the ratings, along with the outlook, through its publications and other media, and keep the ratings, along with the outlook, under surveillance over the life of the instrument/facility. CRISIL reserves the right to withdraw, or revise the ratings, along with the outlook, at any time, on the basis of new information, or unavailability of information, or other circumstances which CRISIL believes may have an impact on the ratings.

In the event of the company not availing the proposed facilities within a period of 180 days from the date of this letter, a fresh letter of revalidation from CRISIL will be necessary.

Should you require any clarifications, please feel free to get in touch with us.

With warm regards,

Yours sincerely.

$\omega$

Ankit Hakhu Director - CRISIL Ratings

$\mathbf{r}$

Nivedita Shibu Associate Director - CRISIL Ratings

A CRISIL rating reflects CRISIL's current opinion on the likelihood of timely payment of the obligations under the rated instrument and does not constitute an audit of the rated entity by CRISIL. CRISIL ratings are based on information provided by the issuer or obtained by CRISIL from sources it considers reliable. CRISIL does not guarantee the completeness or accuracy of the information on which the rating is based. A CRISIL rating is not a recommendation to buy, sell, or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. All CRISIL ratings are under surveillance. CRISIL or its associates may have other commercial transactions with the company/entity. Ratings are revised as and when circumstances so warrant. CRISIL is not responsible for any errors and especially states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of this product. CRISIL Ratings rating criteria are available without charge to the public on the CRISIL web site, www.crisil.com. For thelatest rating information on any instrument of any company rated by CRISIL, please con 1301.

CRISIL Limited Corporate Identity Number: L67120MH1987PLC042363

CRISIL House, Central Avenue, Hiranandani Business Park, Powal, Mumbal - 400076. Phone: +91 22 3342 3000 | Fax: +91 22 4040 5800 www.crisil.com

Ratings

$\mathbf{r}$

$S.N0$ .	Bank Facility	Bank	Amount (Rs. inCrore)	Outstanding Rating
	Cash Credit	RBL BankLimited	28.0	CRISIL AA(CE)/Watch
$\overline{2}$	Proposed Working CapitalFacility	Proposed	34.34	DevelopingCRISIL BBB-/Stable
3Term LoanTotal		RBL BankLimited	17.66	CRISIL AA(CE)/Watch
			80.0	Developing

Annexure 1 - Bank-wise details of various facility classes (outstanding facilities)

A CRISIL rating reflects CRISIL's current opinion on the likelihood of timely payment of the obligations under the rated instrument anddoes not constitute an audit of the rated entity by CRISIL. CRISIL ratings are based o by CRISIL from sources it considers reliable. CRISIL does not guarantee the completeness or accuracy of the information on which the rating is based. A CRISIL rating is not a recommendation to buy, sell, or hold the rated

CRISIL Limited Corporate Identity Number: L67120MH1987PLC042363