Simplex Castings Ltd.

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Corporate Office : 32,Shivnath Complex G.E. Road, Supela, Bhilai - 490023 (C.G) India Phone : +91-788-2290483 /84 /85 Fax : +91-788-2285664 E-Mail : [email protected] Website : www.simplexcastings.com CIN : L27320MH1980PLC067459

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July 11, 2024

To,

To, To, The Manager The Manager Department of Corporate Services Calcutta Stock Exchange BSE Limited Address: 7, Lyons Range, PJ Towers, Dalal Street Dalhousie, Kolkata700001, Mumbai-400001 West Bengal Scrip Code: 513472 Scrip Code: 29066

- Subject: Intimation regarding Credit Rating under Regulation 30 of SEBI Listing Regulations.

Dear Sir/Madam,

Pursuant to Regulation 30 of the SEBI (LODR) Regulation, 2015, this is to inform you that Care Rating Limited (“Credit Rating Agency”) has Assigned the Ratings to Bank Facilities of Simplex Castings Limited, as under –

Facilities	Amount (Rs in	Rating	Rating
	Cr)
			Action

Long Term Bank Facilities	59.00	CARE B; Stable (Single B; Outlook: Stable)	Assigned
Short Term Bank Facilities	13.00	CARE A4 (A Four)	Assigned

The rating letter received from Care Rating Limited is attached as an Annexure- I.

The above information will also be available on the website of the Company at www.simplexcastings.com. Kindly take the same on record and acknowledge.

Thanking You.

Yours Faithfully,

For Simplex Castings Limited

Digitally signed by SANGEETA SANGEETA KETAN SHAH KETAN SHAH Date: 2024.07.11 16:13:28 +05'30'

Sangeeta Ketan Shah Managing Director DIN- 05322039

ADDRESS

OFFICE

Regd. Office : 601/602 A, FAIRLINK CENTER, OFF ANDHERI LINK ROAD, ANDHERI (W), MUMBAI -53 Kolkata : 119, PARK STREET, WHITE HOUSE 4[th ] FLOOR KOLKATA - 700016 (W.B.) INDIA Bhilai (Plant) : 5, INDUSTRIAL ESTATE, BHILAI - 490026 (C.G.) INDIA Rajnandgaon (Plant) : 223/2,224 INDUSTRIAL ESTATE, TEDESARA, RAJNANDGAON - 491441(C.G.) INDIA

PHONE FAX E-MAIL 022-40034768 [email protected] 08961045611 033-22493251 [email protected] 0788-4015273 0788-4034188 [email protected] 9203901697 0788-2285664 [email protected]

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No. CARE/KRO/RL/2024-25/1131

Shri Avinash Hariharno Chief Financial Officer Simplex Castings Limited 32, Shivnath Complex, G. E. Road, Supela, Bhilai Chhattisgarh 490023

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July 10, 2024

Confidential

Dear Sir,

Credit rating for bank facilities

Please refer to your request for rating the bank facilities of your Company

The following ratings have been assigned by our Rating Committee:

Facilities	Amount	Rating1	Rating Action
Long Term Bank Facilities	59.00	CARE B; Stable (Single B; Outlook: Stable)	Assigned
Short Term Bank Facilities	13.00	CARE A4 (A Four)	Assigned

Refer Annexure 1 for details of rated facilities.
The above rating is normally valid for a period of one year from the date of our initial communication of rating to you (that is July 10, 2024).
A write-up (press release) on the above rating is proposed to be issued to the press shortly, a draft of which is enclosed for your perusal as Annexure 2 . We request you to peruse the annexed document and offer your comments if any. We are doing this as a matter of courtesy to our clients and with a view to ensure that no factual inaccuracies have inadvertently crept in. Kindly revert as early as possible. In any case, if we do not hear from you by July 11, 2024 we will proceed on the basis that you have no any comments to offer.

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1Complete definitions of the ratings assigned are available at www.careedge.in

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CARE Ratings Limited

Unit No A / 7 / 4, 7th Floor, Block A, Apeejay House, Corporate Office :4th Floor, Godrej Coliseum, 15 Park Street, Kolkata 700 016 Somaiya Hospital Road, Off Eastern Express Phone: +91-33-40181600 Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-

CIN-L67190MH1993PLC071691

Page 1 of 4

CARE Ratings Ltd. reserves the right to undertake a surveillance/review of the rating from time to time, based on circumstances warranting such review, subject to at least one such review/surveillance every year.
CARE Ratings Ltd. reserves the right to revise/reaffirm/withdraw the rating assigned as also revise the outlook, as a result of periodic review/surveillance, based on any event or information which in the opinion of CARE Ratings Ltd. warrants such an action. In the event of failure on the part of the entity to furnish such information, material or clarifications as may be required by CARE Ratings Ltd. so as to enable it to carry out continuous monitoring of the rating of the bank facilities, CARE Ratings Ltd. shall carry out the review on the basis of best available information throughout the life time of such bank facilities. In such cases the credit to publicize/disseminate all the afore-mentioned rating actions in any manner considered appropriate by it, without reference to you.
Our ratings do not take into account the sovereign risk, if any, attached to the foreign currency loans, and the ratings are applicable only to the rupee equivalent of these loans.
Our ratings do not factor in any rating related trigger clauses as per the terms of the facility/instrument, which may involve acceleration of payments in case of rating downgrades. However, if any such clauses are introduced and if triggered, the ratings may see volatility and sharp downgrades.
Users of this rating may kindly refer our website www.careedge.in for latest update on the outstanding rating.
CARE Ratings Ltd. ratings are not recommendations to sanction, renew, disburse or recall any bank facilities.
If you need any clarification, you are welcome to approach us in this regard. We are indeed, grateful to you for entrusting this assignment to CARE Ratings Ltd..

Thanking you,

Yours faithfully,

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Sumit Shaw Analyst [email protected]

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Punit Singhania Associate Director [email protected]

Encl.: As above

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CARE Ratings Limited

Unit No A / 7 / 4, 7th Floor, Block A, Apeejay House, 15 Park Street, Kolkata 700 016 Phone: +91-33-40181600

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Corporate Office :4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-

CIN-L67190MH1993PLC071691

Page 2 of 4

Disclaimer

The ratings issued by CARE Ratings Limited are opinions on the likelihood of timely payment of the obligations under the rated instrument and are not recommendations to sanction, renew, disburse or recall the concerned bank facilities or to buy, sell or hold any security. These ratings do not convey suitability or price for the investor. The agency does not constitute an audit on the rated entity. CARE Ratings Limited has based its ratings/outlooks based on information obtained from reliable and credible sources. CARE Ratings Limited does not, however, guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions and the results obtained from the use of such information. Most entities whose bank facilities/instruments are rated by CARE Ratings Limited have paid a credit rating fee, based on the amount and type of bank facilities/instruments. CARE Ratings Limited or its subsidiaries/associates may also be involved with other commercial transactions with the entity. In case of partnership/proprietary concerns, the rating /outlook assigned by CARE Ratings Limited is, inter-alia, based on the capital deployed by the partners/proprietor and the current financial strength of the firm. The rating/outlook may undergo a change in case of withdrawal of capital or the unsecured loans brought in by the partners/proprietor in addition to the financial performance and other relevant factors. CARE Ratings Limited is not responsible for any errors and states that it has no financial liability whatsoever to the users of CARE Ratings Our ratings do not factor in any rating related trigger clauses as per the terms of the facility/instrument, which may involve acceleration of payments in case of rating downgrades. However, if any such clauses are introduced and if triggered, the ratings may see volatility and sharp downgrades.

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CARE Ratings Limited

Unit No A / 7 / 4, 7th Floor, Block A, Apeejay House, 15 Park Street, Kolkata 700 016 Phone: +91-33-40181600

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Corporate Office :4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-

CIN-L67190MH1993PLC071691

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Annexure 1 Details of Rated Facilities

1. Long Term Facilities

1.A. Fund Based Limits

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Rated
Sr.
Name of Bank / Lender Amount Remarks
No.
(Rs. crore)
1. State Bank of India 19.50 Cash Credit
2. Bank of Baroda 13.00 Cash Credit
3. Union Bank of India 2.50 Cash Credit
Total 35.00
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1.B. Non-Fund Based Limits

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Rated
Sr.
Name of Bank / Lender Amount Remarks
No.
(Rs. crore)
1. State Bank of India 10.00 Bank Guarantee
2. Bank of Baroda 9.00 Bank Guarantee
3. Union Bank of India 5.00 Bank Guarantee
Total 24.00
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Total Long Term Facilities : Rs.59.00 crore

2. Short Term Facilities

2.A. Non-Fund Based Limits

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Rated
Sr.
Name of Bank / Lender Amount Remarks
No.
(Rs. crore)
1. Bank of Baroda 6.50 Letter of credit
2. State Bank of India 6.50 Letter of credit
Total 13.00
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Total Short Term Facilities : Rs.13.00 crore Total Facilities (1.A+1.B+2.A) : Rs.72.00 crore

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CARE Ratings Limited

CIN-L67190MH1993PLC071691

Page 4 of 4

AI assistant

Simplex Castings Ltd. Capital/Financing Update 2024

61924_rns_2024-07-11_e38942f4-7f3f-495b-9455-0e4cb6d96c20.pdf