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Styrenix Performance Materials Limited — Capital/Financing Update 2021
Dec 17, 2021
60520_rns_2021-12-17_5878184c-67b6-4264-8334-b44e06b1d9d9.pdf
Capital/Financing Update
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INEOS STYROLUTION
INEOS Styrolution India Ltd. 5th Floor, Ohm House-II, Ohm Business Park. Subhanpura, Vadodara - 390 023 Gujarat, India
www.ineosstyrolutionindia.com
17.12.2021
To. BSE Limited Dept. DSC_CRD Phiroze Jeejeebhoy Towers, Dalal Street Mumbai 400 001
National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, 'G' Block, Bandra- Kurla Complex, Bandra ('E') Mumbai 400 051 NSE Symbol: INEOSSTYRO
BSE Scrip Code: 506222
Subject: Compliance under Regulation 30, read with Schedule III, of SEBI (listing obligations and disclosure requirement) with respect to Credit Rating of the Company
Dear Sir/Madam,
Please note that our Company does not have any long-term debt instruments or any fixed deposit program or any scheme or proposal involving mobilization of funds, in India or abroad. Hence, no credit rating is obtained in relation to the same. However, due to the working capital facilities that the Company utilizes from its bankers, a general credit rating is required to be obtained by the Company.
Due to changes in working capital facilities and as a part of annual review of credit rating, the Company had approached the credit rating agency CARE Ratings Ltd. and CARE Ratings Ltd. has reaffirmed the rating as under:
| Facilities | Amount (Rs. crore) |
Ratings | Rating Action |
|---|---|---|---|
| Term / Short Long Term Bank Facilities |
256.00 (enhanced from 177.40) |
CARE A+: Stable / CARE $A1+$ [Single A Plus; Outlook: Stable/ A One Plus] |
Reaffirmed |
| Total Facilities | 256.00 (Rupees Two hundred fifty six crore only) |
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UTION
Thanking you,
Yours faithfully, For INEOS Styrolution India Limited
ADODA Abhijaat Sinha Head Legal and Company Secretary
Head Office: INEOS Styrolution India Ltd. CIN: L25200GJ1973PLC002436 5th Floor, Ohm House-II, Ohm Business Park, Subhanpura, Vadodara - 390 023, Gujarat, India Tele: +91 265-2303201/02 Fax No: +91 265-2303203
Registered Office: INEOS Styrolution India Ltd. CIN: L25200GJ1973PLC002436 5th Floor, Ohm House-II, Ohm Business Park Subhanpura, Vadodara - 390 023, Gujarat, India +91 265-2303201/02 Tele: Fax No: +91 265-2303203