Unichem Laboratories Ltd. — Capital/Financing Update 2025

Feb 18, 2025

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18[th] February 2025

The Manager – Department of The Manager – Listing Department Corporate Services BSE Limited National Stock Exchange of India Limited P. J. Towers Exchange Plaza, Plot No. C-1, Block G Dalal Street, Fort Bandra Kurla Complex, Bandra (E) Mumbai – 400001 Mumbai – 400051 Scrip Code : 506690 Symbol : UNICHEMLAB

Dear Sir,

Reference: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we would like to inform you that ICRA, the credit rating agency has upgraded the rating to [ICRA] A+ from [ICRA] A assigned earlier to the Rs. 180.0 crore bank facilities of the Company.

Please find the letter dated 18[th] February 2025, issued by ICRA in this regard.

For UNICHEM LABORATORIES LIMITED

PRADEEP Digitally signed by PRADEEP BHANDARI BHANDARI Date: 2025.02.18 17:55:49 +05'30'

PRADEEP BHANDARI

Head – Legal & Company Secretary

Encl.: a/a

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ICRA Limited

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ICRA/Unichem Laboratories Limited/18022025/1

Date: February 18, 2025

Mr. Sanjay Jain

Chief Financial Officer Unichem Laboratories Limited 47, Kandivli Industrial Estate, Kandivli (West), Mumbai - 400067, Maharashtra, India

Dear Sir,

Re:

Unichem Laboratories Limited

has taken the following rating actions for the mentioned instruments of your company.

Instrument	Rated Amount(Rs. crore)	Rating Action1
Long-term, Fund-based / Non-fund BasedFacilities	150.00	[ICRA]A+(Stable); Upgradedfrom[ICRA]A(Stable)
Long Term-Unallocated limits	30.00	[ICRA]A+(Stable); Upgradedfrom[ICRA]A(Stable)
Total	180.00

The aforesaid rating(s) will become due for surveillance within one year from the date of rating communication letter. However, ICRA reserves the right to review and/or, revise the above rating(s) at any time based on new information becoming available, or the required information not being available, or other circumstances that ICRA believes could have an impact on the rating(s). Therefore, request the lenders and investors to visit ICRA website at www.icra.in for latest rating(s) of the company.

The rating(s) are specific to the terms and conditions of the instruments as indicated to us by you, and any change in the terms or size of the same would require a review of the rating(s) by us. In case there is any change in the terms and conditions or the size of the rated instrument, the same must be brought to our notice before the instrument is used by you. In the event such changes occur after the rating(s) have been assigned by us and their use has been confirmed by you, the rating(s) would be subject to our review, following which there could be a change in the rating(s) previously assigned. Notwithstanding the foregoing, any change in the over-all limit of the instrument from that specified in this letter, would constitute an enhancement that would not be covered by or under the said Rating Agreement.

The rating(s) assigned must be understood solely as an opinion and should not be treated, or cause to be treated, as recommendation to buy, sell, or hold the rated instrument availed/issued by your company.

You are also requested to forthwith inform us about any default or delay in repayment of interest or principal amount of the instrument rated, as above, or any other debt instruments/ borrowing and keep us informed of

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

Building No. 8, 2[nd] Floor, Tower A Tel.: +91.124 .4545300 DLF Cyber City, Phase II CIN: L749999DL1991PLC042749 Gurugram 122002, Haryana

Website: www.icra.in Email: info@icraindia.com Helpdesk: +91 9354738909

Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel.: +91.11.23357940-41

R A T I N G R E S E A R CH I N F O R M A T I O N

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any other developments which may have a direct or indirect impact on the debt servicing capability of the company including any proposal for re-schedulement or postponement of the repayment programmes of the dues/ debts of the company with any lender(s) / investor(s), or occurrence of any significant development that could impact the ability of the company to raise funds such as restriction imposed by any authority from raising funds through issuance of debt securities through electronic bidding system. Further, you are requested to inform us immediately as and when the borrowing limit for the instrument rated, as above, or as prescribed by the regulatory authority(ies) is exceeded.

We look forward to your communication and assure you of our best services.

With kind regards, Yours sincerely, For ICRA Limited

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Suprio Banerjee Vice President and Co-Group Head, Corporate Ratings supriob@icraindia.com

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Annexure

Details of Bank Limits Rated by ICRA (Rated on Long-Term Scale)

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----- Start of picture text ----- Amount (Rs.Particulars Rating Rating Assigned Oncrore)Fund/Non Fund-based LimitsKotak Mahindra Bank Limited 60.00Axis Bank Limited 30.00[ICRA]A+(Stable) February 11, 2025Citibank N.A. 30.00HDFC Bank Limited 30.00Total 150.00----- End of picture text -----

Details of Bank Limits Rated by ICRA (Rated on Long -Term Scale)

ParticularsAmount (Rs.crore)	ParticularsAmount (Rs.crore)	Rating	Rating Assigned On
Unallocated Limits30.00		[ICRA]A+(Stable)	February11, 2025
Total	30.00