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Varroc Engineering Limited — Regulatory Filings 2021
Jun 24, 2021
61938_rns_2021-06-24_c1aa541c-29ad-4a90-8b38-e21e8c57073c.pdf
Regulatory Filings
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Varroc Engineering Ltd.
Regd. & Corp. Office
L-4, MIDC, Industrial Area Tel + 91 240 6653700 email : [email protected] Waluj, Aurangabad 431 136, Fax + 91 240 2564540 www.varroc.com Maharashtra, India CIN: L28920MH1988PLC047335
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VARROC/SE/INT/2021-22/17
June 24, 2021
To,
The Manager- Listing The Manager – Listing The Listing Department, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, Dalal Street, Fort, G Block, Bandra-Kurla Complex, Mumbai-400001. Bandra (East), Mumbai-400051. NSE Symbol: VARROC BSE Security Code: 541578
The Manager – Listing The Corporate Relation Department, Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai-400001.
Sub.: ICRA revises Credit Ratings for Varroc Engineering Ltd; outlook revised to Stable
Dear Sir/Madam,
In compliance with Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that ICRA Limited has revised Credit Rating of Instrument(s)/Bank Facility of the Company as follows:
| Instrument/BankFacility | Existing Credit Rating | Revised Credit Rating |
|---|---|---|
| Term Loan (Long Term) | [ICRA]AA- (Negative) | [ICRA]A+(Stable) |
| Fund-based(Long-term/Short-term) | [ICRA]AA- (Negative)/ [ICRA]A1+ | [ICRA]A+(Stable)/[ICRA]A1 |
| Non-fund Based(Long-term/Short-term) | [ICRA]AA- (Negative) / [ICRA]A1+ | [ICRA]A+(Stable)/[ICRA]A1 |
| Commercial Paper(Short-term) | [ICRA] A1+ | [ICRA]A1 |
We request you to take the above on record and the same be treated as compliance under applicable provisions of the Listing Regulations.
For Varroc Engineering Limited
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Ajay Sharma Group General Counsel and Company Secretary