Vascon Engineers Limited — Regulatory Filings 2021

May 18, 2021

May 18, 2021

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To, To, National Stock Exchange of India Limited BSE Limited Listing Department, The Department of Corporate Services Exchange Plaza, Phiroze Jeejeebhoy Towers, Dalal Street, Bandra (E), Mumbai – 400 051 Mumbai 400 001

Ref Symbol: VASCONEQ Ref: Scrip Code: 533156

Sub: Intimation of Credit Rating received from ACUITE Ratings and Research Limited

Ref: Intimation/Disclosure of events under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

With reference to Regulation 30 read with Para A of Part a of Schedule III of Listing Regulations, ACUITE Ratings and Research Limited has reviewed the credit ratings assigned to Company’s Long Term and Short Term Facilities. Kindly note that while the credit rating has been reaffirmed, the rating outlook has been revised.

Details of revision in credit ratings on Company’s Long Term and Short Term bank Facilities are as under:

Facilities	**Revised Ratings **	Rating Actions
Long Term - Bank facilities(Fund based)	“ACUITE BBB-“(Outlook: Stable)	Reaffirmed & Assigned;Outlook Revised from Negative toStable
Short Term – Bank facilities(Non Fund based)	“ACUITE A3”	Reaffirmed & Assigned

A copy of the Press Release issued by ACUITE Ratings and Research Limited in this regard is available on their website at the given below link:

https://www.acuite.in/documents/ratings/revised/24296-RR-20210517.pdf

This is for your information and records.

Thanking you,

For Vascon Engineers Limited

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Vibhuti Dani Company Secretary and Compliance Officer

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