Credit Rating

Instrument/Facility

Rating Agency

Rating Assigned

Commercial Paper

CRISIL Ratings Limited

CRISIL A1+

Commercial Paper

CARE Ratings Limited

CARE A1+

Long Term Bank Facilities

Infomerics Valuation and Rating Private Limited

IVR AA/Positive

Cash Credit

Infomerics Valuation and Rating Private Limited

IVR AA/Positive

Non-Convertible Debentures

Infomerics Valuation and Rating Private Limited

IVR AA/Positive

Commercial Paper

Infomerics Valuation and Rating Private Limited

IVR A1+

Bank Loan Ratings

Acuité Ratings & Research Limited

ACUITE AA / Stable

Non-Convertible Debentures

Acuité Ratings & Research Limited

ACUITE AA / Stable

Commercial Paper

Acuité Ratings & Research Limited

ACUITE A1+