TMJL | CS | Dt | 25th March, 2021
Intimation Regarding Revised And Upgraded Credit Ratings Confirmed By ICRA
To
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Bandra Kurla Complex Phiroze Jeejeebhopy Towers
Bandra (E), Dalal Street,
Mumbai – 400 001. Mumbai – 400 001.
Dear Sir,
Sub: Disclosure under regulation 30 – Para A of Part A of schedule III of SEBI (LODR) Regulations, 2015.
In continuation of our earlier letter dated 25th September, 2020 we are glad to inform you that ICRA has reviewed our credit ratings based on the latest developments and accordingly have upgraded as follows:
1)For our Working capital facility of Fund Based Limits from banks:
a)For Long Term Rs.300.00 Crs. bank limits – ICRA A- (pronounced ICRA A minus) upgraded from ICRA BBB+ (pronounced ICRA triple B plus).
b)For Short Term ICRA A2+ (pronounced ICRA A two plus) upgraded from ICRA A2 (Pronounced ICRA A two)
2)For our Fixed Deposit Programme of Rs.77.00 Crs. MA+ (pronounced MA plus) upgraded from MA- (Pronounced MA minus).
Kindly take the same on your records.
Thanking You,
Yours Faithfully,
For Thangamayil Jewellery Limited
(CS.V.Vijayaraghavan)
Company Secretary