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  • Credit Rating (Company Update)

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    Shyam Sunder
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    Credit Rating [Company Update]

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    0 vues3 pages

    Credit Rating (Company Update)

    Transféré par

    Shyam Sunder

    Droits d'auteur :

    © All Rights Reserved
    Téléchargez comme PDF ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
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    L-1/221/MGP BSE Limited : Phiroze Jeejeebhoy Towers Dalal Street, Mumbai - 400 001 National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051 Delhi Stock Exchange Limited z DSE House, 3/1, Asaf Ali Road, New Delhi - 110 002 Dear Sirs, BAJAJ Bojaj Electricals Lt Mnppioing Trust %39.20°” August 20, 2015 Code No, 500031 Symbol. BAJAJELEC Code No. 02031 Sub: Information under Clause 19 of the Listing Agreement for Debt Securities read with Clause 36 of the Equity Listing Agreement Ref.:1000 Secured Rated Listed Redeemable NCDs of 10,00,000/- each, aggregating to Rs. 100 crores, issued in two series, Series - 1 of 400 NCDs and Series - 2 of 600 NCDs and listed on National Stock Exchange of India Limited (NSE) under ISIN ‘INE193E07014’ and ‘INE193E07022', respectively. We have to inform you that the Company has received today a letter No.2015-16/MUM/0595 dated August 11, 2015 from ICRA Limited (‘Rating Agency’) communicating that it has reaffirmed the rating of Company’s Non-Convertible Debenture (NCD) programme at [ICRA] A (pronounced ICRA A) and the outlook on the long-term rating has been revised from Negative to Stable. ‘The copy of the said letter is enclosed herewith for your reference, Kindly put up the same on the Notice Board of the Exchange for the information of the investors and general public. Thanking you, Yours faithfull For BAJAJ ELECTRICAL) LIMITED ~ MANGESH PATIL VICE PRESIDENT - LEGAL & COMPANY SECRETARY Encl.: as above CC: Axis Trustee Services Limited (Debenture Trustee) ‘Axis house, 2nd Floor, Wadia International Centre, Pandurang Budhkar Marg, Worl, ‘Mumbai - 400 025. Mulia House, 51 Mahatma Gandhi Road, Mumbai 400 001, Tet +81-22:6149 7000, 6149 7090 | Fax +91-22-2285 2179 Foga. Office: 48/47, Vaer Nariman Road, Mumbal 400 001. Inda | wi.baajlecticas-com Email: legal@bajalecrces.com | CIN: LS1SOOMHT836P1.C003887 ald go ICRA Limited ‘CONFIDENTIAL 5-16MUNIOSES| August 11, 2015 Mr Anant Purandare Chiot Financial Officer Bala lecticale Limited (04 Ground Foor, Rustooe Aspire, Bhanu Shankar Yognic Max, Of. Easiem Exeress Hata, ‘Sion (Eas) Mumba - 400022, Dear Sir, Re: ICRA Credit Rating for Rs, 100 crore NCD Programme of Bajaj Electricals Limited (strument details in Annexure) ‘As you would be aware, in ters of ho mardate eter roceved tom ih ln, ICRA req to rovow al is tings, onan ‘anal bats, of 3s and when ho cumstances £0 arr. ‘The Rating Commit of ICRA, afer uo consideration cf tho laos developmen in your company, has eafrmad he rang of your Non-Convetbie Debentures (NCD) pograane at ICRAJA(percunced ICRA A). The auleo on the longterm rang has been ‘revised rom Negative to Stable Insurers wt is rain are consaed to have adequee degre cf stelyrgaring ily ‘senvcng offal obigatons. Such instruments cay low cre sk. Within this category modes (+ (pis) /*"rins) can be used wih ne rang symbos. The moxie rele: the compara sanding wil the ctegeny. ICRA reserves he rl to suspen, wihaw er rvise the above ang a any tne on he bass fnew infomation or unavallty ‘llfomaton er such oar cieunstances, which ICRA bees, may hae an inpacton the rating assigned to you, ‘The tng, 28 lors, however, shuld notbe treated asa recommendation to buy, solo hold tho instruments ned by you. You ae requ to frtith inform us about any default or delay in repeymenofiterest or rina amount of he instrument raed, a8 above, o anyother cetinstumens! barowing You ae aso requed o keep usfrtwih normed tary oer ‘developments whch may have a director nec impact on the deb servic capably of te compar iclucing any propose fr re-

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