Nandan | January 19, 2022 | |||
� | ||||
One world with denim | ||||
To, | To, | |||
BSE Limited | National Stock Exchange of India Limited | |||
Phiroze Jeejeebhoy Towers, | Exchange Plaza, Plot No. C/1, G - Block, | |||
Dalal Street, | BKC, Bandra (East), | |||
Mumbai - 400 001. | Mumbai - 400 051. | |||
Scrip Code: 532641 | Scrip Symbol: NDL | |||
Dear Sir, | ||||
Sub.: | Intimation of Revision in Credit Ratings | |||
This has reference to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Regulation").
In accordance with the said Regulation, we wish to inform that ICRA has revised the Rating of the Company, as per communication received, as under:
Facility | Previous Rating | Revised Rating | Whether upgraded | Reason | ||
or downgraded | Healthy recovery and | |||||
Rating upgraded | better-than-expected | |||||
[ICRA]BBB | and outlook has | performance of Nandan | ||||
Long Term | - [iCRA]BBB-(Stable) | been revised to | Denim Limited (NDL) in the | |||
(Positive) | Positive from | recent quarters led by | ||||
Stable | improved demand | |||||
conditions, which has | ||||||
Short | facilitated an improvement | |||||
[ICRA]A3 | [ICRA]A3+ | Rating upgraded | in its credit metrics and | |||
Term | liquidity profile. | |||||
You are requested to kindly take the same on record.
���
Company Seb'etary
Nandan Denim Limited | |||
Registered Office | (CIN:L51909GJ1994PLC022719) | ||
I | Corporate Office | ||
Survey No. 198/1 & 203/2, Soijpur-Gopolpur, Pirono Rood, Piploj, Ahmedobod - 382 405 | Chiripol House, Shivronjani Cross Rood, Satellite, Ahmedobad - 380 015 | ||
Ph.: 079-26734660/2/3 Fox: 079-26768656 | |||
Ph.: +91 9879200199 Website : www.nondondenim.com Email : nondon@chiripolgroup.com |
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Nandan Denim Ltd. published this content on 19 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 January 2022 11:01:08 UTC.