.: .NEOGEN A. CHEMICALS LTD....2019/10/31 · NEOGEN..•.....,. CHEMICALS LTD. A November 1,2019...
Transcript of .: .NEOGEN A. CHEMICALS LTD....2019/10/31 · NEOGEN..•.....,. CHEMICALS LTD. A November 1,2019...
November 1, 2019
BSELimitedDepartment of Corporate ServicesFloor 25, Phiroze Jeejeebhoy Towers,Dalal Street,Mumbai 400 001
Scrip Code No: 542665
Dear Sir/Madam,
Sub: Intimation of Revision in Credit Rating.
)(.:.NEOGEN..".~~ CHEMICALS LTD.A.
. nal Stock Exchange of India LimitedListing Depa ent,Exchange Plaza,Bandra Kurla Complex, dra (East),Mumbai - 400051
Company Symbol: NEOGEN
Pursuant to Regulation 30(6) read with Schedule III of SEBI (Listing Obligations and DisclosureRequirements) Regulation, 2015 ("the Regulation"), we would like to inform that based on CRISILRatings' on the bank facilities, the Credit Rating of the Company, has been Positive.
In accordance with the Regulation, please find below the details of the revision in rating of the Company:
Name of Creditthe RatingCompany Agency~--~~--+-~--~~-------------1------------~------------r---------------
CRISILNeogenChemicalsLimited
Bank Facilities
Cash Credit
India
Revised Rating
CRISILBBB+/Positive
CRISILBBB+/PositiveIndia BBB+/Stable
State Bank of CRISILA2
Bank ExistingRating
Yes Bank CRISILLimited BBB+/Stable
State Bank of CRISIL
Citibank N.A CRISIL CRISILBBB+/PositiveCRISILBBB+/Positive
BBB+/Stable
Proposed CRISILBBB+/Stable
HDFCLimited
Bank N.A
Letter of CreditWorking Capital
CRISILA2
CRISILBBB+/Positive
Term Loan
HDFC BankLimited
N.A
Citibank N.A CRISILBBB+/Stabl~ _. BBB+/Positive
CRISILBBB+/PositiveCRISIL
~ -=~~~-~E : [email protected] __. T : +91 2225497300W: www.neogenchem.com - F : +91 22 2549 7399
Registered Office: 1002, Dev Corpora, Cadbury Junction,Eastern Express Highway, Thane (W) 400601, India.
CIN No. U24200MH1989PLC050919
The same may please be taken on record.
Thanking you.
Yours faithfully
for Neogen Chemicals Limit~trE-~G....- +-; 0_~/ .~
AA cl ~./.:J / f"~ (!)\T -.. \q...-, '}
Lalit Karne ~'T
Company Secretary & Compliance OfficerMembership No: ACS47403
Yes Bank CRISILLimited BBB+/Stable
CRISILBBB+/Positive
)(.=~NEOGEN.."....•.......,. CHEMICALS LTD.
ANovember 1, 2019
Departmen Corporate ServicesFloor 25, Phiroze [eebhov Towers,Dalal Street,Mumbai 400 001
The National Stock Exchange of India LimitedListing Department,Exchange Plaza,Bandra Kurla Complex, Bandra (East),Mumbai - 400051
Scrip Code No: 542665 Company Symbol: NEOGEN
Sub: Intimation of Revision in Credit Rating.
Dear Sir/Madam,
Pursuant to Regulation 30(6) read with Schedule III of SEBI (Listing Obligations and DisclosureRequirements) Regulation, 2015 ("the Regulation"), we would like to inform that based on CRISILRatings' on the bank facilities, the Credit Rating of the Company, has been Positive.
In accordance with the Regulation, please find below the details of the revision in rating of the Company:-
Name of Credit Bank Facilities Bank Existing Revised Ratingthe Rating RatingCompany Agency
Yes Bank CRISIL CRISIL
ILimited BBB+/Stable BBB+/Positive
State Bank of CRISIL CRISILIndia BBB+/Stable BBB+/Positive I
Cash CreditCitibank N.A CRISIL CRISIL
BBB+/Stable BBB+/PositiveI
HDFC Bank N.A CRISILLimited BBB+/Positive IState Bank of CRISILA2 CRISILA2
Neogen Letter of Credit IndiaChemicals CRISIL -
Working Capital Proposed CRISIL CRISILLimited BBB+/Stable BBB+/Positive
HDFC Bank N.A CRISILLimited BBB+/Positive
Term Loan Citibank N.A CRISIL CRISILBBB+/Stable BBB+/Positive
""
Registered Office: 1002, Dev Corpora, Cadbury Junction,Eastern Express Highway, Thane (W) 400 601, India.CIN No. U24200MH1989PLC050919
E : [email protected] : www.neogenchem.com
T : +91 22 2549 7300F : +91 2225497399
Thanking you.
The same may please be taken on record.
Yours faithfully
for Neogen Chemicals ~i )tea 0,I...G ~_oC
A l~ (~/~~ ~~
Lalit Karne ,<.~~-:/#'.1Company Secretary & Compliance-OffIcerMembership No: ACS47403
Yes Bank CRISILLimited BBB+/Stable
CRISILBBB+/Positive