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Excel Industries Limited - Credit Rating

22 Apr 2022 , 12:00 AM

Dear Sir / Madam,Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed CRISIL Rating letter dated 22.04.2022.The CRISIL has revised its rating outlook on the long term bank facilities of the Company to ???Positive??? from Stable while reaffirming the long term rating at ???CRISIL A+??? and reaffirming the rating on the short-term bank facilities at ???CRISIL A1???.Kindly take this on your record.

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