PUNJLLOYD

Punj Lloyd Limited has informed the Exchange about Credit Rating : Disclosure under Clause 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015Pursuant to Clause 30 sub regulation 12 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (LODR), read along with all other applicable provisions of the LODR, we wish to inform that CARE Ratings Ltd. (CARE) vide its letter(s) No. CARE/DRO/RL/2020-21/3347 & No. CARE/DRO/RL/2020-21/3348, both dated January 13, 2021, has informed that taking cognizance of the fact that the Company is in Corporate I

Punj Lloyd Limited has informed the Exchange that Credit Analysis & Research Ltd (CARE) has revised the rating from CARE AA- [Double A Minus] to CARE A+ [Single A Plus] for the long term facilities of the company. This rating is applicable to facilities having tenure of more than one year. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk. Further CARE has reaffirmed the 'CARE A1+' [A One Plus] rating assigned to the short term facilities of the company. This rating is applic