GODREJ INDUSTRIES LTD. — 2023-01-03
Ratings C01"'l"'FIDENTIAL CRISIL An S&P Global Company RIJGODSOAPi307992/NCDi0123/50029/85247370 January 03, 2023 M r. Cl('ment Pinto ChiefFillanciai Officer Godl't'j Industries Limit('d Godr ej One, Pirojshallagar, Eastem Express Highway, Vikhroli Mumbai City - 400079 9820439183 Dear Mr. Clemenl Pinto, Rt': R('vit'w of C RISn.. Rating on the Rs. 1500 Crol't' NOD tCollvel1iblt' Debt'lltUI'{, S of Godrej Industries Limitt'd All ra tings assigned by CRISIL Ratings are kept twder continuous slll"Veillance and review. CRISIL Ratings has, after due consideration, Reaffinl1ed its CRISIL AA1Stable (pronoun ced as CRISIL double A rating with Stable outlook) ratin g to the captioned Debt illstlUlllent. Instrum ents with tins rating are considered to have high degree of safety regardin g timely servicing of fillancial obligations. Such instnullents carty very low credit risk. In the event of yom company not making the issue within a period of 180 days from the above date, or in the event of any change in the size or stmctm e of yom proposed issue, a fresh lener of revalidation from CRISIL Ratings will be necessary. As per om Ra ting Agreem ent, CRISIL Ratings would disseminate the rating along with outlook through its publications and other media, and keep the rating along with outlook tmdt:r sll1"Veillance for the life of the instnllnent. CRISII.. Ratin gs reserves the right to withdraw, or revise the ratin g I outlook assigned to the captioned instnllnent at any tinle, on the basis of new infonnation, or unavailability of infonnation, or other circlllnstan ces which CRISIL Ratings believes Illay have an impact on the rating. Please visit WWv.'.crisiiratings.colll and search with the name of the ra ted entity to access the latest ra ting/so As per SEBI circular (reference number: CIRlIMDfDF1l7/20 I 3; dated October 22, 2013) on centralized da tabase for cOl]Jorate bondsldebentmes, you are required to provide inwmational securities identification num ber (ISIN; along with the reference number and the date of the rating lener) of all bondJdebenttrre issuances made against this rating lener to us. The circular also requires you to share tins infonnation with us within 2 days after the allotment of the ISIN. We request you to mail us all the necessary and relevant infon nation at debtissue@crisil.com. This will en able CRISIL Ratin gs to verify and COnflllll to the depositOlies, including NSDL and CDSL, the ISIN details of debt rated by us, as required by SEBI. Feel free 10 contact us at debtissue@crisil.com foran yclarification youillayneed . Should you requ ire any clarification, please feel free to get in touch with us. With wan ll regards, - Yours sincerely, -"~ Ankit Kedia Nivedita Shibu Associate Director - CRISIL Ratings Associate Director - CRISIL Ratin gs •.!.- . /" Disclaimer: A rating by CRISIL Ratings re"ec:ts CRISIL Ratings' current opinion on the likelihood of tirrely payment of the obligations under the rated instrument, and does not consIitute an audit of the rated entity by CRJSIL Ratings. Our ratings are based on infrxmation provided by the issuer Of obtained by CRISIL Ril/ings from sources it coosiders reliable. CRISIL Ratings does not guarantee the COO"fJIeteness Of acctJIllcy of the information on which the rating is based. A rating by CRISIL Ratings is not a ~ to buy / sell Of hold the rated instrument; it does not comment on the market JXice Of suitability for a parliaJIar investor. CRISJL Ratings has a practice of keeping aD its ratings under surveillance and ratings are revised as and IWIen circlJmstances so warr.Jnt. CRISJL Ratings is not responsible for any etrOfS and especially stales that if has no financial liability whatsoever 10 the subscribers / users /1Iansmit/efS / distributors of its ratings. CRISIL Ratings' criteria are available without charge to the public on the web site, www.crisilrnmgs.com. CRISIL Ratings or its associates may have oIhef oommerciallransactions with the corrpanykntily. For the latest mting information on any instrument of any corrpany rated by CRISIL Ratings, please visit www cIDiliatingscom Of contact Customer" Service He/pdesk at Of aI1800-2fl7-1301 CRISIL Ratings Umited (.-4 subsidiary of Cli'ISIL LimiuJ) ~ Idmtity Numtx.-: U67100MH2019PLC326241 R.p,tnfll OfIiu : CRISll.~. Cmu:.! A\"..,,,,,. Hir.waudani Business !':uk. Pow:ai. Mumbai- 4OO076.~: +91 22 3342 3000 I Fax: ->91 22 3342 3001 www.crisilr.otings.com