GODREJ INDUSTRIES LTD. — 2023-01-03
Ratings C01"'l"'FIDENT IAL CRISIL RIlGODSOAP/307992/NCDiOI23i50027/ 1335679 17 January 03, 2023 MI'. Cl('m('nt Pinto Chief Financial Officer Godl't'j Industl'i('s Limit('d Godrej One, Pirojshanagar, Eastem Express Highway, Vikhroli Mumbai City - 400079 9820439183 Dear Mr. Clement Pinto. R(': C RISIL Rating 011 th(' R s. 2000 CI'OI'(, NOll COllvl'I"fibl(' D('b('uhu '(,s of Godl'('j Indllstl"it's Limit('d We refer to your request for a rating for the captioned Debt in strument. CRISII.. Ratings has, aft er due consideration, assigned a CRISIL AAlStable (pronOlUIced as CRISII.. double A rating with Stable outlook) rating to the captioned Debt instrument. Instl1.uuents with tillS rating are considered to have lllgh degree of safety regarding timely servicing of fmancial obligations. Sucb instruments carry very low credit risk. Further, in view of your decision 10 accept the CRISII.. Ratings. we request you to apprise us of the instnlluent details (in the enclosed forulal) as soon as it has been placed. In the ev,ent of your company not making the issue within a period of 180 days from the above date, or in the event of any change im the size or structure of your proposed issue, a fresh letter of revalidation from CRISII.. Ratings will be necessary. As per our Rating Agreement, CRISIL Ratings would disseminate the rating along with outlook through its publications and other media, and keep the rating along with outlook tlidt:r surveillance for the life of the instnlluent. CRISII.. Ratings reserves the right to withdraw, or revise the rating i outlook assigned to the captioned instnlluent at any time, on the basis of new infonnation, or unavailability of infonnation, or other cUcmustances which CRISIL Ratings believes may have an impact on the rating. Please visit wv.'\\'.crisilratings.com and search with the name of the rated entity 10 access the latest rating/so As per SEBI circular (reference lUlluber: CIRlIMDIDF117i20 13; dated October 22, 2013) on centralized database for corporate bonds/debentures, you are required to provide intf:ruational securities identification number (ISIN; along with the reference number and the date of the rating letter) of all bondJdebenttlfe iSSllanCeS lnade against tillS rating letter to us. The circular also requires you to silare tillS infonuation with us within 2 days after the allotment of the ISIN. We request you to mail us all the necessary and relevant infonnation at debtissue@crisil.com. This will enable CRISIL Ratings to verify and confmu to the depositories, including NSDL and CDSL, the ISIN details of debt rated by us, as required by SEBl Feel free to contact us at debtissue@crisil.com for any clarification youlnay need. Should you require any clarification, please feel free to get in touch with us. With wann regards, Yours sincerely, ~~ - Ankit Kedia Nivedita Shibu Associate Director - CRISIL Ratings Associate Director - CRISIL Ratings .'!.. . /" 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 considers reliable. CRISIL Ratings does not guaranlee the COO"fJIeleness 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 markel JXice Of suilabili/y for a parliaJIar investOf_ 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 sIaIes that if has no financial liabili/y wflalsoever 10 the subscribers / users /1Iansmit/efS / distributors of its ratings. CRISIL Ratings' criteria are available without charge to the public on the web sile, www.crisilrnmgs.com. CRISIL Ratings or ils associates may have oIhef oommerciallransactions with the corrpanykntily. For the latest mting information on any inslrumenl of any corrpany raled 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 : CRlSll.~. Cmu:.! A\"..,,,,,. Hir.waudani Business !':uk. Pow:ai. Mumbai- 4OO 076.~: +91 22 3342 3000 I Fax: +91 22 3342 3001 www.crisilr.otings.com