GODREJ INDUSTRIES LTD. — 2023-01-03
Ratings C01"'l"'FIDENTIAL CRISIL RIlGODSOAP/307992/NCDiOI23iS0028i91606S11 January 03, 2023 MI'. Cl('m('nt Pinto Chief Financial Officer Godr t'j Industri('s Limit('d Godrej One, Pirojshanagar, Eastem Express Highway, Vikhroli Mumbai City - 400079 9820439183 Dear Mr. Clement Pinto. R(': R('vit'w of CRISH. Rating ou th(' Rs. 1500 Crol"t' Non Couv('I'fiblt' D('b('utures of Godl'('j [udustri('s Limitt'd All ratings assigned by CRISll., Ratings are kept llllder continuous surveillance and review. CRISII.. Ratings has, after due consideration, Reaf"finlled its CRISIL AA1Stable (pronomlced as CRISII.. double A rating with Stable outlook) rating to the captioned Debt instnullent. Instnullents with this rating are considered to have high degree of safety regarding timely selvicing of flllancial obligations. Such instnullents carry very low credit risk. In the event of yom company not making the issue \\'ithin a period of 180 days from the above date, or in the event of any change in the size or stmctme of yom proposed issue. a fresh lener of revalidation from CRISII.. Ratings will be necessary. As per om Rating Agreement, CRISII.. Ratings would disseminate the rating along with outlook through its publications and other media, and keep the rating along with outlook tmdt:r surveillance for the life of the instnllilent. CRISII.. Ratings reserves the right to withdraw, or revise the rating i outlook assigned to the captioned instnllilent at any time, on the basis of new infonnation, or unavailability of infonnation, or other clrcmllstances which CRISII.. Ratings believes may have an impact on the rating. Please visit W\vw.crisilratings.com and search with the name of the rated entity to access the latest rating/so As per SEBI circular (reference lUlluber: CIRlIMDIDF117i2013; dated October 22, 2013) on centralized database for corporate bondsldebentmes, you are required to provide intf:mational secmities identification number (lSIN; along with the reference nmnber and the date of the rating lener) of all bondJdebenttlfe issuances lnade against tlus rating lener to us. The circular also requires you to share tlus infonnation \\'ith 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 \\'ill enable CRISII.. Ratings to verify and conflflll to the depositories, including NSDL and CDSL, the [SIN details of debt rated by us, as required by SEBl Feel free to contact us at debtissue@crisil.comforany clarificationyoulnayneed. Should you require any clarification, please feel free to get in touch with us. With wanll regards, - Yoms sincerely, ~~ Ankit Kedia N ivedita Shibu Associate Director - CRISII.. Ratings Associate Director - CRISII.. Ratings .'!.. . /" Disclaimer: A rating by CRISIL Ratings re"ec:ts CRISIL Ratings' current opinion on the likelihood of /irrely payment of the obligations under the rated instrument, and does not consIitute an audit of the rated enIity 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 /lIansmittefS / distributors of its ratings. CRISIL Ratings ' criteria are available without charge to the public on /he web sile, www.crisilrnmgs.com. CRISIL Ratings or ils associates may have oIhef oommerciallransactions with the corrpanykntily. For the latest mung 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- 4OO076.~: +91 22 3342 3000 I Fax: +91 22 3342 3001 www.crisilr.otings.com