Quarter 4

March 13, 2019

The Company has received the following ratings from CARE.

* Long Term Bank Facilities – CARE D (Single D) .The earlier rating was CARE D (Single D).
* Long Term /Short Term Bank Facilities – CARE D / CARE D (Single D) / (Single D). The earlier rating was CARE D / CARE D (Single D) / (Single D).
* Long Term Instruments – CRPS – CARE D (RPS) [Single D [Redeemable Preference Shares].

The earlier rating was CARE D (RPS) [Single D [Redeemable Preference Shares].