Long Term Rating CRISILA- / Stable

Date: 08.08.2019.

To,The Manager,Listing Department,Bombay Stock Exchange Limited (Designated Stock Exchange),P.J.Towers, Dalal Street,Mumbai - 400001

Sub: Credit RatingRef: Regulation 30 of SEBI (listing Obligations and Disclosure Requirements) Regulations,

2015

Dear Sir/Madam,

Please find enclosed herewith copy of letter dated so" July, 2019, issued by CRISIL, andreceived by us on oz" August, 2019, regarding credit rating. We have been rated as under:

Short Term Rating CRISILA2+

Kindly take the aforesaid information on record and oblige.

Thanking You,

Yours faithfully,

For Kkalpana Industries (India) limited

TQJ\\J.J..' ~D.i,\~

Tanvi Panday (ACS31176)Company Secretary

CC:1. The Calcutta Stock Exchange Limited, 7 Lyons Range, Kolkata - 700 001.

• Regd. Office: 2B, Pretoria Street, Kolkata - 700071Tel: : +91-33-2282 3744/45/3671/99, Fax: +91-33-2282 3739, E-mail: kolkata@kkalpana.co.in

MumbOi Off,ce: 106, Laxmi Plaza, Laxmi Industrial Estate, New Link Road, Andheri (West), Mumbai _400 053 IndiaTel.: +91-22-67021470/71/72, Fax: +91-22-6702 1473 E-mail: mumbai@kkalpana.co.in '

www.kkalpanagroup.com

CIN : L19202WB 1985PLC039431

Ratings CRISILAn S&:P Global Company

CONFllJENTIALKALPANN224730lBLR/071957362July 30,2019

j\,lI'. Arihant BothraDGM FinanceKkalpana Industries (India) Limited28 Pretoria StreetKolkatta - 700071

Dear Mr. Arihant Bothra

Re: Review of CRlSIL Ratings-on the bank facilities of Kkalpuna Industries (India) Limited

All ratings assigned by CRISIL are kept under continuous surveillance and review.

Please find in the table below the ratings outstanding for the debt instruments/facilities of the company, and therating actions by CR1S1L on the ratings as on date.

Total Bank Loan Facilities Rated Rs.843.n CroreLong-Term Ratin!!, CRJSfL A-/Stlible (Reaffirmed)Short-Term Ratinl! CRISIL A2+ (Reaffirmed)

, '.(Ikmk: till-\(! details u:, per Annexur e 1)

As per our Rating Agreement CRISIL would disseminate the ratings, along with the outlook, through itspublications and other media, and keep the ratings, along with the outlook, under surveillance oyer the life ofthe instrument/facility. CRISIL reserves the right to withdraw, or revise the ratings, along with the outlook, atany time, on the basis of new informarion, or unavailability of information. or other circumstances whichCRJSIL believes may have an impact on the ratings.

Should you require any clarifications, please feel free to get in touch with u..

With warm regards,

-~,--".--.~~

Nivedita ShibuAssociate Di rector - CRIS IL Rurings

Yours si nccrcly,

Gauram ShnhiDirector - CRISIL Ratings

A CRISIL rating rettects CRISIL's current opinion on the likelihood of timely payment of tbe obligations under the rated instrument onddoes not constnae an audit of tl,e rated entity by CRISIL CRIS1L ratings are based on information provided by tile issuer Of oblail1edby CRISIL (rom sources it considers reliable, CRISIL does not guarantee the completeness or accuracy 01 the informalion on which therating IS based, A CRISIL rating is not a recommendation to buy. seil, or hold the rated instrument; it does not comment on the marketprice or suitability for a paJ1icular investor. An CRISIL ratk7gs are under sUlVeillance, CRISIL or its assocsres may neve OIlierr;o(nmcrr;;iallfanstJc11ol1S wilh tile r;;ompanylenlily, Ratings ero revised as and wnen circumstances so WBmmt, CRISIL is /101responsiote{or any errors and O!ipocially statos II1$t it has no {maneia! liability wilatsoever to tho subscribers I users / trsnsminer» I distributors ofIhis product. CRiSIL Ratings ralulg criteria are available without charge 10 the public on the CRI$IL web site. IVW\v.cdsilcom, For thelatest raling informarion on allY instrument of any comparty rated by CRISIL, please contact Customer Service Helpdesk at 1800-267·1301.

CR1SlLLImitedCorporate Identity Number: L67120MH1987PLC042363

CRISll House, Central Avenue. Hiranandani Business Park, Powa1, Mumbal ·400076. Phone: +91 2233423000 I Fax: +91 2240405800www.crls!l.com

Ratings CRISILAn S&P Global Company

Annexure 1 - Hunk-wise details of var-ious facility classes (outstanding facilities)

-S.No. Bank Facility B~lJ1k Amount (Rs, in Outstanding

Crore) Rating

I Cosh Credit The Federal Bank 25.0 CRISIL A-/StablcLimitedGush Credit

..---.-~2 State Bank of India 90.0 CRJSIL A-iStahle3 Cash Credit Den a Bonk 45.0 CRISIL A-1Stablc4 Cosh Credit !-lOFC Dank Limited 40.0 CRISIL A-/Stablc

5 Cash Credit lDFC Fitl>l Bank 5.0 CRISIL A-!StableLimited6 Cash Credit Corporation Bank 35.0 CRISIL A-/Slablc7 Cash Credit RBL Bank Limited 2.0 CRISIL A-/Slablc..S Cash Credit Axis Bank Limited 8.0 CRISIL A-/Stable9 Cosh Credit Induslnd Bank Limited 10.0 CRISIL A-!Stable

10 Letter of credit & Bank RBL Bank Limited 68.0 CRISIL A2+Guarantee

II Letter of credit & Bank HDFC Dank Limited 50.0 CRlSTL A2+Guarantee

12Letter of credit & Bank Della Bank 55.0 CR1SIL A2+Guarantee

13 Letter of credit & Bank lnduslnd Ban' Limited 25.0 ClUSIL A2+Guarantee

14 Letter of credit & Bunk The Federal Bank 40.0 CRISIL A2+Guarantee Limited

}5 Lertcr of credit & Bank Corporation Bank 65.0 CRlSIL A2+GuaranteeLetter of credit & Bank

-16 Guarantee Axis Bank limited 37.0 CRlSIL A2+

17 Letter of credit & Bank IOFe First Bank 45.0 CRISIL A2tGuarantee Limited

I Letter of credit & Bunk Stale Bank of India 140.0 CRISIL A2+Guarantee19 Term Loan State Bank of India 26.39 CRISIL A-/Slablc

20 Term Loan IDFe First Bank 9.85 CRISIL A-/StablcLimited21 Term Loan HDFC [lank Limited 21.87 CRISIL A-/Slablc

Total 843.11

A CRISIL rating renec» CRISIL's current opinion on tne likelihood of timely payment of the obl(gations under tile rated instrument anddoes not constitute an audit of the rated enticy by CRISIL CRISIL ralings are based on information provided by the issuer or obtainedby CRISIL 'rom sources it considers reliable. CRISIL does not guarantee the completeness or accuracy of the informatK)n on which therating is based. A CRISIL rating is nOI a recommendation 10 buy. sell, or hold me retea tnsuument; it does not comment on tne mai1<etprico or suitabi(,/y for a particular investor. NI CRISIL rallngs ore undcr surveillance. CRISIL or tis associates may have othercommercial transactions with the company/entity Ralings are revised as and when circumstances so warrant. CRISIL is no( responsiblefor any errors and especially slates that tl has no financ.allia/)l/ily whatsoever 10 the subscribers / users I transmitters / distributors ofthis product. CRISfL Ratings rating cnleria are available without charge 10 Ihe public on the CRISIL web site. v.ww.crisil.com. For tnetetes: tating tntotmeuon on any Ins/rument 01 any company rated by CRISIL, please contect Customer Service Helpdesk at 1800-267-1301.

CRISIL Umited

Corporate Identity Number: L67120MH1987PLC042363

CRISlL House, Central Avenue, Hiranandani Business Park, Powai, Mumbai - 400076. Phone: +91 2Z 3342 3000 I Fax: +91 2240405800www.crlsit.com