CRISIL withdraws Oricon Enterprises' bank loan facility ratings

Oricon Enterprises Limited informed the Bombay Stock Exchange and National Stock Exchange of India Limited about the withdrawal of credit ratings by CRISIL for its bank loan facilities. This action was taken pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations.

The total bank loan facilities rated amounted to Rs. 239.56 crore. Following the withdrawal, the long-term rating, previously Crisil BBB/Stable, has been withdrawn, and the short-term rating, formerly Crisil A2, has also been withdrawn.

Sanjay Jain, company secretary & compliance officer, signed the communication on behalf of Oricon Enterprises Limited.