EID Parry Debt Programme Update

EID Parry India Ltd has informed that CRISIL has downgraded the rating for the captioned Debt Programme to "AA -/Stable" (pronounced "Double A minus rating with Stable outlook"), from "AA/ Negative".

The revised rating indicates high degree of safety with regard to timely payment of interest and principal on the instrument.

The Company has not placed any Non-Convertible Debentures (NCD).

CRISIL has reaffirmed the "P1+" (Pronounced "P one plus") rating for the 1500 million short term debt Programme. This indicates that the degree of safety with regard to timely payment of interest and principal on the instrument is very strong.