Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 - Credit Rating

Axiscades Technologies Ltd announced that CARE Ratings has reviewed its credit ratings for bank facilities, placing them on 'Rating Watch with Developing Implications' (RWD). The long-term bank facilities (₹21.00 Crore) are rated CARE A- (RWD), while the long-term/short-term bank facilities (₹80.00 Crore) are rated CARE A- / CARE A2+ (RWD). This review follows the company's divestment of its 'Engineering Services' business.