BIRLAU: ICRA UPGRADES RATINGS AND ENHANCES LIMITS TO ₹1,050 CR

• Rated amount enhanced to ₹452.50 Cr from ₹365.00 Cr for fund-based and non-fund based limits, reaffirmed at [ICRA]AA-(Negative)/[ICRA]A1+. • Short-term non-fund based limits reaffirmed at [ICRA]A1+ and enhanced to ₹250.00 Cr from ₹108.00 Cr. • Long-term fund-based term loan reaffirmed at [ICRA]AA-(Negative) and enhanced to ₹344.09 Cr from ₹90.00 Cr. • Total rated amount increased to ₹1,050.00 Cr from ₹600.00 Cr. • Impact: Positive (Rating reaffirmed with enhanced limits and positive outlook on some instruments)

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