Credit Rating Result

ARGUS Credit Rating Services Limited (ACRSL) has rated the Company as "A-" in the long term and "ST-3" in the short term along with a stable outlook based on audited financial statements of the Company up to June 30, 2021, un-audited financials up to March 31, 2022 and other relevant quantitative as well as qualitative information up to the date of rating declaration.