Interglobe Aviation Ltd

In compliance of Regulation 30 of the SEBI LODR Regulations this is to inform that on March 21 2023 ICRA Limited (ICRA) has upgraded the outlook on InterGlobe Aviation Limited (Company) from negative to stable while reaffirming the Companys long-term credit rating at [ICRA] A and short-term credit rating at [ICRA] A1.The change in outlook factors in the improvement in operating environment aided by a healthy improvement in passenger volumes (both domestic and international) moderation in aviation turbine fuel prices over the past few months and further improvement in liquidity position. The Company has reported its highest ever quarterly revenue at Rs. 154102 million along with robust net profit of Rs. 14233 million during the third quarter of FY 2022-23 while liquidity position continues to remain strong with a cash balance Rs. 219247 million (including free cash balance of Rs. 106125 million) as on December 31 2022.This is for your information and records.