BMW Industries Ltd

Pursuant to the provisions of Regulations 30(6) 51(2) and 55 read with Schedule III and other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 as amended from time to time we hereby inform you on the following rating action on the credit ratings from India Ratings & Research:Instrument Type Maturity Date Size of Issue (million) Rating Rating ActionLong-term loan March 2027 INR827.8 (reduced fromINR1096.1) IND A-/Positive Outlook revised to Positive from Stable;AffirmedFund-based limits - INR1250 IND A-/Positive Outlook revised to Positive from Stable;AffirmedNon-fund-based limits - INR739 IND A2+ AffirmedThe report from the credit rating agency covering the rationale for revision in credit rating is enclosed and the same is also uploaded on the website of the Company.We request you to kindly take the same on record.