KRBL has received revision in credit ratings from ICRA as under -

Long term bank facilities (Rs 1619 crore) - ICRA AA-/ Stable (revised from ICRA AA-/ Rating watch with negative implications)

Short term bank faciltiies (Rs 179 crore) - ICRA A1+ (revised from ICRA A1+/ Rating watch with negative implications)

Commercial paper (Rs 500 crore) - ICRA A1+ (revised from ICRA A1+ / Rating watch with negative implications)

Pursuant to the above, ICRA has removed the rating from 'Watch with negative implications' and a'Stable' outlook has been assigned for the long-term rating of KRBL.

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KRBL announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2020.

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KRBL announced 2 new additions to its healthy foods, branded portfolio namely, Rice Bran Oil and Amaranth. Both products will be available for sale to international markets w.e.f 25 August 2020.

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The Board of KRBL at its meeting held on 11 August 2020 has discussed the potential hive off of the Company's Energy business into a newly formed legal entity ('potential restructuring'). The intent of the said potential restructuring is to unlock the value of Energy business separately.

The Board has appointed KPMG Assurance and Consulting Services LLP as the tax advisor inconnection with the potential restructuring and has asked the senior management to evaluate variousoptions for the potential restructuring. The senior management will, in consultation with theCompany's advisors, prepare and present a draft restructuring proposal enumerating options for theBoard's consideration in due course.

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