Nandan Denim : Credit Rating

Nandan			January 19, 2022
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One world with denim
To,	To,
BSE Limited	National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers,	Exchange Plaza, Plot No. C/1, G - Block,
Dalal Street,	BKC, Bandra (East),
Mumbai - 400 001.	Mumbai - 400 051.
Scrip Code: 532641	Scrip Symbol: NDL
Dear Sir,
	Sub.:	Intimation of Revision in Credit Ratings

This has reference to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Regulation").

In accordance with the said Regulation, we wish to inform that ICRA has revised the Rating of the Company, as per communication received, as under:

	Facility	Previous Rating	Revised Rating	Whether upgraded	Reason
					or downgraded	Healthy recovery and
					Rating upgraded	better-than-expected
				[ICRA]BBB	and outlook has	performance of Nandan
	Long Term	- [iCRA]BBB-(Stable)	been revised to	Denim Limited (NDL) in the
				(Positive)	Positive from	recent quarters led by
					Stable	improved demand
					conditions, which has
	Short					facilitated an improvement
	[ICRA]A3	[ICRA]A3+	Rating upgraded	in its credit metrics and
	Term	liquidity profile.

You are requested to kindly take the same on record.

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Company Seb'etary

	Nandan Denim Limited
Registered Office	(CIN:L51909GJ1994PLC022719)
	I		Corporate Office
Survey No. 198/1 & 203/2, Soijpur-Gopolpur, Pirono Rood, Piploj, Ahmedobod - 382 405	Chiripol House, Shivronjani Cross Rood, Satellite, Ahmedobad - 380 015
	Ph.: 079-26734660/2/3 Fox: 079-26768656
Ph.: [phone] Website : www.nondondenim.com Email : [e-mail]