SERVALAKSHMI PAPER.

TIMITED
sPL/SEC

/20L5-t6/0e0

Thursday, 24*, March 2076

To,
BSE

To,

Limited,

Phiroze f eejeebhoy Towers,

Dalal Streetm
Mumbai - 400001

National Stock Exchange of India Limited,

Exchange Plaza, C-1 Block G,
Bandra Kurla Comples, Bandra East,
Mumbai - 400051

Dear Sirs,
Sub

Disclosure of information pursuant to Regulation 30 of SEBI (Listing Obligations

and Disclosure RequirementsJ Regulations 2075 - Disclosure on Credit Rating of
Bank Facilities.

Company

Servalakshmi Paper Limited

Stock Code

533401

SERVALL

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations

2015 and SEBI Circular No.CIR/CFD/CMD/4/20L5 dated 09.09.2015, we wish to inform you that
Credit Analysis & Research Limited (CARE) has suspended the rating assigned to the Bank Facilities
of our Company. In this connection the letter no.CARE/CRO/RL/2075-I6/7685 dated 15.03.20L6
received from them is enclosed herewith.
Kindly take on record the above disclosure.
Thanking you,

ffi

For S ERVALAKSHMI PAPER LIMITED

Y. SHIVARAM PRASAD

MANAGING DIRECTOR
(DrN - 00010734)

f,egistered office & plarrt : S.F, No. 5s9, 568, 569 & 57O, Kodaganallur Village, Vadugampatti Post, I.C. Pettai, Tirunelveli- 627 0lO. Tamil Nadu, INDIA'

?h:

O462 - 2568500 Dmail : officeadmin@servalakshmi.in

RE Ratings troE
5-ilfit{g
Professional Risk Opinion

Andtlicol lnrilcocr

CARE/CRO/RL/20ls-16 I L685

Mr. R. Ramswamy
Chairman cum Managing Director
Servalakshmi Paper Limited
No.3l-, Bharathi Park 7th Cross,

Coimbatore-6410II,
Tamil Nadu
March

t5,2Ot6

Confidential

Delr Sir,
Credit Ratins of bank facilities
As per clause Nos. L2,

!6,

17 and 18 of the letter of request dated June 18, 2OLt for credit rating

of bank facilities, your company had agreed to provide information as required by CARE for
monitoring of the above ratings.

2.

In view of absence of adequate co-operation from your end and non-receipt of required
information despite repeated requests, it has been decided to suspend the ratings assigned to
the bank facilities of your company.

3.

We would be issuing a brief rationale shortly to inform the regulators, investors and public at
large. A draft of the brief rationale is enclosed.

Thanking you,
Yours faithfully,

\-),'-.SA
_\
Agrawal]

'.-fuzrto

[Sayi Shharadha.G]

[Mohit

Senior Manager

Analyst
savi sh ha rad ha.g (aca re rati ngs. com

mohit.agrawal

@ca

reratines.com

Encl: As above

Page 1 of 2
CREDIT ANALYSIS & RESEARCH LTD.
CORPOMTE OFFICE: 4'Floor, Godrei Coliseum, Somaiya Hospital Road,
Off Eastern Express Highway, Sion (E), Mumbai 400 022.

Unit No. O-509/C, Spencer Plaza, 5th Floor

No.769, Anna Salai, Chennai - 600 002

Annexure
BRIEF RATIONALE
CARE suspends

lhe ratines assiened to thg bank facjlities of

Servalakshmi Paper Ltd.

CARE has suspended,

with immediate effect, the ratings assigned to the bank facilities of

Servalakshmi Paper Ltd. The ratings have been suspended as the company has not furnished the

information required by CARE for monitoring of the ratings.

Analyst Contact
Mohit Agrawal
!M

i^a!t41

;;;;ilffi;
mo

it.aerawa

l@ ca re

'

^a

ratinqs. com

CARE has clossified instruments rated by it on the basis of complexity. This clossification is ovoiloble at
www.careratings,com. lnvestors/market intermediaries/regulators or others are welcome to write to
ca re @ co re

rati ng s. co m fo r a ny

clo r ificotio

s.

Disclaimer

are opinions on credit quality and are not recommendations to sanction, renew, disburse or
recall the concerned bank facilities or to buy, sell or hold any security. CARE has based its ratings on
information obtained from sources believed by it to be accurate and reliable. CARE does not, however,
guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or
omissions or for the results obtained from the use of such information. Most entities whose bank
facilities/instruments are rated by CARE have paid a credit rating fee, based on the amount and type of bank
CARE's ratings

faci

lities/instruments.

In case of partnership/proprietary concerns, the rating assigned by CARE is based on the capital deployed by
the partners/proprietor and the financial strength of the firm at present. The rating may undergo change in
case of withdrawal of capital or the unsecured loans brought in by the partners/proprietor in addition to the
financial oerformance and other relevant factors.

\^J,

Page 2 of 2

CREDIT ANALYSIS

&

RESEARCH TTD.

Pleza. 5th Flooc No.769, Anna Salal, Chcnnal

'

600 002