Credit Rating

This is to inform that CRISIL Limited, the Credit Rating Agency, has reaffirmed/ assigned following credit ratings to outstanding credit facilities of ATUL Auto Limited

Sr No. Bank Facility Bank Amount (Rs. In Crore) Outstanding Rating
1 Cash Credit IDBI Bank Limited 15.00 CRISIL A/ Stable
2 Long Term Loan Exim Bank 90.00 CRISIL A/ Stable
3 Pre-shipment Credit in Forex Exim Bank 25.00 CRISIL A1

CLOSURE OF TRADING WINDOW

In terms of provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended and Company’s Code of Conduct to regulate, monitor and report trading by Designated Persons, the Trading Window for dealing in securities of the Company shall remain closed from Wednesday, April 01, 2020 till 48 hours after the declaration of audited financial results for the quarter and year ending on March 31, 2020. The date of the Board Meeting at which the said results will be considered shall be intimated in due course of time.

TEMPORARY SUSPENSION OF OPERATIONS DUE TO PANDEMIC OF NOVEL CORONAVIRUS (COVID19)

ATUL Auto Limited inform that in view of the pandemic of Novel Coronavirus (COVID19), the Company has decided to close down the operations at its plant (Shapar Plant) from March 24, 2020 till further notice, to prevent further spread of Coronavirus. The above action will be evaluated on March 31, 2020.

Incorporation of Wholly Owned Subsidiary - ATUL Greentech Private Limited

With reference to above subject, we would like to inform you that ATUL Auto Limited has incorporated a Wholly Owned Subsidiary company namely ATUL Greentech Private Limited in India with an objective of manufacturing battery packs, battery management system, battery charger, tools, equipment, fittings, raw material etc. for the purpose of electric vehicles and supply for ESS and various other purposes.

Please Click here to know the Intimation Sent to the Stock Exchanges.

Board Meeting on February 13, 2020

The Meeting of Board of Directors of ATUL Auto Ltd is scheduled to be held on Thursday, February 13, 2020, inter alia, to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine month ended on December 31, 2019.

Further, as communicated earlier, pursuant to the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, and as per the Company's Code to Regulate, Monitor and Report Trading by Insiders, the trading window for dealing in the securities of the Company has been closed up to forty-eight hours after the announcement of the unaudited standalone and consolidated financial results for the quarter and half year ended December 31, 2019. Please Click here to know the Intimation Sent to the Stock Exchanges.