(i) Corporate Governance Rating

Havells in its endeavour to reinforce and test its commitment for Corporate Governance opted to go for a Corporate Governance Rating from CARE. CARE has assigned CARE CGR 2+ [Two Plus] Rating to the Corporate Governance practices of the Company. The Corporate Governance Rating reflects the Company’s transparent ownership structure, qualified and experienced board of directors, satisfactory functioning of various committees of the board, presence of prudent risk management policies and elaborate internal audit function. Furthermore, the rating derives comfort from elaborate communications and disclosures to shareholders, effective financial management and the Company’s compliance with statutory and regulatory requirements.

(ii) Bank Facilities

CARE has reaffirmed/assigned the Ratings to the bank facilities of the Company as follows:

Facilities Ratings Remarks
Long Term Bank Facilities(CC) CARE AAA(Triple A) Reaffirmed
Long Term Bank Facilities(TL) CARE AAA(Triple A) Assigned
Short Term Bank Facilities CARE A1+(A One Plus) Reaffirmed


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