Rationale

ICRA has withdrawn the ratings assigned to the bank facilities of Gokul Refoils and Solvent Limited based client's request and in accordance with ICRA's policy on withdrawal and suspension. However, ICRA does not have information to suggest that the credit risk has changed since the time the rating was last reviewed. The Key Rating Drivers, Liquidity Position, Rating Sensitivities, have not been captured as the related instruments are being withdrawn.