Nila Spaces Limited has announced important updates regarding its credit rating status, informing stock exchanges about the withdrawal of its previous issuer rating and the assignment of a new rating for its bank facilities. The company communicated these developments to both BSE and NSE on February 03, 2026, in compliance with SEBI regulations.

Credit Rating Changes

CARE Ratings Limited has made two significant changes to Nila Spaces Limited's credit profile through separate communications. The rating agency has withdrawn the issuer rating that was previously assigned to the company in November 2024. This withdrawal effectively removes the earlier credit rating from the company's profile.

New Bank Facility Rating

Simultaneously, CARE Ratings Limited has assigned a fresh credit rating specifically for the company's bank facilities. The new rating demonstrates the agency's assessment of the company's creditworthiness for its banking arrangements.

Regulatory Compliance

The company received the email communications from CARE Ratings Limited on February 02, 2026, at 06:05 p.m. Nila Spaces Limited promptly fulfilled its disclosure obligations by informing both stock exchanges the following day. The notification was made under Regulation 30 of SEBI (Listing Obligation & Disclosure Requirement) Regulations 2015, which mandates timely disclosure of material events.

Communication Details

Company Secretary Gopi Dave signed the regulatory filing sent to the General Manager of BSE's Department of Corporate Services and the Manager of NSE's Listing Department. The company has requested both exchanges to take the rating changes on record and disseminate the information to market participants. Nila Spaces Limited trades on BSE with scrip ID 542231 and on NSE with scrip ID NILASPACES.

Nila spaces Limited has announced the resignation of Independent Director Mr. Amit R. Chokshi, effective from the close of business hours on 30 January 2026. The company informed BSE and NSE about this corporate governance change under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Resignation Details

Mr. Amit R. Chokshi (DIN: 10283515) tendered his resignation as Independent Director and consequently ceased to be a member of the audit committee and Stakeholders Relationship Committee. The company received his resignation letter at 01:45 pm on 30 January 2026.

Reason for Resignation

In his resignation letter addressed to the Board of Directors, Chokshi stated that he was stepping down "so as to focus on other life priorities and other commitments." He confirmed compliance with regulatory requirements by stating that there are no other material reasons for his resignation beyond those mentioned.

Regulatory Compliance and Disclosures

The company has fulfilled its disclosure obligations by providing comprehensive information as required under Regulation 30 read with Schedule III of SEBI Listing Regulations. Key regulatory disclosures include:

Director's Acknowledgments

In his resignation letter, Chokshi expressed appreciation for the cooperation, guidance, and support extended by the Board, management, and fellow Directors during his tenure. He confirmed that he has handed over all documents, records, and responsibilities pertaining to the company and that there are no pending obligations on his part.

Next Steps

The resigning director has requested the company to take note of his resignation, file necessary forms with the Registrar of Companies, make appropriate disclosures to stock exchanges in accordance with applicable SEBI Regulations, and update statutory registers and records accordingly. Company Secretary Gopi Dave signed the regulatory filing, ensuring compliance with all disclosure requirements.