Credit Rating- Revision

gone Registered Office: "Maithri", No. 132, Cathedral Road, Chennai - 600 086 +91-44-2811 2472 Rane (Madras) Limited www.ranegroup.com CIN: L65993TN2004PLC052856 //Online submission// RML/SE/033/2026-27 July 09, 2026 BSE Limited National Stock Exchange of India Limited Listing Centre NEAPS Scrip Code: 532661 Symbol: RML Dear Sir / Madam, Sub: Disclosure under Regulation 30 of SEBI LODR — Change in Credit Rating We wish to inform you that in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) that CRISIL Limited has rated the Company's bank loan facilities of Rs.1,085 Crores as follows: a. for Long-Term facilities: Upgraded rating from `CRISIL A+/Stable' to `CRISIL AA-/Stable'. b. for Short-Term facilities: Upgraded rating from 'CRISIL Al' to `CRISIL A1+'. We enclose herewith the relevant credit rating letter dated July 09, 2026. The aforementioned letter is also available on the CRISIL website. We request you to treat this intimation as compliance with the disclosure requirements under the relevant provisions of SEBI LODR. Thanking You, Yours Faithfully, For Rane (Madras) Limited Venkatraman Secretary Encl.: a/a CONFIDENTIAL RL/RANMADR/399250/BLR/0726/152541 July 09, 2026 Mr. B. Gnanasambandam Chief Financial Officer Rane (Madras) Limited 154, Velachery Rd, TN Police Housing Colony, Velachery, Chennai, Tamil Nadu Chennai - 600042 Dear Mr. B. Gnanasambandam, Re: Review of Crisil Ratings on the bank facilities of Rane (Madras) Limited All ratings assigned by Crisil Ratings are kept under continuous surveillance and review. Please find in the table below the ratings outstanding for the debt instruments/facilities of the company, and the rating actions by Crisil Ratings on the ratings as on date. Total Bank Loan Facilities Rated Rs.1085 Crore Long Term Rating Crisil AA-/Stable (Upgraded from 'Crisil A+/Stable') Short Term Rating Crisil A1+ (Upgraded from 'Crisil A1') (Bank-wise details as per Annexure 1) As per our Rating Agreement, Crisil Ratings would disseminate the ratings, along with the outlook, through its publications and other media, and keep the ratings, along with the outlook, under surveillance over the life of the instrument/facility. Crisil Ratings reserves the right to withdraw, or revise the ratings, along with the outlook, at any time, on the basis of new information, or unavailability of information, or other circumstances which Crisil Ratings believes may have an impact on the ratings. Please visit www.crisilratings.com and search with the name of the rated entity to access the latest rating/s. In the event of the company not availing the proposed facilities within a period of 180 days from the date of this letter, a fresh letter of revalidation from Crisil Ratings will be necessary. Crisil Ratings products / activities or ratings of instruments other than securities that are listed or proposed to be listed may fall under the purview of financial sector regulators (FSRs) other than SEBI. In respect of such products / activities or ratings (under the purview of other FSRs such as Reserve Bank of India (RBI), Ministry of Corporate Affairs (MCA), Insurance Regulatory and Development Authority of India (IRDAI), among others), the grievance / dispute redressal and investor protection mechanisms available under SEBI regulations shall not be applicable. A list of products/activities or ratings of instruments falling under the purview of various FSRs along with the names of respective FSRs has been duly disclosed by Crisil Ratings on its website. A link to the same has been provided below for ready reference: https://www.crisilratings.com/en/home/our-business/ratings/regulatory-disclosures/list-of-activities-instruments-and- names-of-regulators.html Should you require any clarification, please feel free to get in touch with us. With warm regards, Yours sincerely, NAREN KARTIC.K Nivedita Shibu Disclaimer: A rating by Crisil Ratings reflects Crisil Ratings’ current opinion on the likelihood of timely payment of the obligations under the rated instrument, and does not constitute an audit of the rated entity by Crisil Ratings. Our ratings are based on information provided by the issuer or obtained by Crisil Ratings from sources it considers reliable. Crisil Ratings does not guarantee the completeness or accuracy of the information on which the rating is based. A rating by Crisil Ratings is not a recommendation to buy / sell or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. Crisil Ratings has a practice of keeping all its ratings under surveillance and ratings are revised as and when circumstances so warrant. Crisil Ratings is not responsible for any errors and especially states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of its ratings. Crisil Ratings’ criteria are available without charge to the public on the web site, www.crisilratings.com. Crisil Ratings or its associates may have other commercial transactions with the company/entity. For the latest rating information on any instrument of any company rated by Crisil Ratings, please visit www.crisilratings.com or contact Customer Service Helpdesk at Crisilratingdesk@crisil.com or at 1800-267-3850 Associate Director - Crisil Ratings Director - Crisil Ratings Disclaimer: A rating by Crisil Ratings reflects Crisil Ratings’ current opinion on the likelihood of timely payment of the obligations under the rated instrument, and does not constitute an audit of the rated entity by Crisil Ratings. Our ratings are based on information provided by the issuer or obtained by Crisil Ratings from sources it considers reliable. Crisil Ratings does not guarantee the completeness or accuracy of the information on which the rating is based. A rating by Crisil Ratings is not a recommendation to buy / sell or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. Crisil Ratings has a practice of keeping all its ratings under surveillance and ratings are revised as and when circumstances so warrant. Crisil Ratings is not responsible for any errors and especially states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of its ratings. Crisil Ratings’ criteria are available without charge to the public on the web site, www.crisilratings.com. Crisil Ratings or its associates may have other commercial transactions with the company/entity. For the latest rating information on any instrument of any company rated by Crisil Ratings, please visit www.crisilratings.com or contact Customer Service Helpdesk at Crisilratingdesk@crisil.com or at 1800-267-3850 Annexure 1 - Bank-wise details of various facility classes (outstanding facilities) Amount (Rs. S.No. Bank Facility Bank Outstanding Rating in Crore) Proposed Long Term Bank 1 -- 38.6 Crisil AA-/Stable Loan Facility 2 Short Term Bank Facility State Bank of India 465 Crisil A1+ Kotak Mahindra Bank 3 Short Term Bank Facility 50 Crisil A1+ Limited 4 Short Term Bank Facility HDFC Bank Limited 135 Crisil A1+ 5 Short Term Bank Facility Axis Bank Limited 25 Crisil A1+ 6 Short Term Bank Facility Bank of Baroda 100 Crisil A1+ 7 Short Term Bank Facility ICICI Bank Limited 25 Crisil A1+ 8 Short Term Bank Facility DBS Bank India Limited 25 Crisil A1+ 9 Short Term Bank Facility Standard Chartered Bank 140 Crisil A1+ 10 Term Loan Exim Bank 22.51 Crisil AA-/Stable 11 Term Loan HDFC Bank Limited 58.89 Crisil AA-/Stable Total 1085 Disclaimer: A rating by Crisil Ratings reflects Crisil Ratings’ current opinion on the likelihood of timely payment of the obligations under the rated instrument, and does not constitute an audit of the rated entity by Crisil Ratings. Our ratings are based on information provided by the issuer or obtained by Crisil Ratings from sources it considers reliable. Crisil Ratings does no [Showing first 8,000 characters — download PDF for full document]