Intimation regarding Credit Rating assigned by Infomerics and Valuation and Rating Limited

NITCO TILES MARBLE MOSAICO NITCO/SE/2026-27/39 September 02, 2026 Corporate Service Department The Listing Department BSE Limited National Stock Exchange of India Limited Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex, Bandra Dalal Street, (E), Mumbai – 400 001 Mumbai – 400 051 Script code: 532722 Script code: NITCO Dear Sir/Madam, Sub: Intimation regarding Credit Rating assigned by Infomerics Valuation and Rating Limited Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the Listing Regulations”), we wish to inform you that Infomerics Valuation and Rating Limited, a credit rating agency vide their letter dated September 02, 2026 has assigned its ratings on the facilities of Nitco Limited (“the Company”) as follows: Instrument Amount Ratings Rating Action (Rs. crore) Non-Convertible Debentures 50.00 IVR Rating BB+/Stable reaffirmed Redeemable Non- 150.00 IVR Rating Convertible Preference BB+/Stable reaffirmed Shares The rating letter received from Infomerics Valuation and Rating Limited is attached. Kindly take the above information on your records. Thanking You, Yours Sincerely, For NITCO Limited Vivek Talwar Chairman & Managing Director DIN: 00043180 Encl: A/a Registered Office: NITCO Limited, 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, Maharashtra, India, 400 030. Tel.: 91-22-25772800|25772790. CIN: L26920MH1966PLC016547. Email: investorgrievances@nitco.in Website: www. nitco.in lNFOMERICS VALUATION AND RATING LTD. Integrated Financial Omnibus Metrics Research of International Corporate Systems lnfomerics (Formerly lnfomerics Valuation And Rating Pvt. Ltd.) Ratings Mr. Kamal Abrol Chief Financial Officer Nitco Limited Plot No 3, Kanjur Village Station Road, Kanjur Marg East, Mumbai, India - 400042 September 02, 2026 Dear Sir, Credit rating for Non-Convertible Debentures and Redeemable Non-Convertible Preference shares of Nitco Limited After taking into account all the relevant recent developments including operational and financial performance of your company for FY26 (Audited) and Q1 FY27. 1. Our Rating Committee has reviewed the followinQ ratinQs: Amount Instrument Ratings Rating Action RegulatorA (Rs. crore) NCDs 50.00 Rating reaffirmed MCA BB+/Stable --- - -- -- Redeemable Non- Convertible 150.00 Rating reaffirmed MCA BB+/Stable Preference shares 200.00 Total (Rupees Two Hundred Crore Only) "Kindly note that for activities or instruments falling under the purview of FSRs other thanSEBI, - the grievance/dispute redressal mechanisms and investor protection mechanisms provided by Sl BI sball not be available. -- - --- - - -- 2. Details of the rated facilities are provided in Annexure I and list of activities / instruments and names of regulators are given in Annexure II. 3. For rating symbols for long term and short-term rating, definitions, criteria, methodologies and appeal policy please refer to our website www.infomerics.com. 4. The press release for the rating(s) will be communicated to you shortly. 5. The above rating is normally valid for a period of one year from the date of the rating committee (that is September 01, 2027). Head Office: Flat No. 104/108, First Floor Golf Apartments, Sujan Singh Park, Maharishi Ramanna Marg, New Delhi - 110003, (INDIA) Phone: 011 -41410244, 40154576, 24611910, 24654796 Fax: 011 -24627549 Corporate Office: Office No. 1102.1103, 1104, B-Wing, Kanakia Wall Street, Off. Andheri Kurla Road,Andheri East, Mumbai-400093, (INDIA) Phone No. : 022 -62396023. 62396053 E-mail : info@infomerics.com, Website: www.infomerics.aom CIN : U32202DL1 986PLC024575 lnfomerics Ratings 6. If the proposed long term I short term facility (if any) is not availed within a period of six months / three months respectively from the date of this letter, then the rating may please be revalidated from us before availing the facility. 7. INFOMERICS reserves the right to undertake a surveillance/review of the rating(s) from time to time, based on circumstances warranting such review, subject to at least one such review/surveillance every year. 8. A formal surveillance/review of the rating is normally conducted within 12 months from the date of initial rating/last review of the rating. However, INFOMERICS reserves the right to undertake a surveillance/review of the rating more than once a year if in the opinion of INFOMERICS, circumstances warrant such surveillance/review. 9. You shall provide us with a No Default Statement as at the last date of the month on the first date of succeeding month without fail. The NOS shall be mailed every month to nds@lnfomerics.com and to the mail id of the undersigned. 10. You shall provide the quarterly performance results/quarterly operational data {being submitted to Banks) to us within 6 weeks from the close of each calendar quarter for our review/monitoring. 11. You shall furnish all material information and any other information called for by INFOMERlCS in a timely manner, for monitoring the rating assigned by INFOMERICS. In the event of failure on your part in furnishing such information, to carry out continuous monitoring of the rating of the bank facilities, INFOMERICS shall carry out the review/annual surveillance based on best available information throughout the lifetime of such bank facilities as per the policy of INFOMERICS. 12. Please note that INFOMERICS ratings are not recommendations to buy, sell or hold any security or to sanction, renew, disburse or recall the bank facilities. INFOMERICS do not take into account the sovereign risk, if any, attached to the foreign currency loans, and the ratings are applicable only to the rupee~ equivalent of these loans. ~ Continuation Sheet No. lnfomerics Ratings 13. Users of this rating may kindly refer our website www.infomerics.com for latest update on the outstanding rating. 14. Further, this is to mention that all the clauses mentioned in the initial rating letter dated August 30, 2024, also stand applicable. If you need any clarification, you are welcome to approach us in this regard. Thanking you, Yours faithfully, Sonal Ghanchi Rating Analyst Senior Manager - Ratings sonal. hanchi infomerics.com neha.khan infomerics.com Disclaimer: lnfomerics ratings are independent opinions on the credit risk of the issue/issuer as of the date they are assigned and do not constitute statements of fact or recommendations to buy, hold or sell securities. The rating reflects lnfomerics' opinion on the relative credit risk of the rated instrument or entity at the time it is assigned. lnfomerics reserves the right to change or withdraw the credit ratings at any point in time. lnfomerics ratings are based on information and data provided by the issuer or obtained from sources believed by lnfomerics to be accurate and reliable. lnfomerics does not conduct any audit, due diligence or independent verification of the rated issuer or of the information provided to it unless specifically required under applicable regulatory guidelines. The credit ratings are not recommendations to sanction, renew, disburse, or recall the concerned bank facilities. While reasonable care has been taken to ensure the accuracy of the information herein, it is provided on an 'as is' basis and to the maximum extent permitted by law without warranty of any kind. lnfomerics makes no representation or warranty, express or implied, regarding the accuracy, adequacy, timeliness, or completeness of any information contained in this report. All entities whose bank facilities/instruments are rated by us have paid a credit rating fee. based on the amount and type of bank facilities/instruments. lnfomerics, or any of its group companies, may have provided other permissible services other than credit ratings to the rated issuer in the ordinary course of business. To the maximum extent permitted by applicable law, in no event shall lnfomerics, its affiliates, or their respective directors, [Showing first 8,000 characters — download PDF for full document]