As per attachment.

03rd September, 2026 The Manager Department of Corporate Services BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai- 400 001 Scrip Code: 530627 Sub.: Intimation relating to credit rating by Crisil Dear Sir/Madam, This is to inform you that the CRISIL has assigned the credit rating to the Company as mentioned below, vide their letter dated 03rd September, 2026. Total Bank Loan Facilities Rated Rs. 72 Crore Long Term Rating Crisil BB+/Stable Short Term Rating Crisil A4+ A letter received from Crisil in respect to above is attached. This is for your information and records. Yours faithfully, For VIPUL ORGANICS LIMITED Vipul Shah Managing Director DIN:- 00181636 Encl.: As above CONFIDENTIAL RL/VPDCLTD/376055/BLR/0926/158108 September 03, 2026 Mr. Pankaj Singhvi General Manager - Finance And Accounts Vipul Organics Limited 102, Andheri Industrial Estate Off. Veera Desai Road, Andheri (W) Mumbai City - 400053 8511103797 Dear Mr. Pankaj Singhvi, Re: Crisil rating on the bank facility(ies) of Vipul Organics 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 as on date. Total Bank Loan Facilities Rated Rs.72 Crore Long Term Rating Crisil BB+/Stable Short Term Rating Crisil A4+ (Bank-wise details as per Annexure 1) Crisil Ratings also disseminates the rating on the bank facilities through its website and updates the rating lists on Crisil Ratings’ website on a real time basis. Additionally, the rating lists in its publications such as Rating Scan and BLR Connect are also updated to reflect the latest ratings outstanding on the bank loan facilities. Crisil Ratings reserves the right to withdraw, or revise the ratings/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. The rating outstanding on the above bank facilities during April 01, 2026, to September 02, 2026, was Crisil BB+/Stable/Crisil A4+. This letter will remain valid till March 31, 2027. After this date, please insist for a new rating letter (dated later than March 31, 2027). Please visit www.crisilratings.com to confirm that the rating continues to be under surveillance and the rating is still valid. 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 clarifications, please feel free to contact us. With warm regards, Yours sincerely, 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 Shalaka Singh Nivedita Shibu Associate Director - Crisil Ratings Director - Crisil Ratings Annexure 1 - Bank-wise details of various facility classes (outstanding facilities) Amount (Rs. S.No. Bank Facility Bank Outstanding Rating in Crore) 1 Cash Credit Axis Bank Limited 3 Crisil BB+/Stable 2 Foreign Bill Purchase Bank of Baroda 6.6 Crisil A4+ 3 Foreign Bill Purchase Axis Bank Limited 17 Crisil A4+ 4 Foreign Bill Purchase Bank of Baroda 3.4 Crisil A4+ 5 Inland/Import Letter of Credit Bank of Baroda 2.4 Crisil A4+ 6 Packing Credit Bank of Baroda 2 Crisil A4+ The Hongkong and Shanghai 7 Term Loan 28.5 Crisil BB+/Stable Banking Corporation Limited 8 Term Loan Axis Bank Limited 1.03 Crisil BB+/Stable The Hongkong and Shanghai 9 Working Capital Facility 7 Crisil BB+/Stable Banking Corporation Limited 10 Working Capital Term Loan Axis Bank Limited 1.07 Crisil BB+/Stable Total 72 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: List of instruments and names of regulators of the instruments As required by SEBI CRA Circular dated Feb 10, 2026, a list of activities or instruments falling under the purview of various FSRs, along with the names of respective FSRs, is being disclosed below: A. Rating activities Sr. No. Instrument / activity Name Regulator of the instruments 1 Listed/Proposed to be listed bonds/debentures/preference share (all securities) SEBI 2 Unlisted/Proposed to be unlisted Bonds/Debentures/ Preference share (all securities) MCA 3 Listed PTCs / Securitisation Notes (originated by entities regulated by RBI)* $. RBI 4 Listed PTCs / Securitisation Notes (originated by entities not regulated by RBI)* SEBI 5 Unlisted PTCs / Securitisation Notes (originated by entities regulated by RBI)* RBI 6 Listed Commercial Paper and NCDs with original mat [Showing first 8,000 characters — download PDF for full document]