Credit Rating- New

Cement Limited JSW Centre Opp. MMRDA Ground, Bandra Kurla Comp lex, Bandra (East), Mumbai - 400 051. Tel : +91-22-4286 1000 Fax : 26502001 Website : www.jswcement.in CIN :– L26957MH2006PLC160839 Date: 08.09.2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Fort, Bandra Kurla Complex, Bandra (E), Mumbai 4005 040414,8 0 Mumbai J-S 4W00C E0M51E NT Maharashtra, India Maharashtra, India Scrip Code: Symbol: Sub: Credit rating by India Ratings and Research Ref: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/ Madam, We write to inform that India Ratings and Research has assigned its ratings of ‘IND AA-/Stable’ to the proposed issue of the non-convertible debentures of the Company and affirmed its ratings of ‘IND AA-/Stable/IND A1+’ assigned to bank loan facilities of the Company. Copy of the letter issued by India Ratings and Research is attached herewith. The copy of the above disclosure is also available on the website of the Company at https://www.jswcement.in/ This is for your information and records. Thanking you, For JSW Cement Limited Yours sincerely, Sneha Bindra Company Secretary & Compliance Officer Mr. Narinder S.Kahlon Chief Financial Officer JSW Cement Limited JSW Centre, Bandra Kurla Complex, Bandra (East), Mumbai-400051 September 08, 2026 Dear Sir/Madam, Re: Rating Letter for BLR & Proposed NCD of JSW Cement Limited India Ratings and Research (Ind-Ra) has taken the following rating actions on JSW Cement Limited’s (JSWCL) debt instruments: Size of Regulator Coupon Rating Assigned Instrument Date of Maturity Issue Rating of Rate along with Description Issuance Date (INR Action Instrument (%) Watch/Outlook million) Bank loan IND AA-/Stable/IND RBI - - - 32,490 Affirmed facilities A1+ Proposed non- convertible SEBI - - - 5,000 IND AA-/Stable Assigned debentures In issuing and maintaining its ratings, India Ratings relies on factual information it receives from issuers and underwriters and from other sources India Ratings believes to be credible. India Ratings conducts a reasonable investigation of the factual information relied upon by it in accordance with its ratings methodology, and obtains reasonable verification of that information from independent sources, to the extent such sources are available for a given security. 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Nothing in this letter is intended to or should be construed as creating a fiduciary relationship between India Ratings and you or between India Ratings and any user of the ratings. In this letter, “India Ratings” means India Ratings & Research Pvt. Ltd. and any successor in interest. We are pleased to have had the opportunity to be of service to you. If we can be of further assistance, please email us at infogrp@indiaratings.co.in Sincerely, India Ratings Abhishek Bhattacharya JSWCementLimited 08-September-2026 Senior Director JSWCementLimited 08-September-2026 Annexure: Facilities Breakup Outstanding/Rated Instrument Regulator of Bank Name Ratings Amount(INR Description Instrument million) Fund Based Working IND AA- RBI Axis Bank Limited 1500.00 Capital Limit /Stable/IND A1+ Fund Based Working IND AA- RBI Indian Bank 390.00 Capital Limit /Stable/IND A1+ Fund Based Working Kotak Mahindra IND AA- RBI 2500.00 Capital Limit Bank /Stable/IND A1+ Non-Fund Based Working Capital RBI Axis Bank Limited IND A1+ 1500.00 Limit No [Showing first 8,000 characters — download PDF for full document]