Credit Rating- Revision

10 July 2026 BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai 400001, Bandra (East), Mumbai 400051, Maharashtra, India Maharashtra, India Scrip Code: 540975 Scrip Symbol: ASTERDM Dear Sir/ Madam, Sub: Intimation of revised Credit Rating Ref: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Pursuant to Regulation 30 of the Listing Regulations read with the SEBI Master Circular dated January 30, 2026, we wish to inform you that ICRA Limited (“ICRA”) has revised the credit ratings of Aster DM Quality Care Limited ("the Company") as under: Particulars Previous Current Rating Action Rated Rated Amount Amount (₹ crore) (₹ crore) Long-term – Fund-based 382.00 1607.00 [ICRA]AA (Stable) –Term Loan Upgraded from [ICRA]A+; removed from Rating Watch with Positive Implications and Stable outlook assigned; assigned for enhanced amount Short-term – Fund-based 190.00 190.00 [ICRA]A1+; Reaffirmed – Working Capital Facilities Short-term – Non-fund 30.00 30.00 [ICRA]A1+; Reaffirmed Based –Working Capital Facilities Total 602.00 1827.00 A copy of the Credit Rating letter is enclosed for the reference. We request you to kindly take the above information on record. Thanking you, For Aster DM Quality Care Limited Hemish Purushottam Company Secretary and Compliance Officer M. No. A24331 Aster DM Quality Care Limited (Formerly Aster DM Healthcare Ltd.) Registered Office: No 7-1-450/20, Plot No-04, Mythri Vihar, Sanjeev CIN: L85110TS2008PLC207383 Reddy Nagar, Ameerpet, Hyderabad, Telangana, India, 500038 Telephone: +91 96060 61833 E-mail: cs@asterqualitycare.com Corporate Office: Brigade Deccan Heights 20th & 12th Floor, Website: www.asterqualitycare.com #42, 5th Mile, Tumkur Rd, Yeshwanthpur Industrial Area, Phase 1, Yeshwanthpur, Bengaluru-560022 ICRA Limited ICRA/Aster DM Quality Care Limited (formerly known as Aster DM Healthcare Limited)/10072026/01 Date: July 10, 2026 Mr. Sunil Kumar M R Group CFO Aster DM Quality Care Limited (formerly known as Aster DM Healthcare Limited) Awfis, 2nd Floor, 27 & 27/1 Renaissance Centra, Mission Rd, Rama Nagar Bengaluru, Karnataka 560027, India Dear Sir, Re: Aster DM Quality Care Limited (formerly known as Aster DM Healthcare Limited) following rating actions for the mentioned instruments of your company. Current rated Financial sector Instrument* amount Rating action regulator# (Rs. crore) [ICRA]AA (Stable); Upgraded from [ICRA]A+; removed from Rating Long-term Fund-based Term Loan 1607.00 Watch with Positive Implications RBI and Stable outlook assigned; assigned for enhanced amount Short-term Fund-based Working Capital 190.00 [ICRA]A1+; Reaffirmed RBI Facilities Short-term Non-fund Based Working 30.00 [ICRA]A1+; Reaffirmed RBI Capital Facilities Total 1827.00 available for activities and instruments which fall under the regulatory purview of Financial Sector Regulators other than SEBI. The aforesaid rating(s) will become due for surveillance within one year from the date of rating communication letter. However, ICRA reserves the right to review and/or, revise the above rating(s) at any time based on new information becoming available, orthe required information not being available, or other circumstances that ICRA believes could have an impact on the rating(s). Therefore, request the lenders and investors to visit ICRAwebsiteatwww.icra.infor latest rating(s) of the company. The rating(s) arespecific to the terms and conditions of the instruments as indicated to us by you, and any change in the terms or size of the same would require a review of the rating(s) by us. In case there is any change in the terms and conditions or the size of the rated instrument, the same must be brought to our notice before the instrument is used by you. In the event such changes occur after the rating(s) have been assigned by us and their use has been confirmed by you, the rating(s) would be subject to our review,following which there could be a change in the rating(s) previously assigned. Notwithstanding the foregoing, any change in the over-all limit of the instrument from that specified in this letter, would constitute an enhancement that would not be covered by or under the said Rating Agreement. The rating(s) assigned must be understood solely as an opinion and should not be treated, or cause to be treated, as recommendation to buy, sell, or hold the rated instrument availed/issued by your company. You are also requested to forthwith inform us about any default or delay in repayment of interest or principal amount of the instrument rated, as above, or any other debt instruments/ borrowing and keep us informed of any other developments which may have a direct or indirect impact on the debt servicing capability of the company including any Building No. 8, 2ndFloor, Tower A Tel.: +91.124 .4545300 Website: www.icra.in DLF Cyber City, Phase II CIN: L749999DL1991PLC042749 Email: info@icraindia.com Gurugram 122002, Haryana Sensitivity Label : Restricted Helpdesk: +91 9354738909 Registered Office: B-771100,, SSttaatteessmmaann HHoouussee,, 114488,, BBaarraakkhhaammbbaa RRooaadd,, NNeeww DDeellhhii 111100000011.. TTeell..:: ++9911..1111..2233335577994400-41 RATING RESEARCH INFORMATION proposal for re-schedulementor postponement of the repayment programmes of the dues/ debts of the company with any lender(s) / investor(s), or occurrence of any significant development that could impact the ability of the company to raise funds such as restriction imposed by any authority from raising funds through issuance of debt securities through electronic bidding system. Further, you are requested to inform us immediately as and when the borrowing limit for the instrument rated, as above, or as prescribed by the regulatory authority(ies) is exceeded. We look forward to your communication and assure you of our best services. With kind regards, Yours sincerely, For ICRA Limited K Srikumar Senior Vice President ksrikumar@icraindia.com Sensitivity Label : Restricted Annexure Details of Bank Limits Rated by Amount (Rs. crore) Rating Rating Assigned On ICRA (Rated on Long-Term Scale) Term Loan Federal Bank Limited 174.30 Axis Bank Limited 148.00 HDFC Bank Limited 8.75 Bajaj Finserv Limited 38.75 July 09, 2026 (Stable) Deutsche BK AG 1225.00 WCTL Federal Bank Limited 12.03 Total 1607.00 Details of Bank Limits Rated by ICRA (Rated on Short-Term Amount (Rs. crore) Rating Rating Assigned On Scale) Overdraft Federal Bank Limited 48.00 Axis Bank Limited 5.00 HDFC Bank Limited 5.00 Total A 58.00 WCDL Federal Bank Limited 72.00 YES Bank Limited 60.00 [ICRA]A1+ July 09, 2026 Total B 132.00 Total (A+B) 190.00 Bank Guarantee Federal Bank Limited 30.00 Total 30.00 Unallocated Limits 0.17 Total 0.17 Sensitivity Label : Restricted