Credit Rating

al NahaP,. eu. ENTERPRISES LTD. Regd. & Admn. Office : Focal Point, Ludhiana - 141 010 (INDIA) Phones - 0091-161-2672590 to 91, 5064200 Fax : 0091-161-2674072, 5083213 E-mail : nilldh@owmnahar.com, Website : www.owmnahar.com NIEL:SCY:2026: Dated: 11.09.2026 BSE Limited National Stock Exchange of India Limited (Department of Corporate Services) Exchange Plaza, Floor 25, P J Towers, Bandra Kurla Complex, Dalal Street, Fort, MUMBAI 400001 Bandra East MUMBAI 400051 (519136) (NAHARAINDUS) Sub: Credit Rating Dear Sir/Madam, aRI 1P 1e snu ,gd r i u us a l n2u a d0a t ei(n 2 rL ot :6i n s st ht ’o i a) nt s,g h we i sO ep sb r ul wo ei ov dgi u as l rti adio to n in l ns is g k o e o f a t nonR e td ig h nu efl D o ba i r at s mi nc o l kyn o o fs u a3 u c 0 r it( le h i3 a t) it R e o se t f hq o et u f h i NCe r aR eS hIme S aec I rnu Lt r Ii s nt v) di i ue d ss e tR rea i ig t an u s l d l e a EmE t naix tio ec ln rh s pa o, rn n i g s2 S ee 0 se 1 pB L5 to i a e mir m t(d b‘ e t e do h ,ref Total Bank Loan Facilities Rated | Rs.1100 Crore Long Term Rating Short Term Rating Please take on record the same. Thanking you, Yours faithfully, For NAHAR INDUSTRIAL ENTERPRISES LIMITED COMPANY SECRETARY K\ 4 Jey Encl: As above We OY GSTIN : O3AACCN3563A272, CIN: L15143PB1983PLC018321 Crisil CONFIDENTIAL Ratings RL/NAHINDU/40529 1/BLR/0926/158713 September 10, 2026 Mr. Bharat Bhushan Gupta Chief Financial Officer Nahar Industrial Enter prises Limited Focal Point Ludhiana - 141010 9872829744 Dear Mr. Bharat Bhushan Gupta, Re: Crisil Ratings on the bank facilities of Nahar Industrial Enter prises 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.1100 Crore Long Term Rating Crisil A-/Stable Short Term Rating Crisi] A2+ (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. Please visit www.crisilratings.com and search with the name of the rated entity to access the latest rating/s 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 (RBD, 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 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). Should you require any clarification, please feel free to get in touch with us. With warm regards, Yours sincerely, Crisil. Pallavi Singh Nivedita Shibu Associate Director - Crisil Ratings Director - Crisil Ratings Disclaimer: A rating by Crisil Ratings reflects Crisif 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. Crisif Ratings does not guarantee the completeness or accuracy of the information on which the rating is based. A rating by Crisil Ratings is nota recommendation to buy / sell or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. Crisif Ratings has a practice of keeping ail 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. Crisif Ratings’ criteria are available without charge to the public on the web site, www.crisilratings.com. Crisif 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 Crisit Ratings, please visit www.crisilratings.com or contact Customer Service Helpdesk at Crisilratingdesk@ crisil.com or at 1800-267-3850 Crisil Ratings Limited Corporate Identity Number: U67100MH2019PLC326247 Registered Office: Lightbridge IT Park, Saki Vihar Road, Andheri East, Mumba40i0 072, India. Phone: +91 22 6137 3000| www.crisilratings.com acompany of S&P Global Crisil Ratings Annexure 1 - Bank-wise details of various facility classes (outstanding facilities) se Amount (Rs. : . S.No. | Bank Facility Bank in Crore) Outstanding Rating 1 Cash Credit Punjab National Bank 56.4 Crisil A-/Stable 2 Cash Credit IDBI Bank Limited 111.7 Crisil A-/Stable 3 Cash Credit Indian Bank 76.2 Crisil A-/Stable 4 Cash Credit State Bank of India 186.5 Crisil A-/Stable 5 Cash Credit Bank of Baroda 49.2 Crisil A-/Stable 6 | Letter of credit & Bank IDBI Bank Limited ul Crisil A2+ Guarantee 7 Letter of credit & Bank State Bank of India 19 Crisil A2+ Guarantee 8 Letter of credit & Bank Punjab National Bank 10 Crisil A2+ Guarantee g | Letter of credit & Bank Indian Bank 14.6 Crisil A2+ Guarantee 10 Letter of credit & Bank Bank of Baroda 15.4 Crisil A2+ Guarantee 11 Loan Equivalent Risk Limits IDBI Bank Limited 5 Crisil A2+ 12 | Loan Equivalent Risk Limits State Bank of India 5.13 Crisil A2+ 13 | Long Term Loan IDBI Bank Limited 43 Crisil A-/Stable 14 | Long Term Loan Indian Bank 106.9 Crisil A-/Stable 15 | Long Term Loan State Bank of India 37.36 Crisil A-/Stable 16_| Long Term Loan Axis Bank Limited 191.81 Crisil A-/Stable 17__| Long Term Loan HDFC Bank Limited 130.58 Crisil A-/Stable ig. | Proposed Long Term Bank | _ 30.22 Crisil A-/Stable Loan Facility Total 1100 Disclaimer: A rating by Crisil Ratings reflects Crisif 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. Crisif Ratings does not guarantee the completeness or accuracy of the information on which the rating is based. A rating by Crisil Ratings is nota recommendation to buy / sell or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. Crisif Ratings has a practice of keeping ail 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. Crisif Ratings’ criteria are available without charge to the public on the web site, www [Showing first 8,000 characters — download PDF for full document]