UPGRADATION OF CREDIT RATING BY CARE RATING LIMITED

rrr amdlng lo Oelo'Texd Stdndond 100 REF: NSL/SG/2o26-27 Date:22.06.2026 BSE Ltd. National Stock Exchange of lndia Limited Ph i roze Jeejeebhoy Towers Exchange Plaza, Dalal Street Bandra Kurla Complex Mumbai- 400 001 Bandra (E), Murnbai- 400 051. Company Code - 532698 Company lD - NITINSPIN Sub. : Upgradation of Credit Rating by CARE RATING LIMITED ln pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,2OL5, we hereby inform you thatthe CARE Rating Limited has upgraded credit Rating on bank facilities of the Company as per following details:- Facilities Current Credit Rating Previous Credit Rating Long Term Bank Facilities CARE A+; Stable; Upgraded CARE A; Positive Short Term Bank Facilities CARE A1; Reaffirmed CARE A1 A copy of letter dtd. 22.06.2026 as issued by the CARE Rating Limited is attached herewith. Thanking you, Yours faithfully, For-Nitin Spinners Limited (Sudhir Garg) Company Secretary & VP (Legal) M.No. ACS 9684 Encl. as above ClN. : L17111 RJ1 992P1C006987 Regd. Office & Plant: 16-17 Km. Stone, Chittor Road, Hamirgarh, Bhilwara (Raj.) 311 025 Tel. :286110 to113, E-mail : nsl@nitinspinners.com, Website : www.nitinspinners'com ffi.m^ SUPIMA USTERIZED. WORLD'S FINEST COTTONS htertek No. CARE/ARO/RL/2026-27/2713 Shri Dinesh Nolkha Managing Director Nitin Spinners Limited 16-17 KM STONE, CHITTOR ROAD, HAMIRGARH, Bhilwara Rajasthan 311025 June 22, 2026 Confidential Dear Sir, Credit rating for bank facilities On the basis of recent developments including operational and financial performance of your Company for FY26 (Audited), our Rating Committee has reviewed the following ratings: Facilities Amount (₹ crore) Rating1 Rating Action 2,371.71 CARE A+; Upgraded from CARE A; Long Term Bank Facilities (Reduced from 2,375.62) Stable Positive Short Term Bank Facilities 66.70 CARE A1 Reaffirmed 2. Refer Annexure 1 for details of rated facilities. 3. A brief write-up (press release) and rating report for the rating will be communicated to you separately. 4. CARE Ratings Ltd. reserves the right to undertake a surveillance/review of the rating from time to time, based on circumstances warranting such review, subject to at least one such review/surveillance every year. 1Complete definitions of the ratings assigned are available at www.careratings.com and in other CARE Ratings Ltd.’s publications. CARE Ratings Limited 32, Titanium, Prahladnagar Corporate Road, Corporate Office :4th Floor, Godrej Coliseum, Satellite, Ahmedabad - 380015 Somaiya Hospital Road, Off Eastern Express Phone: +91-79-4026 5656 Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 Page 1 of 5 5. CARE Ratings Ltd. reserves the right to revise/reaffirm/withdraw the rating assigned as also revise the outlook, as a result of periodic review/surveillance, based on any event or information which in the opinion of CARE Ratings Ltd. warrants such an action. In the event of failure on the part of the entity to furnish such information, material or clarifications as may be required by CARE Ratings Ltd. so as to enable it to carry out continuous monitoring of the rating of the bank facilities, CARE Ratings Ltd. shall carry out the review on the basis of best available information throughout the life time of such bank facilities. In such cases the credit rating symbol shall be accompanied by “ISSUER NOT COOPERATING”. CARE Ratings Ltd. shall also be entitled to publicize/disseminate all the afore-mentioned rating actions in any manner considered appropriate by it, without reference to you. 6. Our ratings 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. 7. Our ratings do not factor in any rating related trigger clauses as per the terms of the facility/instrument, which may involve acceleration of payments in case of rating downgrades. However, if any such clauses are introduced and if triggered, the ratings may see volatility and sharp downgrades. 8. Users of this rating may kindly refer our website www.careratings.com for latest update on the outstanding rating. 9. CARE Ratings Ltd. ratings are not recommendations to sanction, renew, disburse or recall the concerned bank facilities. If you need any clarification, you are welcome to approach us in this regard. Thanking you, Yours faithfully, Naman Doshi Akshay Dilipbhai Morbiya Lead Analyst Associate Director naman.doshi@careedge.in akshay.morbiya@careedge.in Encl.: As above CARE Ratings Limited 32, Titanium, Prahladnagar Corporate Road, Corporate Office :4th Floor, Godrej Coliseum, Satellite, Ahmedabad - 380015 Somaiya Hospital Road, Off Eastern Express Phone: +91-79-4026 5656 Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 Page 2 of 5 Disclaimer This disclaimer pertains to the ratings issued and content published by CARE Ratings Limited (“CareEdge Ratings”). Ratings are opinions on the likelihood of timely payment of the obligations under the rated instrument and are not recommendations to sanction, renew, disburse, or recall the concerned bank facilities or to buy, sell, or hold any security. Any opinions expressed herein are in good faith and are subject to change without notice. The rating reflects the opinions as on the date of the rating. A rating does not convey suitability or price for the investor. The rating agency does not conduct an audit on the rated entity or an independent verification of any information it receives and/or relies on for the rating exercise. CareEdge Ratings has based its ratings/outlook on the information obtained from reliable and credible sources. CareEdge Ratings does not, however, guarantee the accuracy, adequacy, or completeness of any information and is not responsible for any errors or omissions and the results obtained from the use of such information. The users of the rating should rely on their own judgment and may take professional advice while using the rating in any way. CareEdge Ratings shall not be liable for any losses that user may incur or any financial liability whatsoever to the user of the rating. The use or access of the rating does not create a client relationship between CareEdge Ratings and the user. 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However, if any such clauses are introduced and triggered, the ratings may see volatility and sharp downgrades. CareEdge Ratings has established policies and procedures as required under applicable laws and regulations which are available on its website. Privacy Policy applies. For Privacy Policy please refer to https://www.careratings.com/privacy_policy © 2026, CARE Ratings Limited. All Rights Reserved. This content is being published for the purpose of dissemination of information required as per applicable law and regulations and CARE Ratings Limited holds exclusive copyright over the same. Any reproduction, retransmission, modification, derivative works or use or refe [Showing first 8,000 characters — download PDF for full document]