Credit Rating

September 23, 2026 To To BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra (East), Dalal Street Mumbai 400001 Mumbai 400 051 Scrip Code – 543597 Scrip Code - VOEPL Subject - ICRA’s Credit Rating for below mentioned Instruments of Virtuoso Optoelectronics Limited Dear Sir/Madam, Pursuant to regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that ICRA Ltd. has re-affirmed the ratings and assigned for enhanced account to Virtuoso Optoelectronics as per details given below: INSTRUMENT RATED AMOUNT (RS. CRORE) RATING ACTION Long term – Fund based [ICRA]BBB (Stable); Facilities – Cash Credit 115.00 reaffirmed and assigned for enhanced amount Long term – Fund based [ICRA]BBB (Stable); Facilities – Term Loan 132.81 reaffirmed and assigned for enhanced amount Long term – Unallocated 2.19 [ICRA]BBB (Stable); assigned limits TOTAL 250.00 Request you to kindly take the same on records. Thanking you, Yours Faithfully, For Virtuoso Optoelectronics Limited Prasad Zinjurde Company Secretary and Compliance Officer M No A54800 ICRA/Virtuoso Optoelectronics Limited/22092026/1 Date: September 22, 2026 Mr. Sajid Shaikh Chief Financial Officer Virtuoso Optoelectronics Limited 7, MIDC Area, Satpur, Nasik 422007 Dear Sir, Re: ICRA’s Credit Rating for below mentioned Instruments of Virtuoso Optoelectronics Limited As per the Rating Agreement/Statement of Work executed with ICRA Limited, ICRA’s Rating Committee has taken the following rating actions for the mentioned instruments of your company. Rated Amount Instrument Rating Action1 Financial Sector Regulator# (Rs. crore) [ICRA]BBB (Stable); Long term – Fund based 115.00 reaffirmed and assigned for RBI Facilities – Cash Credit enhanced amount [ICRA]BBB (Stable); Long term – Fund based 132.81 reaffirmed and assigned for RBI Facilities – Term Loan enhanced amount Long term – Unallocated 2.19 [ICRA]BBB (Stable); assigned RBI limits Total 250.00 #SEBI’s grievance redressal/dispute resolution and SEBI investor protection mechanisms such as SCORES and ODR shall not be 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, or the 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 ICRA website at www.icra.in for latest rating(s) of the company. The rating(s) are specific 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 proposal for re-schedulement or postponement of the repayment programmes of the dues/ debts of the company with 1 Complete definitions of the ratings assigned are available at www.icra.in. ICRA Limited Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel. +91-11-23357940-41 Building No. 8, 2nd floor, Tower A, DLF Cyber City, Phase II, Gurugram-122002 www.icra.in info@icraindia.com +91-93547-38909 +0124-4545300 CIN: L74999DL1991PLC042749 Sensitivity Label : Restricted 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 Srikumar Krishnamurthy Senior Vice President & Co-Group Head ksrikumar@icraindia.com Sensitivity Label : Restricted Annexure Details of Bank Limits Rated by ICRA (Rated on Long-Term Amount (Rs. Rating Rating Assigned on Scale) crore) Cash Credit Axis Bank Limited 35.00 HDFC Bank Limited 30.00 Kotak Mahindra Bank 30.00 [ICRA]BBB(Stable) September 11, 2026 WCDL Shinhan Bank 20.00 Term Loans Axis Bank Limited 0.26 Axis Bank Limited 2.54 Axis Bank Limited 2.78 Union Bank of India 6.26 HDFC Bank Limited 11.72 Siemens Finance 0.51 Siemens Finance 2.31 Siemens Finance 0.89 Siemens Finance 0.38 Siemens Finance 4.92 [ICRA]BBB(Stable) September 11, 2026 Siemens Finance 2.22 HDFC Bank Limited 12.45 Axis Bank Limited 5.62 Bajaj Finance Ltd 10.54 Kotak Mahindra Bank 44.87 Axis Bank Limited 11.41 Siemens Finance 3.91 Siemens Finance 2.97 Siemens Finance 0.87 GECL Axis Bank Limited 1.87 HDFC Bank Limited 1.14 [ICRA]BBB(Stable) September 11, 2026 HDFC Bank Limited 2.37 Unallocated 2.19 Total 250.00 Sensitivity Label : Restricted