Credit Rating- New

BIL/SE/2026-27 23rd September, 2026 BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers 5th Floor, Exchange Plaza Dalal Street Bandra Kurla Complex Mumbai – 400 001 Bandra (E), Mumbai 400 051 Equity Scrip Code: 502355 (Equity) Trading Symbol: BALKRISIND Scrip Code : 977667 (Debt) (INE787D 08047) Scrip Code : 977668 (Debt) (INE787D 08039) Scrip Code : 977669 (Debt) (INE787D 08054) Scrip Code : 978121 (Debt) (INE787D08062) Scrip Code : 978123 (Debt) (INE787D08070) Scrip Code : 978122 (Debt) (INE787D08088) Dear Sir/Madam, Sub : Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 – CREDIT RATING Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that CRISIL Ratings Limited (CRISIL) vide its Letter No. RL/BALKRIS/390225/CP/0926/159499 (letter enclosed) dated 22nd September, 2026 has assigned a Credit rating of ‘Crisil A1+’ (pronounced as Crisil A one plus rating) to the proposed Rs.500 crores commercial paper of the Company. The aforesaid information is also being placed on the website of the Company at www.bkt-tires.com. You are requested to kindly take the above information on record and disseminate. Thanking you, Yours faithfully, For Balkrishna Industries Limited Vipul Shah Director & Company Secretary And Compliance Officer DIN: 05199526 Encl: As Above Balkrishna Industries Ltd. CIN No.: L99999MH1961PLC012185 Corporate Office : BKT House, C / 15, Trade World, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013, India. Tel: +91 22 6666 3800 Fax: +91 22 6666 3898/99 www.bkt-tires.com Registered Office: B-66, Waluj MIDC, Waluj Industrial Area, Chhatrapati Sambhaji Nagar– 431 136, Maharashtra, India CONFIDENTIAL RL/BALKRIS/390225/CP/0926/159499 September 22, 2026 Mr. Saroj Khuntia Chief Financial Officer Balkrishna Industries Limited BKT House, C/15, Trade World, Kamala Mills Compund, Senapati Bapat Marg, Lower Parel, Mumbai, Mumbai City - 400013 7021000002 Dear Mr. Saroj Khuntia, Re: Crisil rating on the Rs. 500 Crore Commercial Paper of Balkrishna Industries Limited. All ratings assigned by Crisil Ratings are kept under continuous surveillance and review. Please refer to our rating letter dated June 18, 2026 bearing Ref. no: RL/BALKRIS/390225/CP/0626/150530 Rating outstanding on the captioned debt instruments is Crisil A1+ (pronounced as "Crisil A one plus rating"). Securities with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such securities carry lowest credit risk. For the purpose of issuance of captioned commercial paper programme, this letter is valid for 60 calendar days from the date of the letter. In the event of your company not placing the above programme within this period, or in the event of any change in the size/structure of your proposed issue, the rating shall have to be reviewed and a letter of revalidation shall have to be issued to you. Once the instrument is issued, the above rating is valid (unless revised) throughout the life of the captioned Commercial Paper Programme with a maximum maturity of one year. As per our Rating Agreement, Crisil Ratings would disseminate the rating through its publications and other media, and keep the rating under surveillance for the life of the instrument. Crisil Ratings reserves the right to withdraw or revise the ratings assigned to the captioned instrument 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 rating. 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 (RBI), 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 Should you require any clarifications, please feel free to contact us. With warm regards, Yours sincerely, Disclaimer: A rating by Crisil Ratings reflects Crisil 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. CRISIL Ratings does not guarantee the completeness or accuracy of the information on which the rating is based. A rating by Crisil Ratings is not a recommendation to buy / sell or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. Crisil Ratings has a practice of keeping all 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. Crisil Ratings’ criteria are available without charge to the public on the web site, www.crisilratings.com. Crisil 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 Crisil Ratings, please visit www.crisilratings.com or contact Customer Service Helpdesk at Crisilratingdesk@crisil.com or at 1800-267-3850 Joanne Annie Gonsalves Nivedita Shibu Associate Director - Crisil Ratings Director - Crisil Ratings Annexure: List of instruments and names of regulators of the instruments As required by SEBI CRA Circular dated Feb 10, 2026, a list of activities or instruments falling under the purview of various FSRs, along with the names of respective FSRs, is being disclosed below: A. Rating activities Sr. No. Instrument / activity Name Regulator of the instruments 1 Listed/Proposed to be listed bonds/debentures/preference share (all securities) SEBI 2 Unlisted/Proposed to be unlisted Bonds/Debentures/ Preference share (all securities) MCA 3 Listed PTCs / Securitisation Notes (originated by entities regulated by RBI)* $. RBI 4 Listed PTCs / Securitisation Notes (originated by entities not regulated by RBI)* SEBI 5 Unlisted PTCs / Securitisation Notes (originated by entities regulated by RBI)* RBI 6 Listed Commercial Paper and NCDs with original maturity less than 1 year RBI 7 Unlisted Commercial Paper and NCDs with original maturity less than 1 year RBI 8 Loan Facilities (Fund/Non-Fund Based) from Bank/NBFCs/NHB/FIs ^ RBI 9 External Commercial Borrowings and other similar borrowings RBI 10 Certificates of Deposit RBI 11a Fixed Deposits raised by NBFCs,HFCs, FIs RBI 11b Fixed Deposits raised by Banks + 12 Fixed Deposits raised by corporates other than NBFCs, Banks, HFCs, FIs MCA 13 Inter Corporate Deposits/Loans extended by Corporates MCA 14 Borrowing programme ~ - 15 Issuer Ratings # - 16 Credit Ratings for Capital Protection Oriented Schemes (by Mutal Funds and AIFs) SEBI 17 Credit quality ratings (CQRs) for Mutual Fund Schemes and Schemes of AIFs SEBI 18 Listed Security Re [Showing first 8,000 characters — download PDF for full document]