Credit Rating

23rd September, 2026 To, To, National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, 21st Floor, Dalal Street, Bandra (East), Mumbai – 400051. Mumbai – 400001. NSE Symbol: SBFC BSE Equity Scrip Code: 543959 Dear Sir/Madam, Sub: Disclosure of Credit Rating under Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to the aforementioned regulations, please find below the details of the credit rating(s) provided by CARE Ratings Limited: A. Re-affirmation of the credit rating of the Company’s bank facilities with revision in the outlook from stable to positive, the details of the same is mentioned below: Credit Rating Instrument Rated Amount Credit Rating Rating Action Agency (INR in crore) 6,000.00 Reaffirmed; CARE Ratings Long Term Bank (Enhanced from CARE AA-; Positive Outlook revised Limited Facilities 2,500.00) from Stable B. Re-affirmation of the credit rating of the Company’s commercial paper, the details of the same is mentioned below: Credit Rating Instrument Rated Amount Credit Rating Rating Action Agency (INR in crore) CARE Ratings Commercial Paper 200.00 CARE A1+ Reaffirmed Limited C. Re-affirmation of the credit rating of Company’s non-convertible debentures with revision in the outlook from stable to positive, the details of the same are mentioned below: Details of credit rating Current rating details ISIN INE423Y07120 Amount (₹ crore) 4 00.00 crore Name of the Credit Rating Agency CARE Ratings Limited Credit Rating Assigned CARE AA-; Positive (Double A Minus; Outlook: Positive) Outlook (Stable/ Positive/ Negative/ No Outlook) Positive Rating Action (New/ Upgrade/ Downgrade/ Re- Reaffirmed Affirm/ Other) Specify other rating action - SBFC Finance Limited Registered Office: Unit No. 103, 1st Floor, C&B Square, Sangam Complex, Andheri Kurla Road, Village Chakala, Andheri (East) Mumbai - 400 059 T.: +91-22-67875300 • F : +91-22-67875334 • www.SBFC.com • complianceofficer@sbfc.com CIN No: L67190MH2008PLC178270 Date of Credit rating 22nd September, 2026 Verification status of Credit Rating Agencies Verified Date of verification 27th January, 2026 The rating letters provided by CARE Rating Limited was received by the Company on 22nd September, 2026 at 7.10 PM (IST) which has been enclosed herewith. This information is also being uploaded on the website of the Company at: https://www.sbfc.com/investors. You are requested to take the same on record. Thanking you, Yours faithfully, For SBFC Finance Limited Sanket Agrawal Chief Financial Officer Encl: a/a SBFC Finance Limited Registered Office: Unit No. 103, 1st Floor, C&B Square, Sangam Complex, Andheri Kurla Road, Village Chakala, Andheri (East) Mumbai - 400 059 T.: +91-22-67875300 • F : +91-22-67875334 • www.SBFC.com • complianceofficer@sbfc.com CIN No: L67190MH2008PLC178270 No. CARE/HO/RL/2026-27/2830 Shri Sanket Agrawal Chief Financial Officer SBFC Finance Limited 12th Floor, Unit 103, CTS - 95A, C&B Square, Sangam Complex 127 Kurla Andheri Road, Marol Naka, Andheri (East) Mumbai Maharashtra 400059 September 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) and Q1FY27 (Unaudited), our Rating Committee has reviewed the following ratings: Amount Facilities Rating1 Rating Action (₹ crore) 6,000.00 Long Term Bank Reaffirmed; Outlook (Enhanced from CARE AA-; Positive Facilities revised from Stable 2,500.00) 2. Refer Annexure 1 for details of rated facilities. 3. The rating report for the rating will be communicated to you separately. A write-up (press release) on the above rating is proposed to be issued to the press shortly, a draft of which will be shared separately. We request you to peruse the document and offer your comments if any. We are doing this as a matter of courtesy to our clients and with a view to ensure that no factual inaccuracies have inadvertently crept in. Kindly revert as early as possible. In any case, if we do not hear from you by September 29, 2026, we will proceed on the basis that you have no any comments to offer. 1Complete definitions of the ratings assigned are available at www.careratings.com and in other CARE Ratings Ltd.’s publications. CARE Ratings Limited 4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (East), Mumbai Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 Page 1 of 4 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. 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, Yashika Goyal Yogesh Rochani Analyst Assistant Director yashika.goyal@careedge.in yogesh.rochani@careedge.in Encl.: As above CARE Ratings Limited 4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (East), Mumbai Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 Page 2 of 4 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 [Showing first 8,000 characters — download PDF for full document]