Credit Rating

flNI T$ A G l-t 0 ffll Agro Industries Limited PIot No. : [ND-5' Sector -l East Kolkata Township, Kolkata - 700 l0? Phone: 033-J9849675 Website : wrvw.ilbagro.in E-mail : complianceilbagro(@ifbglobal.conr CIN : L01409W81982PLC034590 24tt' September,2026 The Manager, The Secretary, National Stock Exchange of India Ltd. BSE Limited. Listing Department Phiroze eejebhoy Towers, Exchange Plaza, 5th floor Dalal Street, Plot No. C/I,G. Block Mumbai-400001 Bandra Kurla Complex, Bandra [E) Scrip Code: 507438 Mumbai - 400 051 Symbol:IFBAGRO Dear Sir, Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations & Disclosure Reouirementsl. 2015. Reft- Information on Credit Rating Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,20IS, we are pleased to inform that India Ratings and Research [A Fitch Group Company) has assigned/affirmed IFB Agro Industries Limited's existing rating at 'lND A+/Stable/lND A1+',. A copy of the report issued by India Ratings and Research [A Fitch Group Company) is enclosed. This is for your kind information and records. Thanking you, Yours faithfully FoT IFB AGRO INDUSTRIES LIMITED Kuntal Roy COMPANY SECRETARY (Encl: As above) FitchCroup IndiaRatinss & Research" A Fitch Group Company Mr. Rahul Choudhary IFB Agro Industries Limited Plot No IND-5, Sector - l, East Kolkata Township, Kolkata- 700107 September 24,2026 Dear Sir/llIadarq Re: Rattug Letter for BLR of IFB Agro Industries Limited India Ratings and Research (Ind-Ra) has taken the following rating actions on IFB Agro Indushies Limited's (IFB Agro) bank loan facilities: Instrument Type Regulator of Date oflssuance Coupon Maturity Size of Rating Rating Instrument Rate Date Issue (INR Assigned with Action million) OutlookAilatch Bank loan facilities RBI 1050 IND Assigned A+/Stable/IND Bank loan facilities RBI 1 150 IND Affirmed A+/Stable/IND In issuing and maintaining its ratings, India Ratings relies on facnral information it receives from issuers and rmderwriters and from other sources India Ratings believes to be credible. India Ratings conducts a reasonable investigtion of the factual information relied upon by it in accordance with its ratings methodology, and obtains reasonable verification of that information from independent sources, to the extent such sources are available for a given security. The manner of India Ratings factual investigation and the scope of the third-party veriftcation it obtains will vary depending on the natwe of the rated security and its issuer, the requirements and practices in India where the rated security is offered and sold, the availability and nah.pe of relevant public information, access to the management of the issuer and its advisers, the availability of pre-existing third-party verifications such as audit reports, agreed-upon procedures letters, appraisals, actuarial reports, engineering reports, legal opinions and other reports provided by third parties, the availability of independent and conpetent third-party verification sowces with respect to the particular security or in the particular jurisdiction of the issuer, and a variety of other factors. Users of India Ratings ratings should understand that neither an enhanced factual investigation nor any third-party verification can ensure that all of the information India Ratings retes on in connection with a rating will be accurate and complete. Ultimately, the issuer and its advisers are responsible for the accwacy of the information they provide to India Ratings and to the market in offering documents and other reports. In issuing its ratings India Ratings must rely on the work of experts, including independent auditors with respect to financial statements and attorneys with respect to legal and tax matters. Further, ratings are inherently forwardJooking and embody assunptions and predictions about future events that by their nahre cannot be verified as facts. As a result, despite any verification of current facts, ratings can be affected by futwe events or conditions that were not anticipated at the time a rating was issued or affirmed India Ratings seeks to continuowly mprove its ratings criteria and methodologies, and periodically updates the descriptions on its website of its criteria and methodologtes for securities of a given type. The criteria and methodologl used to determine a rating action are those in effect at the time the rating action is taken, which for public ratings is the date of the related rating action conrnentary. Each rating action comrnentary provides information about the criteria and methodology used to arrive at the stated rating, which may differ from the general criteria and methodolory for the applicable security type posted on the website at a given time. For this reason, you should always consult the applicable rating action comrnentary for the most accurate information on the basis of any given public rating. Ratings are based on established criteria and methodologies that India Ratings is continuousty evaluating and updatng. Therefore, ratings are the collective work product of India Ratings and no individual or group of individuals, is solety responsible for a rating. All India Ratings reports have shared authorship. Individuals identihed in an India Ratings report were invohed in, but are not sole$ responsible for' the opinions stated therein. The individuals are named for contact purposes onh. India Ratings & Research Private Limited A Fitch Group Company WockhardtTower, Level4, west wing, Bardra Kurla complu, Bandra (El Mumbai - 400051 Tel:+9122 4000 17m I Fax:+9122 rn00 1701 | CIN/ILP|H:U67100MH1995FTC140O,I9 | www.indiaratinps.co.in FitchCroup IndiaRatinss 6c Research" A Fitch Group Company Ratings are not a recommendation or suggestion, directly or indirectly, to you or any other person, to buy, se[ make or hold any investment, loan or security or to undertake any investment stratery with respect to any investment, loan or security or any issuer. Ratings do not cornrnent on the adequacy of market price, the suitability of any investment, loan or security for a particular investor (including without limitatiorL any accounting and/or regulatory treatment), or the lax-exempt nahre or taxability of payments made in respect of any investment, loan or security. India Ratings is not your advisoq nor is India Ratings providing to you or any other party any ftnancial advice, or any legal, auditing, accounting, appraisal valuation or actuarial services. A rating should not be viewed as a replacement for such advice or services. Investors may find India Ratings ratings to be important informatioq and India Ratings notes that you are responsible for comnnrnicating the contents of this letter, and any changes with respect to the rating, to investors. It will be important that you promptly provide us with all information that may be material to the ratings so that ow ratings continue to be appropriate. Ratings may be raised, lowered, withdrawn, or placed on Rating Watch due to changes in, additions to, accuracy of or the inadequacy of information or for any other reason India Ratings deems sufficient. Nothing in this letter is intended to or should be construed as creating a lrduciary relationship between India Ratings and you or between India Ratings and any user of the ratings. In this letter, "India Ratings" means India Ratings & Research Pvt. Ltd. and any successor in interest. We are pleased to have had the opportunity to be of service to you. If we can be of further assistance, please email us at ffigrp@indiaratings. co. in Sincerely, Nishith Sanghvi Director lFBAgroIndus tries Limited 24-Septenbw-2026 FitchCroup IndiaRatinss &Research" A Fitch Group Company Annexure: Facilities Regulator of Outstanding/Rate d Amount(INR Instrument DescriPtion Instrument Bank Name Ratings million) Fund Based Limit (Cash RBI HDFC Bank Limited IND A+/SIAbIC/IND 500.00 Credit) Fund Based Working Capital RBI Axis Ban [Showing first 8,000 characters — download PDF for full document]