BSECompany Update22h ago · 24 Sept 2026, 08:05 pm

Intimation of Credit Rating under Regulation 30 of SEBI (LODR) Regulations 2015

Gravita India Ltd · 533282

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Gravita India Ltd has informed about the credit rating assigned by ICRA Limited to its subsidiary Rashtriya Metal Industries Limited under Regulation 30 of SEBI (LODR) Regulations 2015.

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Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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Gravita India Ltd - 533282 - Announcement under Regulation 30 (LODR)-Credit Rating

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GRAVITA INDIA LTD. Corp. Office: Gravita Tower, A-27 B, Shanti Path, Tilak Nagar, JAIPUR- 302004, Rajasthan (INDIA) Phone: +91-141-4057700/800 Web: www.gravitaindia.com CIN: - L29308RJ1992PLC006870 24th September, 2026 GIL/2026-27/91 The BSE Limited The Listing Department Phiroze Jeejeebhoy Towers The National Stock Exchange of India Ltd. Dalal Street Exchange Plaza, C-1, Block G, Mumbai- 400 001 Bandra- Kurla Complex Fax No.: 022- 22721919 Bandra(east), Mumbai- 400 051 Scrip Code- 533282 Fax No.: 022-2659 8120 Company Code- GRAVITA Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that ICRA Limited, the credit rating agency, has assigned credit rating to the Rashtriya Metal Industries Limited, a Material Subsidiary of the Company as detailed below: Name of Credit Instrument Type Amount Rating Action Company Rating (Rs. Cr.) Agency Long-term – Fund-based – Working 352.00 [ICRA]AA(Stable); Assigned Capital Limits Rashtriya Long-term – Fund-based – Unallocated 98.00 [ICRA]AA(Stable); Assigned Metal ICRA Limits Industries Limited Short-term – Non-fund based - Others 108.00 [ICRA]A1+; Assigned Limited Short-term – Non-fund based – 42.00 [ICRA]A1+; Assigned Unallocated limits Short-term – Interchangeable limits – Non- (352.00) [ICRA]A1+; Assigned Fund based We are enclosing herewith copy of rating letter dated 24.09.2026 as received from ICRA Limited. This is for your information and record. Yours Faithfully For Gravita India Limited Nitin Gupta (Company Secretary) FCS: 9984 Encl.: As above Regd. Office : ‘SAURABH’, C hittora Road, Diggi-Malpura Road Tehsil: Phagi, JAIPUR- 303 904, Raj. (INDIA) Phone: +91-9928070682 Email: companysecretary@gravitaindia.com ICRA Limited ICRA/Rashtriya Metal Industries Limited/24092026/1 Date: September 24, 2026 Ms. Karvi Agrawal Managing Director Rashtriya Metal Industries Limited 308–312, Meadows, Sir M.V. Rd, Sahar Plaza Complex, J.B.Nagar, Andheri (E), Mumbai, Maharashtra, India - 400059. Dear Ma’am, Re: ICRA's Credit Rating for below mentioned Instruments of Rashtriya Metal Industries 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. Instrument Rated Amount (Rs. Rating Action[1] Financial Sector Crore) Regulator# Long-term - Fund-based - Working Capital Limits 352.00 [ICRA]AA(Stable); Assigned RBI Long-term - Fund-based - Unallocated limits 98.00 [ICRA]AA(Stable); Assigned RBI Short-term - Non-fund based - Others 108.00 [ICRA]A1+; Assigned RBI Short-term - Non-fund based - Unallocated limits 42.00 [ICRA]A1+; Assigned RBI Short-term - Interchangeable limits - Non-Fund (352.00) [ICRA]A1+; Assigned RBI based Total 600.00 #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. [1]Complete definitions of the ratings assigned are available at www.icra.in. Sensitivity Label : Restricted 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 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 Mr. Ankit Jain Vice President and Co-Group Head ankit.jain@icraindia.com Sensitivity Label : Restricted Annexure Details of Bank Limits Rated by ICRA Instrument Name Amount (Rs. Crore) Rating Rating Assigned On Axis Bank Limited Working Capital Facilities 82.00 [ICRA]AA(Stable) September 21, 2026 HDFC Bank Limited Working Capital Facilities 85.00 [ICRA]AA(Stable) September 21, 2026 Kotak Mahindra Bank Limited Working Capital Facilities 40.00 [ICRA]AA(Stable) September 21, 2026 RBL Bank Limited Working Capital Facilities 75.00 [ICRA]AA(Stable) September 21, 2026 Federal Bank Limited Working Capital Facilities 70.00 [ICRA]AA(Stable) September 21, 2026 Not Applicable Unallocated Limits 98.00 [ICRA]AA(Stable) September 21, 2026 Axis Bank Limited Non Fund-Based Facilities 58.00 [ICRA]A1+ September 21, 2026 Kotak Mahindra Bank Limited Non Fund-Based Facilities 20.00 [ICRA]A1+ September 21, 2026 Federal Bank Limited Non Fund-Based Facilities 30.00 [ICRA]A1+ September 21, 2026 Not Applicable Unallocated Limits 42.00 [ICRA]A1+ September 21, 2026 Axis Bank Limited Interchangeable Limits (82.00) [ICRA]A1+ September 21, 2026 HDFC Bank Limited Interchangeable Limits (85.00) [ICRA]A1+ September 21, 2026 Kotak Mahindra Bank Limited Interchangeable Limits (40.00) [ICRA]A1+ September 21, 2026 RBL Bank Limited Interchangeable Limits (75.00) [ICRA]A1+ September 21, 2026 Federal Bank Limited Interchangeable Limits (70.00) [ICRA]A1+ September 21, 2026 Total 600.00 Sensitivity Label : Restricted