Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we wish to inform you that CARE Ratings Limited (Credit Rating Agency) has reaffirmed the ratings for the bank facilities of Birlasoft Limited.

September 24, 2026 BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, C/1, G Block, Dalal Street, Bandra - Kurla Complex, Bandra (E), Mumbai – 400001. Mumbai – 400051. Scrip ID: BSOFT Symbol: BSOFT Scrip Code: 532400 Series: EQ Kind Attn: The Manager, Kind Attn: The Manager, Department of Corporate Services Listing Department Subject: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 [“the SEBI (LODR) Regulations, 2015”] – Credit Rating Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we wish to inform you that CARE Ratings Limited (“Credit Rating Agency”) has reaffirmed the ratings for the bank facilities of Birlasoft Limited, as set out below – Facilities Amount (Rs. Crore) Rating Rating Action Long-term bank 307.00 CARE AA+; Stable Reaffirmed facilities Long-term/Short- 20.00 CARE AA+; Stable / Reaffirmed term bank facilities CARE A1+ Short-term bank 25.00 CARE A1+ Reaffirmed facilities The Press Release dated September 24, 2026, issued by the Credit Rating Agency is attached herewith. Kindly take the same on record. This intimation shall also be available on the website of the Company. Thanking you. Yours faithfully, For Birlasoft Limited Chandrasekar Thyagarajan Chief Financial Officer Press Release Birlasoft Limited September 24, 2026 Name of the Rating Facilities/Instruments Amount (₹ crore) Rating2 Regulator1 Action Long-term / Short-term bank CARE AA+; Stable / CARE RBI 20.00 Reaffirmed facilities A1+ Long-term bank facilities RBI 307.00 CARE AA+; Stable Reaffirmed Short-term bank facilities RBI 25.00 CARE A1+ Reaffirmed Details of instruments/facilities in Annexure-1. Rationale and key rating drivers CARE Ratings Limited (CareEdge Ratings) has reaffirmed ratings for bank facilities of Birlasoft Limited (Birlasoft) at ‘CARE AA+; Stable/ CARE A1+’. Ratings reaffirmation continues to derive strength from Birlasoft’s established business position in the Indian information technology (IT) services industry characterised by well-diversified business operations across service lines and end- user segments. Ratings are further supported by Birlasoft being part of the well-established and diversified CKA Birla Group and its strategic importance within the group, which imparts financial flexibility. Birlasoft’s financial risk profile continues to remain strong as characterised by healthy capital structure, robust debt coverage position, and strong liquidity position, characterised by available free liquidity of ₹2,878.6 crore as on June 30, 2026, and negligible term debt. In FY26, Birlasoft’s total operating income (TOI) witnessed a de-growth of 1.2% year-on-year (YoY) in INR terms and de-growth of 6.5% in USD terms (US$597.5 million in FY26 against US$635.4 million in FY25), owing to a softened demand environment in the Indian IT services industry, emanating from macroeconomic headwinds resulting in lower discretionary spending and longer decision cycles from clients. However, the growth momentum improved in Q1FY27, with TOI improving by 7.4% YoY in INR terms as growth in the banking, financial services, and insurance (BFSI) and lifesciences verticals offset the slowdown witnessed in the manufacturing segment. company has consistently maintained a healthy order book pipeline, as marked by total contract value (TCV) of US$658 million as on March 31, 2026, and US$169 million as on June 30, 2026, which provides healthy revenue visibility for the near-to-medium term. Birlasoft continues to invest in artificial intelligence (AI)-based solutions, and winning AI-led engagements with its customers. However, growth for the company is expected to remain modest over the near term as demand revival may take several quarters across industry. The company exited low margin deals in FY26, which along with higher cost efficiency and currency movement benefits led to profit before interest, lease rentals, depreciation and taxation (PBILDT) margins improving from 12.76% in FY25 to 15.09% in FY26, and further to 16.15% in Q1FY27. Going forward, CareEdge Ratings expects the company’s PBILDT margins to remain stable at ~15% over the near-to-medium term. Birlasoft’s ability to convert its stronger pipeline, larger sales force, and AI-led opportunities into sustained revenue growth while sustaining profit margins, will remain monitorable. However, ratings are partially offset by Birlasoft’s presence in a highly competitive IT services industry with many prominent players limiting its pricing flexibility given the relative moderate scale of operations. Operations are also geographically concentrated in the US (83% and 86% of revenue share in Q1FY27 and FY26, respectively) while being exposed to foreign exchange fluctuation risk, client concentration risk, employee attrition risk, and changes in policies/ macro environment across key operating markets, including America and Europe among others. Rating sensitivities: Factors likely to lead to rating actions Positive factors • Significant improvement in scale of operations and geographical diversification, and ability to enhance operating profitability margins to 20% or more on a sustained basis. Negative factors • Incremental sizeable debt-funded acquisition that moderates capital structure, leading to net debt/PBILDT of over 1x on a sustained basis. 1SEBI: Securities and Exchange Board of India; RBI: Reserve Bank of India; MCA: Ministry of Corporate Affairs; IRDAI: Insurance Regulatory and Development Authority of India; PFRDA: Pension Fund Regulatory and Development Authority 2Complete definitions of the ratings assigned are available at www.careratings.com and in other CARE Ratings Limited’s publications. 1 CARE Ratings Ltd. Press Release • Slowdown in key verticals resulting in significant pressure on income and PBILDT margin falling below 12% on a sustained basis. • Major regulatory challenges impacting operations. Analytical approach: Consolidated CareEdge Ratings has taken a consolidated approach for Birlasoft and its subsidiaries, as all entities operate in the same line of business, under common management and have strong financial and operational linkages. Foreign subsidiaries contribute significantly to Birlasoft’s TOI. Consolidated subsidiaries are mentioned in Annexure-5. Outlook: Stable ‘Stable’ outlook reflects CareEdge Ratings’ expectation that Birlasoft’s financial risk profile will remain strong over the near-to- medium term, supported by steady internal accrual generation, comfortable capital structure and strong liquidity position, despite a modest growth momentum expected in the IT services industry. Detailed description of key rating drivers Key strengths Strong parentage being part of the well-established and diversified CKA Birla group Birlasoft is a part of the well-established and diversified CKA Birla Group, a multinational conglomerate operating in four major industry clusters, namely technology, automotives, home & building, and healthcare, with over 35,000 employees and 50 manufacturing facilities across five continents. Birlasoft derives financial flexibility and benefits from the strong management lineage of the group. It is promoted by National Engineering Industries Limited (holding 38.53% stake in Birlasoft as on June 30, 2026; rated ‘CARE AA-; Stable/CARE A1+’), a pioneer in bearing manufacturing in India. The company is led by Amita Birla, Chairman, and a team of qualified professionals. Birlasoft is being led by Angan Guha, Chief Executive Officer and Managing Director, since December 2022, who has over 30 years of experience in the IT services industry. Being a strategic business vertical and carrying significant market valuation of over ₹7,955 crore (as on September 17, 2026), Birlasoft holds a pivotal position in the group. Well-diversified operations across service offerings and industry verticals Birlasoft offers a [Showing first 8,000 characters — download PDF for full document]