Credit Rating

SEC: 51/2026-27 Date: September 25, 2026 National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, 5th Floor, 1st Floor, New Trading Ring, Plot No. C/1, G Block, Rotunda Bldg., P. J. Towers, Bandra- Kurla Complex, Dalal Street, Fort, Bandra (East), Mumbai – 400 051 Mumbai 400 001 Symbol: PYRAMID Scrip Code: 543969 Through: NEAPS Through: BSE Listing Centre Dear Sir/Madam, Sub: Acuité Ratings affirms Pyramid Technoplast Limited’s Credit Rating. Re.: Intimation under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 This is to inform that the Company has received long-term rating and short-term rating from Acuite Ratings on September 25, 2026. The Credit Rating Letter is enclosed herewith. You are requested to take the same on your record. Thanking you, Yours faithfully, For Pyramid Technoplast Limited, Jaiprakash Agarwal Whole-time Director & CFO DIN: 01490093 Rating Letter - Intimation of Rating Action Scan this QR Code to verify authenticity of this rating Letter Issued on: September 25, 2026 Letter Expires on: November 10, 2027 Annual Fee valid till: November 10, 2027 PYRAMID TECHNOPLAST LIMITED (ERSTWHILE PYRAMID TECHNOPLAST PRIVATE LIMITED) 2nd Floor, Shah Trade Center, Rani Sati Marg, Malad East, Mumbai 400097, Maharashtra Kind Attn.: Mr. Bijay Kumar Agarwal, Director (Tel. No.9320074281) Sir, Sub.: Rating(s) Assigned and Reaffirmed - Bank Loans of PYRAMID TECHNOPLAST LIMITED (ERSTWHILE PYRAMID TECHNOPLAST PRIVATE LIMITED) Please note that the current rating(s) and outlook, instrument details, and latest rating action for the aforementioned instrument are as under: Quantum (Rs. Cr) Long Term Product Short Term Rating Regulated By (Other FSR) Rating ACUITE A- | Bank Loan Ratings 97.10 Stable | - RBI Assigned ACUITE A- | Bank Loan Ratings 77.40 Stable | - RBI Reaffirmed ACUITE A2+ | Bank Loan Ratings 22.50 - RBI Assigned ACUITE A2+ | Bank Loan Ratings 38.00 - RBI Reaffirmed Total Outstanding 235.00 - - - Quantum (Rs. Cr) Note: For activities or ratings of instruments falling under the purview of Financial Sector Regulators other than SEBI, the grievance / dispute redressal mechanisms and investor protection mechanisms provided by SEBI shall not be available. Acuité reserves the right to revise the rating(s), along with the outlook, at any time, on the basis of new information, or other circumstances which Acuité believes may have an impact on the rating (s). Such revisions, if any, would be appropriately disseminated by Acuité as required under prevailing SEBI guidelines and Acuité’s policies. This letter will expire on November 10, 2027 or on the day when Acuité takes the next rating action, whichever is earlier. It may be noted that the rating(s) is subject to change anytime even before the expiry date of this letter. Hence lenders / investors are advised to visit https://www.acuite.in/ OR scan the QR code given above to confirm the current outstanding rating(s). Acuité will re-issue this rating letter on November 11, 2027 subject to receipt of surveillance fee as applicable. If the rating(s) is reviewed before November 10, 2027, Acuité will issue a new rating letter. Please note that under extant SEBI regulations and as per the terms of the rating agreement, once a rating is accepted and outstanding, the issuer is required to promptly furnish the ’No Default Statement on the first working day of every month. Acuité Ratings & Research Limited SEBI Registered | RBI Accredited 708, Lodha Supremus, Lodha iThink Techno Campus, Kanjurmarg (East), Mumbai - 400042 | +919930708000 | www.acuite.in | CIN: U74999MH2005PLC155683 Yours truly, For Acuité Ratings & Research Limited Antony Jose Chief Rating Officer Annexures: A. Details of the Rated Instrument Rating Assigned Listing Regulated Amt. Lender's Name Facilities Scale (Outlook) | Rating status By (Rs. Cr) Action Long- ACUITE A- | Federal Bank Limited Cash Credit Unlisted RBI 5.70 term Stable | Reaffirmed Long- ACUITE A- | Federal Bank Limited Cash Credit Unlisted RBI 9.30 term Stable | Assigned Short- ACUITE A2+ | Federal Bank Limited Letter of Credit Unlisted RBI 11.00 term Reaffirmed Short- ACUITE A2+ | Federal Bank Limited Letter of Credit Unlisted RBI 14.00 term Assigned AXIS BANK Long- ACUITE A- | Cash Credit Unlisted RBI 13.00 LIMITED term Stable | Reaffirmed AXIS BANK Long- ACUITE A- | Cash Credit Unlisted RBI 15.00 LIMITED term Stable | Assigned Long- ACUITE A- | H D F C Bank Limited Cash Credit Unlisted RBI 35.00 term Stable | Reaffirmed Long- ACUITE A- | H D F C Bank Limited Cash Credit Unlisted RBI 15.00 term Stable | Assigned AXIS BANK Short- ACUITE A2+ | Letter of Credit Unlisted RBI 27.00 LIMITED term Reaffirmed AXIS BANK Short- ACUITE A2+ | Letter of Credit Unlisted RBI 5.00 LIMITED term Assigned H D F C Bank Long- ACUITE A- | Term Loan Unlisted RBI 23.70 Limited term Stable | Reaffirmed AXIS BANK Bank Guarantee Short- ACUITE A2+ | Unlisted RBI 3.50 LIMITED (BLR) term Assigned H D F C Bank Long- ACUITE A- | Term Loan Unlisted RBI 50.16 Limited term Stable | Assigned Federal Bank Long- ACUITE A- | Term Loan Unlisted RBI 7.64 Limited term Stable | Assigned Total Facilities 235.00 - Note: For activities or ratings of instruments falling under the purview of Financial Sector Regulators other than SEBI, the grievance / dispute redressal mechanisms and investor protection mechanisms provided by SEBI shall not be available. Acuité Ratings & Research Limited SEBI Registered | RBI Accredited 708, Lodha Supremus, Lodha iThink Techno Campus, Kanjurmarg (East), Mumbai - 400042 | +919930708000 | www.acuite.in | CIN: U74999MH2005PLC155683 List of instruments and names of regulators of the instruments As required by SEBI Circular (SEBI/HO/DDHS/DDHS-PoD-2/I/4685/2026) dated February 10, 2026, a list of activities or instruments falling under the purview of various Financial Sector Regulators (FSRs), along with the names of respective FSRs, is being disclosed below: A. Rating Activity Regulator of the Sr. No. Instrument / activity Name instrument Listed/Proposed to be listed Bonds/Debentures/Preference Shares (all 1 SEBI securities) Unlisted/Proposed to be unlisted Bonds/Debentures/ Preference share 2 MCA (all securities) Listed PTCs / Securitisation Notes (originated by entities regulated by RBI) 3 RBI Listed PTCs / Securitisation Notes (originated by entities not regulated by 4 SEBI RBI) ¹ Unlisted PTCs / Securitisation Notes (originated by entities regulated by 5 RBI RBI) ¹ Listed Commercial Paper and NCDs with original maturity less than 1 6 RBI year Unlisted Commercial Paper and NCDs with original maturity less than 1 7 RBI year 8 Loan Facilities (Fund/Non-Fund Based) from Bank / NBFCs/ NHB/ FIs ² 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 ⁷ + 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 ³ - 15 Issuer Ratings ⁴ - Credit Ratings for Capital Protection Oriented Schemes (by Mutal Funds 16 SEBI and AIFs) Credit quality ratings (CQRs) for Mutual Fund Schemes and Schemes of 17 SEBI AIFs 18 Listed Security Receipts ⁶ RBI 19 Unlisted Security Receipts RBI 20 Independent Credit Evaluation (ICE) RBI Expected Loss Ratings (For Loan Facilities (Fund/Non-Fund based) from 21 + Bank/NBFCs/NHB/Fis) ⁷ Expected Loss Ratings (Listed / Proposed to be listed Bonds / 22 SEBI Debentures / Preference Shares (all securities)) Expected Loss Ratings (Unlisted / Proposed to be unlisted Bonds/ 23 MCA Debentures / Preference Shares (all securities)) Investor-side Unlisted PTCs / Securitisation Notes (originated by entities not regulated 24 Regulator such as by RBI) ¹ IRDAI, PFRDA ⁵ Includes securitisation transactions involving assignee payout, acquirer's payout. ² Includes bank facilities suc [Showing first 8,000 characters — download PDF for full document]