In terms of Regulation 30 of SEBI Listing Regulations, we are pleased to inform you that CARE Ratings Limited has reaffirmed the credit rating assigned to Long term and Short term bank facilities of the Company.

September 25, 2026 The Manager (Listing - CRD) The Manager (Listing Department) BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Tower, Exchange Plaza, C-1, Block G, Dalal Street, Fort, Bandra Kurla Complex, Bandra (East), Mumbai - 400 001. Mumbai - 400 051. Scrip Code: 533151 SYMBOL: DBCORP ISIN: INE950I01011 Sub.: Intimation of Credit Rating Ref.: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’) read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 Dear Sir/Madam, In terms of Regulation 30 of the SEBI Listing Regulations, we are pleased to inform you that CARE Ratings Limited (‘CARE’) has reaffirmed the credit rating assigned to the Long term and Short term bank facilities of the Company. The details are as under: Facilities Amount Rating and Outlook Rating (Rs. in Crore) Action Long-term/ Short-term bank 126.00 CARE AA+; Stable / CARE A1+ Reaffirmed facilities (Double A Plus; Outlook: Stable/A One Plus) Long-term bank facilities 148.25 CARE AA+; Stable Reaffirmed (Double A Plus; Outlook: Stable) The Rating Report was received by the Company on September 25, 2026 at 11:30 a.m., via email and the same is enclosed herewith. The said intimation is also being made available on the Company’s website at https://dbcorpltd.com/Investors.php. This is for your information and records. Thanking you, For D.B. Corp Limited Om Prakash Pandey Company Secretary & Compliance Officer Membership Number: F7555 Encl.: as above Rating Report l September 2026 DB Corp Limited Name of the Rating Facilities/Instruments Amount (₹ crore) Rating2 Regulator1 Action Long-term / Short-term bank CARE AA+; Stable / RBI 126.00 Reaffirmed facilities CARE A1+ Long-term bank facilities RBI 148.25 CARE AA+; Stable Reaffirmed Details of instruments/facilities in Annexure-1. Rationale and key rating drivers Reaffirmation of ratings assigned to bank facilities of DB Corp Limited (DBCL) continues to derive strength from its market leadership position in the Hindi print media industry under its flagship brand, Dainik Bhaskar (DB), one of the most widely read and circulated newspaper brands in India. Ratings also factor in the company's robust financial risk profile, characterised by low debt levels, strong debt coverage indicators, and a healthy liquidity position supported by sizeable cash and liquid investments. Ratings further draw comfort from the extensive experience of the promoters and management team and DBCL's established presence across the print, radio, and digital media segments. DBCL maintained a stable operating performance in FY26, with total operating income (TOI) of ₹2,356 crore against ₹2,339 crore in FY25, with advertisement revenue remaining largely stable at ₹1,692 crore and circulation revenue at ₹475 crore. However, profitability moderated, with the profit before interest, lease rentals, depreciation and tax (PBILDT) margin declining to 20.8% from 23.4% in FY25, owing to the absence of election-related advertising revenues and the consequent change in the advertisement revenue mix during the year. The company's financial risk profile remained strong, supported by low leverage, healthy debt protection metrics, and cash and liquid investments of ₹1,177 crore as on March 31, 2026. CARE Ratings Limited (CareEdge Ratings) expects the company to maintain healthy profitability aided by its market leadership position and stable newsprint prices in the short-to-medium term. However, these rating strengths are offset by profitability margins susceptible to newsprint price fluctuations, stretched debtors' position, foreign exchange fluctuations, and economic cycles affecting advertisement revenues. Ratings also factor in the structural challenges faced by the print media industry amid increasing digital media penetration and evolving consumer preferences. Rating sensitivities: Factors likely to lead to rating actions Positive factors • Improvement in circulation and advertisement revenue and diversifying revenue streams from digital media platform leading to substantial increase in market share/readership. • Improvement in PBILDT margin while maintaining return on capital employed (ROCE) above 30% on a sustained basis. Negative factors • The PBILDT margin declining below 13% on a sustained basis. • Debtor cycle stretching beyond 120 days on a sustained basis, impacting its liquidity. • Substantial decline in the market share/readership resulting in sustained decline in its TOI. Analytical approach: Consolidated CareEdge Ratings has considered consolidated financials of DBCL and its subsidiaries, as subsidiaries are in a similar business. However, the scale of operations in these subsidiaries is negligible. Consolidated entities are listed in Annexure-5. Outlook: Stable The stable outlook reflects the expectation that the company’s market leadership, strong cash generation, healthy cash balances, and low debt levels will continue to support its strong business and financial profile over the medium term. 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. Rating Report l September 2026 Detailed description of key rating drivers Strong brand presence DBCL continues to maintain a strong business profile, supported by its leadership in the print media segment and growing digital presence. As on March 31, 2026, DBCL operates 51 printing centres equipped with 78 state-of-the- art machines and an installed capacity of ~3.2 million copies per hour. The company has a readership base of ~6.63 crore across 14 states in northern, western, and central India. Per the Audit Bureau of Circulation (ABC) survey for CY25, the DB Group remains the largest circulated newspaper group in India, with DB ranked #1 in overall and Hindi-language circulation. DBCL has also emerged as the fastest-growing news app in India, per ComScore trends. As of May 2026, the company reported ~19 million monthly active users across its digital platforms, with the DB app alone accounting for 15.6 million users. The company continues to invest in digital innovation, including mobile-native video content and targeted expansion in Tier-II and Tier-III markets, such as Uttar Pradesh. These efforts are aimed at enhancing user engagement and retention, while also exploring monetisation strategies to mitigate risks associated with advertisement revenue volatility and competition from alternate media formats, including TV, OTT, and mobile platforms. Resilient operating performance DBCL's operating performance remained largely stable in FY26, with total sales of ₹2,356 crore against ₹2,339 crore in FY25. Advertisement revenue, which continues to be the key revenue contributor, remained largely same at ₹1,692 crore in FY26 compared to ₹1,690 crore in FY25. The muted revenue growth in FY26 was on a high base, as FY25 benefited from election-related advertising spends. The company indicated that, excluding the election-related impact, its print advertising business registered 6.3% growth in FY26. The company's print segment revenues remained supported by healthy advertising demand across sectors, such as education, real estate, healthcare, automobile, and government. Circulation revenue remained stable at ₹475 crore in FY26 against ₹473 crore in FY25. Average sales realisation per copy improved marginally to ₹3.16 in FY26 from ₹3.15 in FY25. Despite the moderation in circulation volumes, the company continued to maintain its strong readership position across its key markets, supporting the stability of circulation revenues. The radio segment reported r [Showing first 8,000 characters — download PDF for full document]