Credit Rating

Five Star Export House Recognized by Government of India CIN No.: L74110UP2008PLC034977 Date: July 17, 2026 To, To, Dept. of Corporate Services-Listing Listing Department Department The National Stock Exchange of India Bombay Stock Exchange Limited Limited Exchange Plaza, Bandra Kurla Phiroze Jeejeebhoy Tower, Complex, Bandra, Mumbai – 400 051 Dalal Street, Mumbai – 400 001 Scrip Code: HMAAGRO Scrip Code: 543929 Subject: Intimation of Withdrawal of Credit Rating by CRISIL Ratings Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that CRISIL Ratings Limited, vide its letter dated 16th July, 2026, has withdrawn the credit rating assigned to the Company. The withdrawal has been effected pursuant to the request made by the Company to CRISIL Ratings Limited. Accordingly, the credit rating assigned by CRISIL Ratings Limited no longer remains outstanding with effect from the date of the said letter. A copy of the communication received from CRISIL Ratings Limited regarding the withdrawal of the credit rating is enclosed herewith for the information of the members and stakeholders. This disclosure is being made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kindly take the above information on record. Thanking you, Yours faithfully, For HMA Agro Industries Limited Nikhil Sundrani Company Secretary and Compliance Officer Registered Office: 18A/5/3, Taj View Crossing, Fatehabad Road, Agra-282001 U.P. (INDIA) E-Mail: cs@hmaagro.com, info@hmaagro.com Website: www.hmagroup.co, Mob.: +91-7302746431, +91-7217018161 CONFIDENTIAL RL/HMAISPL/400242/BLR/0726/153209 July 16, 2026 Mr. Gulzar Ahmad Chairman & Director HMA Agro Industries Limited 18-A/5/3, Tajview Crossing Fatehabad Road Agra Uttar Pradesh Agra - 282001 9897433169 Dear Mr. Gulzar Ahmad, Re: Withdrawal of Crisil Ratings on the bank facilities of HMA Agro Industries Limited All ratings assigned by Crisil Ratings are kept under continuous surveillance and review. This is in relation to your letter dated March 11, 2026 requesting Crisil Ratings to withdraw its outstanding rating on the captioned bank loan facilities. Crisil Ratings has, after due consideration, withdrawn the ratings assigned to the captioned bank loan facility. The details of these facilities are given below. Total Bank Loan Facilities Rated Rs.1250 Crore Long Term Rating Crisil BBB+/Stable (Rating Reaffirmed and Withdrawn) Short Term Rating Crisil A2 (Rating Reaffirmed and Withdrawn) (Bank-wise details as per Annexure 1) Crisil Ratings products / activities or ratings of instruments other than securities that are listed or proposed to be listed may fall under the purview of financial sector regulators (FSRs) other than SEBI. In respect of such products / activities or ratings (under the purview of other FSRs such as Reserve Bank of India (RBI), Ministry of Corporate Affairs (MCA), Insurance Regulatory and Development Authority of India (IRDAI), among others), the grievance / dispute redressal and investor protection mechanisms available under SEBI regulations shall not be applicable. A list of products/activities or ratings of instruments falling under the purview of various FSRs along with the names of respective FSRs has been duly disclosed by Crisil Ratings on its website. A link to the same has been provided below for ready reference: https://www.crisilratings.com/en/home/our-business/ratings/regulatory-disclosures/list-of-activities-instruments-and- names-of-regulators.html Should you require any clarification, please feel free to get in touch with us. With warm regards, Yours sincerely, Gaurav Arora Nivedita Shibu Associate Director - Crisil Ratings Director - Crisil Ratings Disclaimer: A rating by Crisil Ratings reflects Crisil Ratings’ current opinion on the likelihood of timely payment of the obligations under the rated instrument, and does not constitute an audit of the rated entity by Crisil Ratings. Our ratings are based on information provided by the issuer or obtained by Crisil Ratings from sources it considers reliable. Crisil Ratings does not guarantee the completeness or accuracy of the information on which the rating is based. A rating by Crisil Ratings is not a recommendation to buy / sell or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. Crisil Ratings has a practice of keeping all its ratings under surveillance and ratings are revised as and when circumstances so warrant. Crisil Ratings is not responsible for any errors and especially states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of its ratings. Crisil Ratings’ criteria are available without charge to the public on the web site, www.crisilratings.com. Crisil Ratings or its associates may have other commercial transactions with the company/entity. For the latest rating information on any instrument of any company rated by Crisil Ratings, please visit www.crisilratings.com or contact Customer Service Helpdesk at Crisilratingdesk@crisil.com or at 1800-267-3850 Annexure 1 - Bank-wise details of various facility classes (outstanding facilities) Amount (Rs. S.No. Bank Facility Bank Outstanding Rating in Crore) 1 Export Packing Credit HDFC Bank Limited 160 Withdrawn 2 Export Packing Credit YES Bank Limited 350 Withdrawn 3 Export Packing Credit State Bank of India 510 Withdrawn 4 Export Packing Credit Canara Bank 70 Withdrawn 5 Fund-Based Facilities State Bank of India 20 Withdrawn 6 Non-Fund Based Limit State Bank of India 19 Withdrawn Proposed Fund-Based Bank 7 -- 121 Withdrawn Limits Total 1250 Disclaimer: A rating by Crisil Ratings reflects Crisil Ratings’ current opinion on the likelihood of timely payment of the obligations under the rated instrument, and does not constitute an audit of the rated entity by Crisil Ratings. Our ratings are based on information provided by the issuer or obtained by Crisil Ratings from sources it considers reliable. Crisil Ratings does not guarantee the completeness or accuracy of the information on which the rating is based. A rating by Crisil Ratings is not a recommendation to buy / sell or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. Crisil Ratings has a practice of keeping all its ratings under surveillance and ratings are revised as and when circumstances so warrant. Crisil Ratings is not responsible for any errors and especially states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of its ratings. Crisil Ratings’ criteria are available without charge to the public on the web site, www.crisilratings.com. Crisil Ratings or its associates may have other commercial transactions with the company/entity. For the latest rating information on any instrument of any company rated by Crisil Ratings, please visit www.crisilratings.com or contact Customer Service Helpdesk at Crisilratingdesk@crisil.com or at 1800-267-3850 Annexure: List of instruments and names of regulators of the instruments As required by SEBI CRA Circular dated Feb 10, 2026, a list of activities or instruments falling under the purview of various FSRs, along with the names of respective FSRs, is being disclosed below: A. Rating activities Sr. No. Instrument / activity Name Regulator of the instruments 1 Listed/Proposed to be listed bonds/debentures/preference share (all securities) SEBI 2 Unlisted/Proposed to be unlisted Bonds/Debentures/ Preference share (all securities) MCA 3 Listed PTCs / Securitisation Notes (originated by entities regulated by RBI)* SEBI 4 Listed PTCs / Securitisation Notes (originated by entities not regulated by RBI)* SEBI 5 [Showing first 8,000 characters — download PDF for full document]