Credit Rating

K u antum Papers ltd 17.07.2026 BSE Limited N a t i o n a l S tock Exchange of India Limited Phiroze Jeejeebhoy Towers E x c h a n g e Plaza Dalal Street P lo t N o . C /1, G Block, Mumbai 400 001 B a n d r a - K urla Complex, Bandra (East) Scrip Code: 532937 Mumbai 400 051 Scrip ID: KUANTUM T r a d i ng Symbol: KUANTUM Sub: Intimation of Credit Rating for Fixed Deposit (FD) programme rated by CareEdge Ratings under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir / Madam, Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform CARE Ratings Limited (CareEdge Ratings) has, vide its letter dated 16.07.2026, rated Fixed Deposits of Rs. 33.22 crores, which is already under notice of withdrawal for one year, as under: Amount Sr. Instrument (₹ crore) Rating Rating No. Action Downgraded from CARE A; 1. Fixed Deposit 33.22 CARE A-; Stable Stable and continues to be on notice of withdrawal for one year Copy of the Letter of CARE Ratings Limited is attached herewith for your information and records. Kindly take note of the same. Thanking You, Yours Faithfully For Kuantum Papers Limited Gurinder Singh Makkar Company Secretary and Compliance Officer M.No.: F5124 © kuantumpapers.com S kuantumcorp@kuantumpapers.com S kuantummill@kuantumpapers.com Corp Office WlA FF Tower A Godrej Eternia Plot 70 lndl Area 1 Chandigarh 160 002 Ph -0172 5172737 Regd Office & Works Saila Khurd 144 529 Dist! Hoshiarpur Punjab CIN -L21012PB1997PLC035243 GST -04AADCA2231K2Z4 PAN -AADCA2231K CareEdge RATINGS No. CARE/NRO/RL/2026-27/1714 Shri Vikram Kumar Khaitan Chief Finance Officer Kuantum Papers Limited Village- Saila Khurd Tehsil- Garhshankar Hoshiarpur Punjab 144529 July 16, 2026 Confidential Dear Sir, Credit rating for Fixed Deposit (FD) programme On the basis of recent developments including operational and financial performance of your Company for FY26 (abridged), our Rating Committee has reviewed the following ratings: Amount Sr. No. Instrument Rating1 Rating Action (₹ crore) Downgraded from CARE A; Stable and 1. Fixed Deposit 33.22 CARE A-; Stable continues to be on notice of withdrawal for one year Note: Out of the above Rs.33.22 crore was outstanding as on September 30, 2024 2. The FD Programme is for a tenure of <3 months to 36 months>. 3. Please arrange to get the rating revalidated, in case the entire rated amount is not placed within six months from the date of this letter. 4. In case there is any change in the size or terms of the proposed FD programme, please get the rating revalidated. 5. Kindly arrange to submit us a copy of each of the documents pertaining to the FD programme. 6. To enable CARE Ratings Ltd. to monitor the rating with reference to the amount of FD mobilised, you may please inform CARE Ratings Ltd. when the level of deposit reaches the amount specified. 1Complete definitions of the ratings assigned are available at www.careratings.com and in other CARE Ratings Ltd.’s publications. CARE Ratings Limited Plot no. C-001 A/2 Sector 16B, Berger Tower, Gautam Corporate Office :4th Floor, Godrej Coliseum, Budh Nagar, Noida, (UP) - 201301 Somaiya Hospital Road, Off Eastern Express Phone: +91-120-4452000 Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 Page 1 of 3 7. The rating report for the rating will be communicated to you separately. A write-up (press release) on the above rating is proposed to be issued to the press shortly, a draft of which is enclosed for your perusal as Annexure 2. We request you to peruse the annexed document and offer your comments if any. We are doing this as a matter of courtesy to our clients and with a view to ensure that no factual inaccuracies have inadvertently crept in. Kindly revert as early as possible. In any case, if we do not hear from you by July 17, 2024, we will proceed on the basis that you have no any comments to offer. 8. CARE Ratings Ltd. reserves the right to undertake a surveillance/review of the rating from time to time, based on circumstances warranting such review, subject to at least one such review/surveillance every year. 9. CARE Ratings Ltd. reserves the right to revise/reaffirm/withdraw the rating assigned as also revise the outlook, as a result of periodic review/surveillance, based on any event or information which in the opinion of CARE Ratings Ltd. warrants such an action. In the event of failure on the part of the entity to furnish such information, material or clarifications as may be required by CARE Ratings Ltd. so as to enable it to carry out continuous monitoring of the rating of the bank facilities, CARE Ratings Ltd. shall carry out the review on the basis of best available information throughout the life time of such bank facilities. In such cases the credit rating symbol shall be accompanied by “ISSUER NOT COOPERATING”. CARE Ratings Ltd. shall also be entitled to publicize/disseminate all the afore-mentioned rating actions in any manner considered appropriate by it, without reference to you. 10. Our ratings do not factor in any rating related trigger clauses as per the terms of the facility/instrument, which may involve acceleration of payments in case of rating downgrades. However, if any such clauses are introduced and if triggered, the ratings may see volatility and sharp downgrades. 11. Users of this rating may kindly refer our website www.careratings.com for latest update on the outstanding rating. 12. Our ratings are not recommendations to buy, sell, or hold any securities. If you need any clarification, you are welcome to approach us in this regard. Thanking you, Yours faithfully, CARE Ratings Limited Plot no. C-001 A/2 Sector 16B, Berger Tower, Gautam Corporate Office :4th Floor, Godrej Coliseum, Budh Nagar, Noida, (UP) - 201301 Somaiya Hospital Road, Off Eastern Express Phone: +91-120-4452000 Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 Page 2 of 3 Tripti Garg Akanksha Dutta Lead Analyst Assistant Director tripti.garg@careedge.in akanksha.dutta@careedge.in Encl.: As above Disclaimer This disclaimer pertains to the ratings issued and content published by CARE Ratings Limited (“CareEdge Ratings”). Ratings are opinions on the likelihood of timely payment of the obligations under the rated instrument and are not recommendations to sanction, renew, disburse, or recall the concerned bank facilities or to buy, sell, or hold any security. Any opinions expressed herein are in good faith and are subject to change without notice. The rating reflects the opinions as on the date of the rating. A rating does not convey suitability or price for the investor. The rating agency does not conduct an audit on the rated entity or an independent verification of any information it receives and/or relies on for the rating exercise. CareEdge Ratings has based its ratings/outlook on the information obtained from reliable and credible sources. CareEdge Ratings does not, however, guarantee the accuracy, adequacy, or completeness of any information and is not responsible for any errors or omissions and the results obtained from the use of such information. The users of the rating should rely on their own judgment and may take professional advice while using the rating in any way. CareEdge Ratings shall not be liable for any losses that user may incur or any financial liability whatsoever to the user of the rating. The use or access of the rating does not create a client relationship between CareEdge Ratings and the user. CAREEDGE RATINGS DISCLAIMS WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR OTHER WARRANTIES OR CONDITIONS, TO THE EXTENT PERMITTED BY APPLICABLE LAWS, INCLUDING WARRANTIES OF MERCHANTABILITY, ACCURACY, COMPLETENESS, ERROR-FREE, NON- INFRINGEMENT, NON-INTERRUPTION, SATISFACTORY QUALITY, FITNESS FOR A PARTICULAR PURPOSE OR INTENDED USAGE. Most entities w [Showing first 8,000 characters — download PDF for full document]