Credit Rating

September 28, 2026 To To National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra – New Trading Ring, 2nd Floor, Rotunda Building, P.J. Towers, Kurla Complex, Bandra (E), Mumbai – 400 051 Dalal Street, Mumbai – 400 001 SYMBOL: ELLEN SCRIP CODE: 544421 Sub: Intimation regarding Credit Rating – Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Company has received the credit rating from CRISIL Ratings Limited vide its letter dated September 28, 2026 as under: Total Bank Loan Facilities Rated Rs. 50 crore Long Term Rating Crisil A/Stable Short Term Rating Crisil A1 The details of the credit rating is set out in the enclosed rating letter which was received at 03:05 P.M. We hereby submit the aforesaid credit rating letter for your information and records. The same is also being made available on the Company's website at https://ellenbarrie.com/investors/ Thanking You. Yours faithfully, For Ellenbarrie Industrial Gases Limited Aditya Keshri Company Secretary and Compliance Officer Membership No.: A73390 CONFIDENTIAL RL/GDS5158/376373/BLR/0926/160027 September 28, 2026 Mr. Srinivas Prasad Chief Financial Officer Ellenbarrie Industrial Gases Limited 3A Ripon Street 2nd Floor Kolkata - 700016 9560663261 Dear Mr. Srinivas Prasad, Re: Crisil rating on the bank facility(ies) of Ellenbarrie Industrial Gases Limited. All ratings assigned by Crisil Ratings are kept under continuous surveillance and review. Please find in the table below the ratings outstanding for the debt instruments/facilities of the company as on date. Total Bank Loan Facilities Rated Rs.50 Crore Long Term Rating Crisil A/Stable Short Term Rating Crisil A1 (Bank-wise details as per Annexure 1) Crisil Ratings also disseminates the rating on the bank facilities through its website and updates the rating lists on Crisil Ratings’ website on a real time basis. Additionally, the rating lists in its publications such as Rating Scan and BLR Connect are also updated to reflect the latest ratings outstanding on the bank loan facilities. Crisil Ratings reserves the right to withdraw, or revise the ratings/outlook at any time, on the basis of new information, or unavailability of information, or other circumstances which Crisil Ratings believes may have an impact on the ratings. The rating outstanding on the above bank facilities during April 01, 2026, to September 27, 2026, was Crisil A/Stable/Crisil A1. This letter will remain valid till March 31, 2027. After this date, please insist for a new rating letter (dated later than March 31, 2027). Please visit www.crisilratings.com to confirm that the rating continues to be under surveillance and the rating is still valid. 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 clarifications, please feel free to contact us. With warm regards, Yours sincerely, Vishnu Sinha 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 Bank Guarantee HDFC Bank Limited 25 Crisil A1 2 Cash Credit HDFC Bank Limited 25 Crisil A/Stable Total 50 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)* $. RBI 4 Listed PTCs / Securitisation Notes (originated by entities not regulated by RBI)* SEBI 5 Unlisted PTCs / Securitisation Notes (originated by entities regulated by RBI)* RBI 6 Listed Commercial Paper and NCDs with original maturity less than 1 year RBI 7 Unlisted Commercial Paper and NCDs with original maturity less than 1 year RBI 8 Loan Facilities (Fund/Non-Fund Based) from Bank/NBFCs/NHB/FIs ^ 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 + 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 ~ - 15 Issuer Ratings # - 16 Credit Ratings for Capital Protection Oriented Schemes (by Mutal Funds and AIFs) SEBI 17 Credit quality ratings (CQRs) for Mutual Fund Schemes and Schemes of AIFs SEBI 18 Listed Security Receipts $. RBI 19 Unlisted Security Receipts RBI 20 Independent Credit Evaluation (ICE) RBI 21 Expected Loss Ratings (for Loan Facilities (Fund/Non-Fund Based) from Bank/NBFCs/NHB/Fis) + 22 Expected Loss Ratings (Listed/Proposed to be listed bonds/debentures/preference share (all SEBI securities)) 23 Expected Loss Ratings (Unlisted/Proposed to be unlisted Bonds/Debentures/ Preference share (all MCA securities)) 24 Unlisted PTCs / Securitisation Notes (originated by entities not regulated by RBI) * Investor-side regulator such as IRDAI, PFRDA @ * Includes securitisation transactions involving assignee payout, acquirer's payout. ~ The rated instrume [Showing first 8,000 characters — download PDF for full document]