Credit Rating

Dated: September 30, 2026 The Listing Department, T h e L i s t i n g D e p a r t m ent, The National Stock Exchange of India Ltd., B S E L t d . , “Exchange Plaza”, P h i r o z e J e e j e e b hoy Towers, Bandra Kurla Complex, Bandra (East), D a l a l S t r e e t Mumbai – 400051 M u m b a i – 4 0 0 001 Scrip Symbol: TCIEXP S c r i p C o d e : 5 4 0 212 Sub: Intimation for reaffirmation of Credit Rating of Commercial Papers Dear Sir/Madam, Pursuant to Regulation 30(6) read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that ICRA Limited (Credit Rating Agency), has reaffirmed credit rating in respect of the Company’s Commercial Paper Programme as “[ICRA] A1+” The letter received from ICRA Limited is also available on the website of the Company at https://www.tciexpress.in/credit-rating.aspx?invid=3&key=eccbc87e4b5ce2fe28308fd9f2a7baf3 and is attached herewith for your reference. This is for your kind information and records. Thanking you, For TCI Express Limited PRIYANKA (Company Secretary & Compliance Officer) Encl: as above 91 40 27840104 Website: www.tciexpress.in Corporate Office: Plot No. 84, 3rd Floor, Sector 32, Institutional Area, Gurugram - 122001, India Tel.: +91-124-2384090-94 • Email: info@tciexpress.in • CIN: L62200TG2008PLC061781 Registered Office: Flat Nos. 306 & 307, 1-8-273, Third Floor, Ashoka Bhoopal Chambers, S. P. Road, Secunderabad – 500003 • Tel.: ++91 40 27840104 ICRA/TCI Express Limited/29092026/01 Date: September 29, 2026 Mr. Mukti Lal Chief Financial Officer TCI Express Limited Plot no. 84, Institutional Area, Sector-32, Gurgaon- 122207 Dear Sir, Re: ICRA’s Credit Rating for below mentioned instruments of TCI Express Limited As per the Rating Agreement/Statement of Work executed with ICRA Limited, ICRA’s Rating Committee has taken the below rating actions for the mentioned instruments of your company. Current rated amount Financial Sector Instrument* Rating action (Rs. crore) Regulator# Commercial Paper 25.00 [ICRA]A1+; reaffirmed RBI Total 25.00 #SEBI’s grievance redressal/dispute resolution and SEBI investor protection mechanisms such as SCORES and ODR shall not be available for activities and instruments which fall under the regulatory purview of Financial Sector Regulators other than SEBI. However, ICRA reserves the right to review and/or, revise the above Rating(s) at any time based on new information becoming available, or the required information not being available, or other circumstances that ICRA believes could have an impact on the Rating(s). Therefore, request the lenders and Investors to visit ICRA website at www.icra.in for latest Rating(s) of the Company. The Rating(s) are specific to the terms and conditions of the instruments as indicated to us by you, and any change in the terms or size of the same would require a review of the Rating(s) by us. In case there is any change in the terms and conditions or the size of the rated instrument, the same must be brought to our notice before the instrument is used by you. In the event such changes occur after the Rating(s) have been assigned by us and their use has been confirmed by you, the Rating(s) would be subject to our review, following which there could be a change in the Rating(s) previously assigned. Notwithstanding the foregoing, any change in the over- all limit of the instrument from that specified in this letter, would constitute an enhancement that would not be covered by or under the said Rating Agreement. Additionally, we wish to highlight the following with respect to the Rating(s): (a) If the instrument rated, as above, is not issued by you within a period of 3 months from the date of this letter, the Rating(s) would need to be revalidated before issuance; (b) Once the instrument is issued, the rating is valid throughout the life of the captioned programme (which shall have a maximum maturity of twelve months from the date of the issuance of the instrument). The Rating(s), as aforesaid, however, should not be treated as a recommendation to buy, sell or hold rated instrument issued by you. The Rating(s) is restricted to the rated amount mentioned. In case, you propose to enhance the size of the rated instrument, the same would require to be rated afresh. ICRA does not assume any responsibility on its part, for any liability, that may arise consequent to your not complying with any eligibility criteria, applicable from time to time, for issuance of rated instrument. You are also requested to forthwith inform us about any default or delay in repayment of interest or principal amount of the instrument rated, as above, or any other debt instruments/ borrowing and keep us informed of any other developments which may have a direct or indirect impact on the debt servicing capability of the company including any proposal for re-schedulement or postponement of the repayment programmes of the dues/ debts of the company with any lender(s) / investor(s), or occurrence of any significant development that could impact the ability of the company to raise funds such as restriction imposed by any authority from raising funds through issuance of debt securities through electronic bidding system. Further, you are requested to inform us immediately as and when the borrowing limit for the instrument rated, as above, or as prescribed by the regulatory authority(ies) is exceeded. In line with SEBI Circular No. SEBI/HO/DDHS/DDHS-PoD-3/P/CIR/2024/160 dated November 18, 2024, issuers are encouraged to utilize the penny-drop verification service as provided by banks. This measure is intended to prevent payment failures when disbursing principal and/or interest to respective investors or debenture holders. BuilSdeinngs Nitoiv. i8ty, 2 Lnad bFelolo :r ,R Teoswterirc Ate d Tel.: +91.124 .4545300 Website: www.icra.in DLF Cyber City, Phase II CIN: L749999DL1991PLC042749 Email: info@icraindia.com Gurugram – 122002, Haryana Helpdesk: +91 9354738909 Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel.: +91.11.23357940-41 RATING ● RESEARCH ● INFORMATION Penny-drop verification serves as an efficient method for confirming the bank account details of persons designated to receive payments. Once an account has been verified through this facility, it can be used for subsequent transactions related to interest and principal payments, thereby ensuring successful remittance and avoiding failure. We look forward to your communication and assure you of our best services. With kind regards, Yours sincerely, For ICRA Limited Srikumar Krishnamurthy Senior Vice President ksrikumar@icraindia.com Sensitivity Label : Restricted