Credit Rating

KEI Industries Limited Registered and Corporate Office: D-90, Okhla Industrial Area, Phase-1, New Delhi- 110020 CIN: L74899DL1992PLC051527 Tel.: +91-11-26818840/8642/0242, Email: info@kei-ind.com Website: www.kei-ind.com Date: 27.06.2026 The Manager, The Manager, Listing Operation, Listing Division, BSE Limited, The National Stock Exchange of India Ltd., 25th Floor, Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Fort, Mumbai- 400 001. Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Scrip Code: 517569 NSE Symbol: KEI Sub: Intimation of Credit Rating(s) pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir / Madam, This is to inform you that CARE Ratings Limited has reaffirmed the Long Term Bank Facilities & Short Term Bank Facilities/ Commercial Paper ratings of the Company as under: Instrument Rating / Outlook Rating Definition Type Instruments with this rating are considered to have high degree of safety regarding timely Long Term CARE AA+; Stable (Double servicing of financial obligations. Such Bank Facilities A Plus; Outlook: Stable) instruments carry very low credit risk. Instruments with this rating are considered to have very strong degree of safety regarding Short Term Bank CARE A1+ timely payment of financial obligations. Such Facilities/ Commercial (A One Plus) instruments carry lowest credit risk. Paper This is for the information of the exchange and the members. Thanking you, Yours truly, For KEI INDUSTRIES LIMITED (Kishore Kunal) Sr. VP (Corporate Finance) & Company Secretary No. CARE/NRO/RL/2026-27/1461 Shri Rajeev Gupta Executive Director KEI Industries Limited D-90, KEI INDUSTRIES LIMITED OKHLA INDUSTRIAL AREA New Delhi Delhi 110020 June 26, 2026 Confidential Dear Sir, Credit rating for Commercial Paper (CP) issue aggregating Rs.30.00 crore1 On the basis of recent developments including operational and financial performance of your company for FY26 (Audited) , and the possible impact of the same on the credit profile of your company our Rating Committee has reviewed the following rating(s): Amount Instrument Rating2 Rating Action (₹ crore) Commercial Paper (Carved 30.00 CARE A1+ Reaffirmed out)* *carved out of the sanctioned working capital limits of the company. (Not to be mentioned if not carved out) 2. The CP issue would be for a maturity not exceeding one year.. 3. Please arrange to get the rating revalidated in case the issue is not made within two months from the date of this letter i.e. by August 25, 2026. Once the CP is placed, the rating is valid for the tenure of such instrument till redemption. 4. Please inform us the below-mentioned details of issue immediately, but not later than 7 days from the date of placing the instrument: Issue Name and Coupon Details Instrument Size Coupon Terms of Redemption contact ISIN Payment of top 10 type (Rs Rate Redemption date details of Dates investors cr.) Trustee/IPA 1 This represents the aggregate of all CP issuances of the company outstanding at any point in time. 2Complete 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 5. 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 will be shared separately for your perusal as Annexure. 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 shortly, we will proceed on the basis that you have no any comments to offer. 6. 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. 7. CARE Ratings Ltd. reserves the right to revise/reaffirm/withdraw the rating assigned 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 debt instruments, CARE Ratings Ltd. shall carry out the review on the basis of best available information throughout the life time of such instruments. 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. 8. 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. 9. Users of this rating may kindly refer our website www.careratings.com for latest update on the outstanding rating. 10. CARE Ratings Ltd. 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 Jiggya Kapish Sahil Goyal Lead Analyst Associate Director jiggya.kapish@careedge.in sahil.goyal@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. 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