Credit Rating

No. RITES/SECY/NSE Date: June 27, 2026 To To (cid:7009)लाजा, सी -1, (cid:7011)लॉक जी, बां(cid:7076)ा - कुला (cid:6981)कॉ(cid:7013)(cid:7009)ल(cid:6989)े स, बां(cid:7076)ा रोटुंडा िब(cid:7410)(cid:7016)डग, (पूव(cid:6981)), पी जे टावस,(cid:6981) दलाल (cid:7021)(cid:7069)ीट, फोट(cid:6981), Listing Department, Corporate Relationship Department, National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, C-1, Block G, Bandra - Rotunda Building, Kurla Complex, Bandra (E), P J Towers, Dalal Street, Fort, Mumbai – 400051 Mumbai - 400 001 Symbol- RITES Scrip Code- 541556 Subject: Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 - Credit Rating Dear Sir/Madam, In terms of Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that lnfomerics Valuation and Rating Limited has reaffirmed the ratings of the Company in the manner given below: Instrument/ Amount Previous Rating Current Rating Rating Facility (Rs. in Crore) Action Long Term 3480.00 IVR AAA/ Stable IVR AAA/ Stable Rating Reaffirmed Non-Fund (IVR Triple A with (IVR Triple A with Based Facility Stable Outlook) Stable Outlook) Short Term 75.00 IVR A1+ (IVR A IVR A1+ (IVR A Rating Reaffirmed Non-Fund One Plus) One Plus) Based Facility Total 3555.00 Rupees Three Thousand Five Hundred Fifty Five Crore Only In this regard, please find attached herewith the letter of credit rating and press release received from lnfomerics Valuation and Rating Limited for the above credit rating. This is for your information and records. Thanking You, Yours sincerely For RITES Limited Nikhil Agarwal Company Secretary & Compliance Officer Membership No.: A42626 Mr. Rahul Mithal Managing Director RITES Limited RITES Bhawan 1, Sector-29, Gurgaon, Haryana-122001 June 26, 2026 Dear Sir, Credit Rating for the Bank Loan Facilities of RITES Limited After taking into account all the recent developments and the operational and financial performance of your company during FY2025(A) and FY2026 (Audited). 1. Our Rating Committee has assigned the following ratings: Total Bank Loan Facilities Rs. 3555.00 Crore (Reduced from Rs. Regulator^ Rated 3790.00 Crore) Long Term Rating IVR AAA/Stable (Rating Reaffirmed) RBI Short Term Rating IVR A1+ (Rating Reaffirmed) RBI ^Kindly note that for activities or instruments falling under the purview of FSRs other than SEBI, the grievance/dispute redressal mechanisms and investor protection mechanisms provided by SEBI shall not be available. 2. Details of the rated facilities are provided in Annexure I and list of activities / instruments and names of regulators are given in Annexure II. 3. For rating symbols for long term and short-term rating, definitions, criteria, methodologies and appeal policy please refer to our website www.infomerics.com. 4. The press release for the rating(s) will be communicated to you shortly. 5. The above rating is normally valid for a period of one year from the date of the rating committee (that is June 25, 2027). 6. If the proposed long term / short term facility (if any) is not availed within a period of three months respectively from the date of this letter, then the rating may please be revalidated from us before availing the facility. 7. INFOMERICS reserves the right to undertake a surveillance/review of the rating(s) from time to time, based on circumstances warranting such review, subject to at least one such review/surveillance every year. 8. A formal surveillance/review of the rating is normally conducted within 12 months from the date of initial rating/last review of the rating. However, INFOMERICS reserves the right to undertake a surveillance/review of the rating more than once a year if in the opinion of INFOMERICS, circumstances warrant such surveillance/review. 9. You shall provide us with a No Default Statement as at the last date of the month on the first date of succeeding month without fail. The NDS shall be mailed every month to nds@Infomerics.com and to the mail id of the undersigned. 10. You shall provide the quarterly performance results/quarterly operational data (being submitted to Banks) to us within 6 weeks from the close of each calendar quarter for our review/monitoring. 11. You shall furnish all material information and any other information called for by INFOMERICS in a timely manner, for monitoring the rating assigned by INFOMERICS. In the event of failure on your part in furnishing such information, to carry out continuous monitoring of the rating of the bank facilities, INFOMERICS shall carry out the review/annual surveillance based on best available information throughout the lifetime of such bank facilities as per the policy of INFOMERICS. 12. Please note that INFOMERICS ratings are not recommendations to buy, sell or hold any security or to sanction, renew, disburse or recall the bank facilities. INFOMERICS do not take into account the sovereign risk, if any, attached to the foreign currency loans, and the ratings are applicable only to the rupee equivalent of these loans. 13. Users of this rating may kindly refer our website www.infomerics.com for latest update on the outstanding rating. 14. Further, this is to mention that all the clauses mentioned in the initial rating letter dated November 27, 2018 also stand applicable. If you need any clarification, you are welcome to approach us in this regard. Thanking you, Yours faithfully, Shivam Bhasin Tarun Jain Sr. Manager-Ratings Manager -Ratings shivam.bhasin@infomerics.com tarun.jain@infomerics.com Disclaimer: Infomerics ratings are independent opinions on the credit risk of the issue/issuer as of the date they are assigned and do not constitute statements of fact or recommendations to buy, hold or sell securities. The rating reflects Infomerics’ opinion on the relative credit risk of the rated instrument or entity at the time it is assigned. Infomerics reserves the right to change or withdraw the credit ratings at any point in time. Infomerics ratings are based on information and data provided by the issuer or obtained from sources believed by Infomerics to be accurate and reliable. Infomerics does not conduct any audit, due diligence or independent verification of the rated issuer or of the information provided to it unless specifically required under applicable regulatory guidelines. The credit ratings are not recommendations to sanction, renew, disburse, or recall the concerned bank facilities. While reasonable care has been taken to ensure the accuracy of the information herein, it is provided on an ‘as is’ basis and to the maximum extent permitted by law without warranty of any kind. Infomerics makes no representation or warranty, express or implied, regarding the accuracy, adequacy, timeliness, or completeness of any information contained in this report. All entities whose bank facilities/instruments are rated by us have paid a credit rating fee, based on the amount and type of bank facilities/instruments. Infomerics, or any of its group companies, may have provided other permissible services other than credit ratings to the rated issuer in the ordinary course of business. To the maximum extent permitted by applicable law, in no event shall Infomerics, its affiliates, or their respective directors, officers, shareholders, employees, or agents be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special, or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income, lost profits, or opportunity costs) arising from any use of this report. Any person accessing or using this report shall do so at their own risk. Infomerics shall have no obligation to update, revise or supplement this report after its publication except as required under applicable regulatory guidelines. The ratings and reports issued by Infomerics are intended for use in accordance with applicable laws and re [Showing first 8,000 characters — download PDF for full document]