Update on Credit Rating of the Company.

Ref: BIRLANU/SE/2026-27/42 October 7, 2026 To To BSE Limited National Stock Exchange of India Limited P.J. Towers, Dalal Street 5th Floor, Exchange Plaza, Bandra (E), Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 509675 Scrip Symbol: BIRLANU Through: BSE Listing Centre Through: NEAPS Sub: Update on Credit Rating of the Company Ref: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Pursuant to Regulation 30 and other applicable provisions, if any of SEBI Listing Regulations, we hereby inform the below update received on the credit rating of the Company from M/s. ICRA Limited (ICRA), Credit Rating Agency vide its letter dated October 6, 2026: Instruments/ Previous Current Previous Rating Rating Action Facilities Rated Rated Action Amount Amount (Rs. in (Rs. in crore) crore) Long term/Short 365.00 452.50 [ICRA]AA- (Negative)/ [ICRA]AA- (Negative)/ term - Fund and [ICRA]A1+ [ICRA]A1+; reaffirmed and Non-fund based assigned for enhanced limits amount Short term – Non- 108.00 250.00 [ICRA]A1+ [ICRA]A1+; reaffirmed and Fund based limits assigned for enhanced amount Long-term/Short- 37.00 3.41 [[ICRA]AA-(Negative)/ [ICRA]AA- (Negative)/ Term – Unallocated [ICRA]A1+ [ICRA]A1+; reaffirmed limits Long-term - Fund 90.00 344.09 [ICRA]AA- (Negative) [ICRA]AA- (Negative); based - Term Loan reaffirmed and assigned for enhanced amount Total 600.00 1050.00 A copy of the said communication received from ICRA is enclosed herewith. Yours faithfully, For BirlaNu Limited (formerly HIL Limited) Nidhi Bisaria Company Secretary & Compliance Officer Membership No. F5634 Encl. as stated PIPES CONSTRUCTION CHEMICALS PUTTY ROOFS WALLS FLOORS BirlaNu Limited (formerly HIL Limited) Corporate Office : BirlaNu Limited, 6th Floor, Birla Tower, 25 Barakhamba Rd, New Delhi - 110001 Registered Office : Office No. 1 & 2, L7 Floor, SLN Terminus, Sy. No. 133, Near Botanical Gardens, Gachibowli, Hyderabad - 500032, Telangana, India. CIN: L74999TG1955PLC000656 +91 40 6824 9000 customercare@birlanu.com www.birlanu.com ICRA/BirlaNu Limited/06102026/1 Date: October 06, 2026 Mr. Ajay Kapadia Chief Financial Officer BirlaNu Limited SLN Terminus, 7th Floor Near Botanical Gardens, Gachibowli Hyderabad – 500 032 Dear Sir, Re: ICRA’s Credit Rating for below mentioned Instruments of BirlaNu Limited (erstwhile HIL Limited) As per the Rating Agreement/Statement of Work executed with ICRA Limited, ICRA’s Rating Committee has taken the following rating actions for the mentioned instruments of your company. Rated Amount Instrument Rating Action1 Financial Sector Regulator# (Rs. crore) Long term/Short term – [ICRA]AA- (Negative)/[ICRA]A1+; Fund and non-fund-based 452.50 reaffirmed and assigned for RBI limits enhanced amount Short term – Non-Fund [ICRA]A1+; reaffirmed and 250.00 RBI based limits assigned for enhanced amount Long term/Short-term – [ICRA]AA- (Negative)/[ICRA]A1+; 3.41 RBI Unallocated limits reaffirmed [ICRA]AA- (Negative); reaffirmed Long term – Fund based – 344.09 and assigned for enhanced RBI Term loan amount Total 1,050.00 #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. The aforesaid rating(s) will become due for surveillance within one year from the date of rating communication letter. 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. 1 Complete definitions of the ratings assigned are available at www.icra.in. ICRA Limited Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel. +91-11-23357940-41 Building No. 8, 2nd floor, Tower A, DLF Cyber City, Phase II, Gurugram-122002 www.icra.in info@icraindia.com +91-93547-38909 +0124-4545300 CIN: L74999DL1991PLC042749 The rating(s) assigned must be understood solely as an opinion and should not be treated, or cause to be treated, as recommendation to buy, sell, or hold the rated instrument availed/issued by your company. 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. We look forward to your communication and assure you of our best services. With kind regards, Yours sincerely, For ICRA Limited Anupama Reddy Vice President and Group Head anupama.reddy@icraindia.com Sensitivity Label : Internal Annexure Details of Bank Limits Rated by ICRA Amount (Rs. crore) Rating Rating Assigned On (Rated on Long-Term Scale) Term Loans Federal Bank Limited 23.69 [ICRA]AA- (Negative) September 25, 2026 HDFC Bank Limited 32.50 [ICRA]AA- (Negative) September 25, 2026 RBL Bank 265.00 [ICRA]AA- (Negative) September 25, 2026 State Bank of India 19.70 [ICRA]AA- (Negative) September 25, 2026 Small Industries Development Bank of 3.20 [ICRA]AA- (Negative) September 25, 2026 India Total 344.09 Details of Bank Limits Rated by ICRA Amount (Rs. crore) Rating Rating Assigned On (Rated on Short-Term Scale) Non-Fund based limits ICICI Bank Limited 250.00 [ICRA]A1+ September 25, 2026 Total 250.00 Details of Bank Limits Rated by ICRA (Rated on Long-Term/Short-Term Amount (Rs. crore) Rating Rating Assigned On Scale) Fund and non-fund based limits HDFC Bank Limited 95.00 [ICRA]AA- (Negative)/[ICRA]A1+ September 25, 2026 Kotak Mahindra Bank Limited 65.00 [ICRA]AA- (Negative)/[ICRA]A1+ September 25, 2026 HSBC Limited 50.00 [ICRA]AA- (Negative)/[ICRA]A1+ September 25, 2026 Federal Bank Limited 80.00 [ICRA]AA- (Negative)/[ICRA]A1+ September 25, 2026 ICICI Bank Limited 50.00 [ICRA]AA- (Negative)/[ICRA]A1+ September 25, 2026 Yes Bank Limited 25.00 [ICRA]AA- (Negative)/[ICRA]A1+ September 25, 2026 RBL Bank 25.00 [ICRA]AA- (Negative)/[ICRA]A1+ September 25, 2026 Axis Bank Limited 62.50 [ICRA]AA- (Negative)/[ICRA]A1+ September 25, 2026 Sub-Total (A) 452.50 Unallocated Limits – B 3.41 [ICRA]AA- (Negative)/[ICRA]A1+ September 25, 2026 Total (A+B) 455.91 October 07, 2026 BirlaNu Limited: Ratin [Showing first 8,000 characters — download PDF for full document]