Credit Rating

Date: 08.10.2026 National Stock Exchange of India Ltd. Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E) Mumbai – 400051 Symbol :- KRISHANA Subject: Credit Rating – Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 Dear Sir / Madam, Pursuant to Regulation 30 of SEBl(Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to intimate that the credit rating assigned to our company by Crisil Ratings Limited on dated 07th October, 2026 (copy attached), in respect of Bank facilities of the Company are as under:- Instrument Rating Assigned Description Long Term Rating Crisil A+/Stable (Removed from 'Rating Watch with Developing Implications'; Rating Reaffirmed) Short Term Rating Crisil A1 (Removed from 'Rating Watch with Developing Implications'; Rating Reaffirmed) You are requested to take the same on your record. Thanking you, Yours faithfully, For Krishana Phoschem Limited Anil Sharma (Company Secretary) M.No. ACS- 25045 Place : Bhilwara Registered off. : Wing A/2, 1st Floor, Ostwal Heights, Urban Forest, Atun, Bhilwara 311802(Raj.) Works : AKVN Industrial Area, Meghnagar-457779, Distt.Jhabua(M.P.)Ph.77730 01157, 92570 11857 CONFIDENTIAL RL/KRIPHL/407037/BLR/1026/160908 October 07, 2026 Mr. Sunil Kothari Director - Chief Financial Officer Krishana Phoschem Limited 5-O-2, R.C. Vyas Colony Bhilwara – 311001 9257011211 Dear Mr. Sunil Kothari, Re: Review of Crisil Ratings on the bank facilities of Krishana Phoschem 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, and the rating actions by Crisil Ratings on the ratings as on date. Total Bank Loan Facilities Rated Rs.1125 Crore Crisil A+/Stable (Removed from 'Rating Watch with Developing Long Term Rating Implications'; Rating Reaffirmed) Crisil A1 (Removed from 'Rating Watch with Developing Implications'; Short Term Rating Rating Reaffirmed) (Bank-wise details as per Annexure 1) As per our Rating Agreement, Crisil Ratings would disseminate the ratings, along with the outlook, through its publications and other media, and keep the ratings, along with the outlook, under surveillance over the life of the instrument/facility. Crisil Ratings reserves the right to withdraw, or revise the ratings, along with the 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. Please visit www.crisilratings.com and search with the name of the rated entity to access the latest rating/s. In the event of the company not availing the proposed facilities within a period of 180 days from the date of this letter, a fresh letter of revalidation from Crisil Ratings will be necessary. 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 clarification, please feel free to get in touch with us. With warm regards, Yours sincerely, 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 Nitin Bansal Nivedita Shibu Associate Director - Crisil Ratings Director - Crisil Ratings Annexure 1 - Bank-wise details of various facility classes (outstanding facilities) Amount (Rs. S.No. Bank Facility Bank Outstanding Rating in Crore) 1 Cash Credit ICICI Bank Limited 90 Crisil A+/Stable 2 Cash Credit RBL Bank Limited 77 Crisil A+/Stable 3 Cash Credit State Bank of India 55 Crisil A+/Stable 4 Cash Credit YES Bank Limited 50 Crisil A+/Stable 5 Cash Credit Axis Bank Limited 45 Crisil A+/Stable 6 Cash Credit The Federal Bank Limited 30 Crisil A+/Stable 7 Letter of Credit YES Bank Limited 190 Crisil A1 8 Letter of Credit Axis Bank Limited 55 Crisil A1 9 Letter of Credit ICICI Bank Limited 140 Crisil A1 10 Letter of Credit The Federal Bank Limited 85 Crisil A1 11 Letter of Credit RBL Bank Limited 73 Crisil A1 12 Letter of Credit State Bank of India 12 Crisil A1 13 Loan Equivalent Risk Limits YES Bank Limited 20 Crisil A1 14 Loan Equivalent Risk Limits Axis Bank Limited 14 Crisil A1 15 Loan Equivalent Risk Limits The Federal Bank Limited 15 Crisil A1 16 Loan Equivalent Risk Limits RBL Bank Limited 15 Crisil A1 17 Loan Equivalent Risk Limits ICICI Bank Limited 15 Crisil A1 18 Loan Equivalent Risk Limits State Bank of India 2.55 Crisil A1 Proposed Fund-Based Bank 19 -- 27.26 Crisil A+/Stable Limits 20 Term Loan Shinhan Bank 8.57 Crisil A+/Stable 21 Term Loan Axis Bank Limited 75.39 Crisil A+/Stable 22 Term Loan ICICI Bank Limited 30.23 Crisil A+/Stable Total 1125 22. ICICI Bank Term Loan of Rs 35 Cr. sanctioned amount taken. 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 o [Showing first 8,000 characters — download PDF for full document]