Credit Rating

Avenue Supermarts Limited Plot No. 8-72 & B-72A. Wagle Industrial Estate. Thane (West), Maharashtra. India -400 604 Tel. 91 22 33400500 • C•mad· info@dmdrt1nd1a com • Website: v-NIW dmartmd1a com 9th October, 2026 BSE Limited The National Stock Exchange of India Ltd. Corporate Services Department Corporate Communications Department Phiroze Jeejeebhoy Towers “Exchange Plaza”, 5th Floor, Dalal Street, Bandra – Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 BSE Scrip Code: 540376 NSE Scrip Symbol: DMART Sub: Credit Rating Dear Sir/ Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we wish to inform you that ICRA Limited has reaffirmed the rating for enhanced Commercial Paper limit of Rs. 1,500 crores, as detailed below: Rated Amount Rs. 1,500 crores (Limit enhanced from Rs. 1,300 crores) Rating ICRA A1+; Rating reaffirmed and assigned for enhanced limit The rating letter received from ICRA Limited is enclosed herewith. This is for your information and record. Thanking You, For Avenue Supermarts Limited Ashu Gupta Company Secretary & Compliance Officer Encl: As above CIN: L51900MH2000PLC126473 REGISTERED ADDRESS: An1aneya. Opp. Hiranandani Foundation School. Powa1, Mumbai, Maharashtra, India • .(()()()76 ICRA Insights that empower ICRA/Avenue Supermarts Limited/09102026/1 Date: October 09, 2026 Mr. Niladri Deb Chief Financial Officer Avenue Supermarts Limited 4, Bhandup Station Rd, Near Railway Station, Ram Kirshna Wadi, Bhandup West, Mumbai, Maharashtra 400078 Dear Sir, Re: ICRA's Credit Rating for below mentioned instruments of Avenue Supermarts 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. Rated Amount Financial Sector Instrument Rating Action1 (Rs. crore) Regulator# Commercial Paper 1,500.00 [ICRA]A1+; Rating reaffirmed and assigned for Enhanced RBI limit Total 1,500.00 #SEBl's grievance redressal/dispute resolution and SEBI investor protection mechanisms such as SCORES and ODR shall not be ova ilable 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 Ratings 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 onthe Ratings. Therefore, request the lenders and Investors to visit ICRAwebsiteatwww.icra.infor latest Ratingsof the Company. The Ratingsare 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 Ratingsby 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 Ratingshave been assigned by us and their use has been confirmed by you, the Ratingswould be subject to our review, following which there could be a change in the Ratingspreviously 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 Ratings: (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 Ratings, as aforesaid, however, should not be treated as a recommendation to buy, sell or hold rated instrument issued by you. The Ratingsis 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-schedulementor 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. 1Complete 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 ++99S11-e99n33s55it44i77v-it33y88 L99a0099bel : Restricted +0124-44554455330000 CCIINN:: LL7744999999DDLL11999911PPLLCC004422774499 ICRA Insights that empower 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. 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 SUJOYSAHA 2026.10.09 12:44:45 +05'30' Sujoy Saha Vice President sujoy.saha@icraindia.com Sensitivity Label : Restricted