Credit Rating

Godrej Industries limited Regd.Office: God~J On@, PiroJshanagar. Eastern Exp~s Highway. Vlkhroli (E~ Mumbai -400 079. Indi. Tel.: +91-22-2518 8010/8020/8030 Fax: +91-22-2518 8068/8063/8074 Websit1!: www.godrejindustries.com ClN: L24241MH1988PlC097781 Date: October 14, 2026 To, To, BSELImited National Stock Exchange of India Limited P. J. Towers, Dalal Street, Fort Exchange Plaza, Bandra -Kurla Complex, Mumbai -400001 Bandra (East), Mumbai-400 051 Ref.: BSE Scrip Code No. "500164" Ref.: "GODREJIND" Debt Segment NSE Sub: Intimation under Regulations 30 and 51 of Securities and Exchange Board of India (Listing Obligations and Disclosure Reguirements) Regulations, 2015 -Credit Rating for Commercial Paper Programme and Non-Convertible Debenture Programme Dear Sir I Madam, Pursuant to Regulations 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that ICRA Limited has assigned I re-affirmed the Credit Ratings of the Company as under: a) Non-Convertible Debentures: ICRA Limited has assigned "[lCRA) AA+ (Stable)" [pronounced "ICRA double A positive (Stable),,] rating to the Company's proposed additional issue of Non-Convertible Debentures (NCDs) of up to ~1,500 Crore (Rupees One Thousand Five Hundred Crore Only). Further ICRA Limited has re-affirmed the existing credit rating for the already issued and listed Non-Convertible Debentures of ~7,200 Crore (Rupees Seven Thousand Two Hundred Crore Only). Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk. b) Commercial Paper Programme: ICRA Limited has re-affirmed its "[lCRA)A1+" (Reaffirmed)" [pronounced "ICRA A one plus (Reaffirmed)") rating to the Company's Commercial Paper Programme of up to ~3,500 Crore (Rupees Three Thousand Five Hundred Crore)) Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such Instruments carry lowest credit risk. Su mmaryof C re dI' t Ra tl.l1 9.lssue d b 'Y I CRA L'I ml' t ed f or th e NCO an d ot h er .in St rumen t sof th e C o m...2.a~lsas below: Instrument Amount Ratll19. NCO H500Crore ~ICRA] AA+(Stable) (Assigned) ~2,150 Crore [ICRA] AA+ (Stable) (Reaffirmed) ~2,OOO Crore [ICRA] AA+ (Stable) (Reaffirmed) ~2,800 Crore [ICRA] AA+ (Stable) (Reaffirmed) ~50 Crore [ICRA] AA+ (Stable) (Reaffirmed) ~200 Crore [ICRA] AA+ (Stable) (Reaffirmed) Commercial Paper ~3,500 Crore [ICRA] A1+ (Reaffirmed) Long-term - Fund-based -Cash ~90 Crore [ICRA] AA+(Stable) (Reaffirmed) Credit Long term - Fund based -Term ~246Crore [ICRA] AA+(Stable) (Reaffirmed) Loans • INDUSTRIES GodreJ Industries limited Regd. Office: Godrej One, Pirojshanagar, Eastern Express Highway, Vikhroli (E), Mumbai -400 079, India Tel.: +91-22-2518 8010/8020/8030 Fax: +91-22-2518 8068/8063/8074 Website: www.godrejlndustries.com ClN: L24241 MH1988PLC097781 Instrument Amount Rating Short Term - Non-fund-based ~126 Crore [lCRA] A1+ (Reaffirmed) facilities Long term/Short term - ~1 ,678 Crere [ICRA] AA+ (Stable)1 [ICRA] A1+ unallocated (Reaffirmed) Please find enclosed herewith the Credit Rating Letters received from ICRA Limited dated October 14, 2026. Kindly take the above on your records. Thanking you, Yours sincerely, For Godrej Industries Limited Company Secretary & Compliance Officer (FCS 12730) End: A/a • INDUSTRIES ICRA/ Godrej Industries Limited/14102026/1 Date: October 14,2026 Mr. Clement Pinto Chief Financial Officer Godrej Industries Limited Eastern Express Highway, Vikhroli, Mumbai 400079 Dear Sir, Re: Godrej Industries Limited following rating actions for the mentioned instruments of your company. Rated Amount Financial Sector Instrument Rating Action1 (Rs. crore) Regulator# Long-term - Fund-based - Cash credit 90.00 [ICRA]AA+(Stable); Reaffirmed RBI Long-term - Fund-based - Term loan 246.00 [ICRA]AA+(Stable); Reaffirmed RBI Short-term - Non-fund based - 126.00 [ICRA]A1+; Reaffirmed RBI Others Long term/Short term Unallocated [ICRA]AA+(Stable) /[ICRA]A1+; 1,678.00 RBI limits Reaffirmed Total 2140.00 # ilable 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. 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 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 +0124-44554455330000 CCIINN:: LL7744999999DDLL11999911PPLLCC004422774499 Sensitivity Label : Restricted 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 Suprio Banerjee Vice President & Co-Group Head Corporate Sector Ratings supriob@icraindia.com Sensitivity Label : Restricted ICRA/ Godrej Industries Limited /14102026/2 Date: October 14,2026 Mr. Clement Pinto Chief Financial Officer Godrej Industries Limited Eastern Express Highway, Vikhroli, Mumbai 400079. Dear Sir, Re: Godrej Industries Limited actions for the mentioned instruments of your company. Rated Amount Instrument Rating Action1 Financial Sector Regulator# (Rs. crore) Commercial Paper Programme 3,500.00 [ICRA]A1+; reaffirmed RBI Total 3,500.00 # ilable for activities and instruments which fall under the regulatory purview of Financial Sector Regulators o [Showing first 8,000 characters — download PDF for full document]