UPDATE ON CREDIT RATING

www.hitechpipes.in BUILDING A NEW INDIA 22" Qctober, 2026 National Stock Exchange of India Limited | BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra, Dalal Street, Mumbai - 400 051 Mumbai — 400 001 [ Trading Symbol: HITECH Scrip Code: 543411 Dear Sir/ Madam, Subject: Update on Credit Rating Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in continuation to the our previous announcement dated October 17,2026, the credit bulletin dated October 22, 2026 is issued by CRSIL Ratings Limited in order to update the bank wise facilities in line with RBI requirements. In this regard, we wish to inform you that there is no change in the Bank Loan facilities and the ratings of the Company and the same is also herein given below: m Lt oa nl TB ea rn mk L ao tia nn Facilities Rated Rs.565 Crores (Enhanced from Rs.510 Crores) CRISIL A+/ Stable (Reaffirmed) Short Term Rating CRISIAL1 (Reaffirmed) This information is also available at www.crisilratings.com and www.hitechpipes.in and can also be download from the following link https://hitechpipes.in/wp-content/uploads/2026/ 10/Crdit- Bulletin_22.10.2026.pdf. Kindly place the same on your record. Thanking you, Yours truly, For and on behalf of Hi et ipes Limitgthren Arun KG2mRany Secretary Company Secretary & Compliance Officer Encl: Credit Bulletin ——ERW PIPES & HOLLOW SECTIONS | GPGC SHEETS & COLOR COATED COIL | Gl & GP PIPES | CR COILS & STRIPS | CRASH BARRIFR =——= HI-TECH PIPES LIMITED : 505, Pearls Omaxe Tower, Netaji Subhash Place, Pitampura, New Delhi -110034 CIN: L27202DL1985PLC019750 22/10/2026, 17:15 Credit Bulletin Crisil Ratings Credit Bulletin October 22, 2026 | Mumbai Update on Hi-Tech Pipes Limited Note: None of the Directors on Crisil Ratings Limited’s Board are members of rating committee and thus do not participate in discussion or assignment of any ratings. The Board of Directors also does not discuss any ratings at its meetings. This Credit Bulletin is published solely to update the bank-wise facility details in line with RBI requirement. For other sections please refer to the previous Rating Rationale October 16, 2026. Click Here to access the previous Rating Rationale. Annexure - Details of Bank Lenders & Facil ies - Regulator for the Instrument is RBI Facility Amount (Rs.Crore) Name of Lender Rating Cash Credit 25 Axis Bank Limited Crisil A+/Stable Cash Credit 30 Canara Bank Crisil A+/Stable SVC Co-Operative Bank Cash Credit 245 Crisil A+/Stable Limited Cash Credit 25 State Bank of India Crisil A+/Stable Cash Credit 62.5 State Bank of India Crisil A+/Stable Cash Credit 38.5 HDFC Bank Limited Crisil A+/Stable Cash Credit 38.5 The Federal Bank Limited Crisil A+/Stable Cash Credit IDFC FIRST Bank Limited Crisil A+/Stable Letter of Credit 35 YES Bank Limited Crisil A1 Letter of credit & Bank State Bank of India Crisil A1 Guarantee Letter of credit & Bank 24 IDFC FIRST Bank Limited Crisil A1 Guarantee Letter of credit & Bank 78 State Bank of India Crisil A1 Guarantee Letter of credit & Bank 31 Canara Bank Crisil A1 Guarantee Non-Fund Based Limit 30 ICICI Bank Limited Crisil A1 Vendor Bill Discounting The South Indian Bank 15 Crisil A1 Limits Limited Vendor Financing 23 State Bank of India Crisil A+/Stable Vendor Financing 77 State Bank of India Crisil A+/Stable Annexure: List of instruments and names of regulators of the instruments As required by SEBI CRA Circular dated Feb 10, 2026, a list of activities or instruments falling under the purview of various FSRs, along with the names of respective FSRs, is being disclosed below: A. Rating activities . Regulator of the Sr. No. | Instrument/ activity Name instruments 1 Listed/Proposed to be listed bonds/debentures/preference share (all securities) | SEBI https://www.crisilratings.com/mntiwinshare/Ratings/RatingList/RatingDocs/Hi_TechPipesLimited_October 22_ 2026_RR_408733.htm 16 22/10/2026, 17:15 Credit Bulletin 2 UnIist_e_leroposed to be unlisted Bonds/Debentures/ Preference share (all MCA securities) 3 Listed PTCs / Securitisation Notes (originated by entities regulated by RBI)*$ RBI 4 Listed PTCs / Securitisation Notes (originated by entities not regulated by RBI)* | SEBI 5 Unlisted PTCs / Securitisation Notes (originated by entities regulated by RBI)* RBI 6 Listed Commercial Paper and NCDs with original maturity less than 1 year RBI 7 Unlisted Commercial Paper and NCDs with original maturity less than 1 year RBI 8 Loan Facilities (Fund/Non-Fund Based) from Bank/NBFCs/NHB/FIs * RBI 9 External Commercial Borrowings and other similar borrowings RBI 10 Certificates of Deposit RBI 11a Fixed Deposits raised by NBFC's, HFCs, Fis RBI 11b Fixed Deposits raised by Banks + 12 Fixed Deposits raised by corporates other than NBFCs, Banks, HFCs, Fls MCA 13 Inter Corporate Deposits/Loans extended by Corporates MCA 14 Borrowing programme ~ - 15 Issuer Ratings # - 16 Credit Ratings for Capital Protection Oriented Schemes (by Mutual Funds and SEBI AlIFs) 17 Credit quality ratings (CQRs) for Mutual Fund Schemes and Schemes of AlFs SEBI 18 Listed Security Receipts® RBI 19 Unlisted Security Receipts RBI 20 Independent Credit Evaluation (ICE) RBI 21 Expected Loss Ratin_gs (for Loan Facilities (Fund/Non-Fund Based) from " Bank/NBFCs/NHB/Fis) 2 Expected Loss Ratings (Listed/Proposed to bg_listed SEBI bonds/debentures/preference share (all securities)) 23 Expected Loss Ratings (Unvli.s!ed/Proposed to be unlisted Bonds/Debentures/ MCA Preference share (all securities)) 24 Unlisted PTCs / Securitisation Notes (originated by entities not regulated by Investor-side regulator such RBI) * as IRDAI, PFRDA @ * Includes securitisation transactions involving assignee payout, acquirer's payout. ~ The rated instrument may involve issuance of different instruments such as debt securities (listed or otherwise), bank loans, commercial paper (listed or otherwise), etc. The regulator of the instrument may accordingly be SEBI, RBI or MCA and can only be determined upon issuance. In PRs subsequent to issuance(s), Crisil Ratings Limited shall separately capture the rated quantum details along with names of respective regulators. * Includes bank facilities such as liquidity facility, second loss facility that are part of securitisation transactions. # There is no instrument being rated and hence, Regulator of the Instrument is not applicable. The rating scale and definitions are being followed as stipulated in SEBI Master Circular for CRAs. @ These ratings were assigned during regulatory regime prior to introduction of SEBI CRA Circular dated Feb 10, 2026 and the investor side regulators have accordingly been included. $ By virtue of the instrument being listed, SEBI acts as the regulator for listing and related issues. + To be finalized following a discussion with the regulatory authorities. Note: 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. Criteria Details Links to related criteria Basics of Ratings (including default recognition, assessing information adequacy) Criteria for consolidation Criteria for manufacturing, trading and corporate services sector (including approach for financial ratios) Media Relations Analytical Contacts Customer Service Helpdesk Ramkumar Uppara Himank Sharma Timings: 10.00 am to 7.00 pm Media Relations Director Toll Free Number: 1800 267 3850 Crisil Limited Crisil Ratings Limited M: +91 98201 77907 D:+91 124 672 2152 For a copy of Rationales / Rating Reports: himank.sharma@crisil.com CRISiILratingdesk@crisil.com https://www.crisilratings.com/mntiwinshare/Ratings/RatingList/RatingDocs/Hi_TechPipesLimited_October 22_ 2026_RR_408733.htm 216 22/10/2026, 17:15 Credit Bulletin B: +91 22 6137 3000 ramkumar.uppara@crisil.com Srriti Singh Associate Director Bhumika Bijani Crisil Ratings Limited Med [Showing first 8,000 characters — download PDF for full document]