Intimation of Revised Credit Rating

July 25, 2026 BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai ‐ 400 001. Scrip Code: 539354 Dear Sir, Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Intimation of revised Credit Rating – Reg. ****** Pursuant to the provisions of Regulation 30 read with Para A (3) of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that the CARE Ratings Limited, our Rating Agency has reaffirmed the credit ratings in respect of the Long term facilities and Short Term Facilities availed from Banks as per the details provided below: Facilities Amount (Rs. in Crores) Rating Rating Action 23.53 Long Term Bank Facilities CARE BB+; Stable Reaffirmed (Reduced from 24.35) 111.95 CARE A4+ Short Term Bank Facilities Reaffirmed (Reduced from 112.22) Total 135.48 This is for you information. Thanking you, Yours faithfully, For Polyspin Exports Limited A. Emarajan Company Secretary and Compliance Officer Encl: As above No. CARE/CMBO/RL/2026-27/1058 Ms. Durga Ramji Managing Director Polyspin Exports Limited 351, P.A.C.R. SALAI Rajapalayam, Virudhunagar Tamil Nadu 626117 July 24, 2026 Confidential Dear Madam, Credit rating for bank facilities On the basis of recent developments including operational and financial performance of your Company for FY26 (Audited), our Rating Committee has reviewed the following ratings: Amount Facilities Rating1 Rating Action (₹ crore) Long Term Bank 23.53 CARE BB+; Stable Reaffirmed Facilities (Reduced from 24.35) Short Term Bank 111.95 CARE A4+ Reaffirmed Facilities (Reduced from 112.22) 2. Refer Annexure 1 for details of rated facilities. 3. The press release for the rating will be communicated to you separately. 4. CARE Ratings Ltd. reserves the right to undertake a surveillance/review of the rating from time to time, based on circumstances warranting such review, subject to at least one such review/surveillance every year. 1Complete definitions of the ratings assigned are available at www.careratings.com and in other CARE Ratings Ltd.’s publications. CARE Ratings Limited T-3, Manchester Square, 3rd Floor, No: 14, Corporate Office :4th Floor, Godrej Coliseum, Puliakulam Road, Coimbatore - 641037 Somaiya Hospital Road, Off Eastern Express Phone: +91-422-433 2399/ +91-422-450 2399 Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 Page 1 of 5 5. CARE Ratings Ltd. reserves the right to revise/reaffirm/withdraw the rating assigned as also revise the outlook, as a result of periodic review/surveillance, based on any event or information which in the opinion of CARE Ratings Ltd. warrants such an action. In the event of failure on the part of the entity to furnish such information, material or clarifications as may be required by CARE Ratings Ltd. so as to enable it to carry out continuous monitoring of the rating of the bank facilities, CARE Ratings Ltd. shall carry out the review on the basis of best available information throughout the life time of such bank facilities. In such cases the credit rating symbol shall be accompanied by “ISSUER NOT COOPERATING”. CARE Ratings Ltd. shall also be entitled to publicize/disseminate all the afore- mentioned rating actions in any manner considered appropriate by it, without reference to you. 6. Our ratings do not take into account the sovereign risk, if any, attached to the foreign currency loans, and the ratings are applicable only to the rupee equivalent of these loans. 7. Our ratings do not factor in any rating related trigger clauses as per the terms of the facility/instrument, which may involve acceleration of payments in case of rating downgrades. However, if any such clauses are introduced and if triggered, the ratings may see volatility and sharp downgrades. 8. Users of this rating may kindly refer our website www.careratings.com for latest update on the outstanding rating. 9. CARE Ratings Ltd. ratings are not recommendations to sanction, renew, disburse or recall the concerned bank facilities. If you need any clarification, you are welcome to approach us in this regard. Thanking you, Yours faithfully, Ragavilashini Muralikrishnan Naveen S Lead Analyst Associate Director ragavilashini.m@careedge.in naveen.kumar@careedge.in Encl.: As above CARE Ratings Limited T-3, Manchester Square, 3rd Floor, No: 14, Corporate Office :4th Floor, Godrej Coliseum, Puliakulam Road, Coimbatore - 641037 Somaiya Hospital Road, Off Eastern Express Phone: +91-422-433 2399/ +91-422-450 2399 Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 Page 2 of 5 Disclaimer This disclaimer pertains to the ratings issued and content published by CARE Ratings Limited (“CareEdge Ratings”). Ratings are opinions on the likelihood of timely payment of the obligations under the rated instrument and are not recommendations to sanction, renew, disburse, or recall the concerned bank facilities or to buy, sell, or hold any security. Any opinions expressed herein are in good faith and are subject to change without notice. The rating reflects the opinions as on the date of the rating. A rating does not convey suitability or price for the investor. The rating agency does not conduct an audit on the rated entity or an independent verification of any information it receives and/or relies on for the rating exercise. CareEdge Ratings has based its ratings/outlook on the information obtained from reliable and credible sources. CareEdge Ratings does not, however, guarantee the accuracy, adequacy, or completeness of any information and is not responsible for any errors or omissions and the results obtained from the use of such information. The users of the rating should rely on their own judgment and may take professional advice while using the rating in any way. CareEdge Ratings shall not be liable for any losses that user may incur or any financial liability whatsoever to the user of the rating. The use or access of the rating does not create a client relationship between CareEdge Ratings and the user. 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However, if any such clauses are introduced and triggered, the ratings may see volatility and sharp downgrades. CareEdge Ratings has established policies and procedures as required under applicable laws and regulations which are available on its website. Privacy Policy applies. For Privacy Policy please refer to https://www.careratings.com/privacy_policy © 2026, CARE Ratings Limited. All Rights Reserved. This content is being published for the purpose of dissemination of information required as per applicable law and regulations and CARE Ratings Limited holds exclusive copyright over the same. Any reproduction, retransmission, modification, derivative works or use or reference to the contents, in whole, in part or in any form, is prohibited except with prior express written consent from CARE Ratings Limited. CARE Ratings Limited T-3, Manchester Square [Showing first 8,000 characters — download PDF for full document]