Credit Rating

CIN - L51494PB2008PLC032059 MONTE CARLOZ It's the way yo make me feel MONTE CARLO FASHIONS LIMITED Regd. Office : B-XXIX-106, G.T. Road, Sherpur, Ludhiana - 141003 (Pb.) India. Tel.: 91-161-5048610, 5048620, 5048630, 5048640 Fax : 91-161-5048650 MCFL/CS/2026-27 July 25, 2026 National Stock Exchange of India Limited BSE Limited. Exchange Plaza, 5" Floor, Plot No. C/1, Phiroze Jeejeebhoy Tower, G-Block, Bandra-Kurla Complex, Bandra (E), Dalal Street, Mumbai-400051 Mumbai-400001. Symbol: MONTECARLO Scrip Code: 538836 Sub: Intimation of Credit Rating under Regulation 30 of the SEBI (Listing Obligations and Disclosure Re ments) Regulations, 2015 Pursuant to Regulation 30 read with Part A of Schedule Il of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we hereby inform you that CRISIL Ratings Limited has reaffirmed the credit rating assigned to Monte Carlo Fashions Limited, as detailed below: Facilities Ratings Remarks Bank Loan Facilities | CRISIL AA-/Stable Reaffirmed Commercial Paper CRISILA1+ Reaffirmed A copy of the Credit Rating Letter received from CRISIL Ratings Limited, including all requisite details, is enclosed herewith. Kindly take the above information on your records. Thanking You, Yours faithfully, For MONTE CARLO FASHIONS LIMITED ANKUR g GAUBA W53 ANKUR GAUBA COMPANY SECRETARY AND COMPLIANCE OFFICER 1CSI MEMBERSHIP NO. : F10577 Visit us at :- www.montecarlocorporate.com E-mail : info@montecarlo.in Crisil CONFIDENTIAL Ratings RL/MTCENL/400543/BLR/0726/154000 July 23,2026 Mr. R K Sharma Chief Financial Officer Monte Carlo Fashions Limited B-XXIX-106, G.T. Road, Sherpur, Ludhiana Ludhiana - 141003 9815255886 Dear Mr. R K Sharma, Re: Review of Crisil Ratings on the bank facilities of Monte Carlo Fashions 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.430 Crore Long Term Rating Crisil AA-/Stable (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 oft his 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:/Avww 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, = . N Pallavi Singh Nivedita Shibu Disclaimer. A rafing by Crisil Ratings reflects Crisil Rafings current opinion on the likelihood of fimely 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 notr esponsible for any errors and especially States that it has no financial liability whatsoever to the subscribers/ users /transmitters / distributors ofi ts ratings. Crisil Ratings’criteria are available without charge o the public on the web site, v crisilsatings com. Crisil Ratings or its associates may have other commercial transactions with the company/entity. For the latest rating information on_any_insirument_of any company rated by Crisil Ratings, please visit www.crisilratingscom or confact Customer Service Helpdesk at Crisilratingdesk@crisil.com o at 1800-267-3850 Crisil Ratings Limited Corporate Identity Number: U67100MH2019PLC326247 Registered Office: Lightbridge IT Park, Saki Vihar Road, Andheri East, Mumbai 400 072, India. Phone: +91 226137 3000 | www.crisilratings.com acompany of S&P Global Crisil Associate Director - Crisil Ratings Director - Crisil Ratings Ratings Disclaimer. A rafing by Crisil Ratings reflects Crisil Rafings current opinion on the likelihood of fimely 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 bu/ syell o hold the rated instrument; it does not comment on the market price or suitabilty for a particular investor. Crisil Ratings has a practice of keeping all s 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 ofi ts ratings. Crisil Ratings’criteria are available without charge o the public on the web site, v crisilsatings com. Crisil Ratings or its associates may have other commercial transactions with the company/entity. For the latest rating information on_any_insirument_of any company rated by Crisil Ratings, please visit www.crisilratingscom or confact Customer Service Helpdesk at Crisilratingdesk@crisil.com o at 1800-267-3850 Crisil Ratings Limited Corporate Identity Number: U67100MH2019PLC326247 Registered Office: Lightbridge IT Park, Saki Vihar Road, Andheri East, Mumbai 400 072, India. Phone: +91 226137 3000 | www.crisilratings.com acompany of S&P Global Crisil Ratings Annexure 1 - Bank-wise details of various facility classes (outstanding facilities) - Amount (Rs. . . S.No. | Bank Facility Bank in Crore) Outstanding Rating 1 Fund-Based Faci The Federal Bank Limited 75 Crisil AA-/Stable 2 Fund-Based Facilities State Bank of India 225 Crisil AA-/Stable 3 Fund-Based Facilities HDFC Bank Limited 75 Crisil AA-/Stable 4 Fund-Based Facilities ICICI Bank Limited 55 Crisil AA-/Stable Total 430 I.Includes Rs. 25 cr as a sub limit forLC. 2. Includes Rs. 30 cr as a sub limit for LC, Rs.1 [Showing first 8,000 characters — download PDF for full document]