Intimation of Credit Rating.

JSi}) MA€HAMAYE stTEEL INDUSTRIES LIMITED CIN : L27107CT1988PLC004607 IS 2062:2011 ISO 9001:2015 REGD. OFFICE & WORKS : Phone : 0771 4910058 B/8-9, Sector-C, Sarora, 091099 88271 Urla Industrial Complex, oN ip E-mail : marketing@mahamayagroup.in Raipur-493 221 Chhattisgarh MS] Website : www.mahamayagroup.in Ref: MSIL/2026-27/ Date: 23.06.2026 The Secretary, Listing Department The Manager BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5“ Floor, Plot No. C/1 Dalal Street, G Block, Bandra-Kurla Complex,Bandra (E) Mumbai — 400 001 Mumbai — 400 001 Maharashtra, India Maharashtra, India Scrip Code: 513554 Symbol: MAHASTEEL Sub: Intimation of Assignment of Credit Rating for Bank Facilities pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to the Regulation 30 read with Para A, Part A of Schedule III of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that Brickwork Ratings India Private Limited, Credit Rating Agency has assigned the credit rating to the Bank Facilities of Mahamaya Steel Industries Limited (“the Company”). The details are given below: Instrument/Facilities Amount (Rs Crores) Rating Rating Action Long Term Bank | 51.47 BWR BBB +/ Stable Assigned Facilities Fund Based Short Term-Non Fund | (15.00) BWR A2 Assigned Based The said information will also be uploaded on the website of the company www.mahamayagroup.in. Kindly take the above information on your record. Thanking You, Yours truly, 3 For, Mahamaya Steel Indust Jaswinder Kaur Mission Company Secretary & Conrpliance- Officer M.No. FCS 7489 APPROVED SUPPLIER OF : BSP BHEL, DGS&D, DMRC, SAIL, RIL, NTPC, SEBs, RDSO, CORE, ONGC, GAIL, EIL MANUFACTURERS : JOIST, CHANNEL, ANGEL, FLAT, ROUND, CROSSING SLEEPER BAR, BLOOM, BILLET etc. BRIC KWIORK ™ Brickwork Ratings India Private Limited ' Licensed by SEBL Accredited by RBI. RATINGS A=30, 5th Floor, 5A, Technopolis Knowledge Park Mahakali Caves Road, NR Udyog Bhavan Chakala, Andheri (E), Mumbai - 400 093 BWR/BLR/MUM/SRC/NKR/2297/2026-27 22Jun2026 Mr. Rajesh Agrawal Managing Director Mahamaya Steel Industries Limited B/8-9, Sector-C, Urla Industrial Complex, Sarora, Raipur — 493221 (Chhattisgarh) Landmark: Near Jhabak Pertrol Pump, Ring Rd Number 2, Raipur Dear Sir, Sub: Rating of the Bank Loan Facilities of Mahamaya Steel Industries Limited amounting to Rs.51.47 Crs. (Rupees Fifty One Crores and Forty Seven lakhs Only). Thank you for giving us an opportunity to rate the bank loan facilities sanctioned to your Company. Based on the information and clarifications provided by you, Brick Work Ratings is pleased to assign the following ratings to Mahamaya Steel Industries Limited's bank loan facilities aggregating Rs.51.47 Crs as follows: Fund Based Cash Credit -Sanctioned 50.00 Long Term BWR BBB+ /Stable Assignment GECL 2.0 -Out-standing 01.47 Sub Total 51.47 Non-Fund Based Sub- Limit (LC/BG) -Sanctioned (15.00) Short Term BWR a2 Assignment Grand Total 51.47 (Rupees Fifty One Crores and Forty Seven lakhs Only) #Please refer to BWR website www.brickworkratings.com for definition of the ratings assigned **Bank Loan facility details are furnished in Annexure-I *** The outstanding balance of GECL (sanctioned Rs. 7.00 Crore) 1.47 Crore as on 2nd June 2026 The ratings assigned as above are valid for twelve months from the date of communication, publication of rating rationale dated 22 June 2026 , subject to the terms and conditions that were agreed upon in your mandate dated 23 Mar 2026 and any other relevant correspondence, if any. Brickwork Ratings’ standard disclaimer is appended at the end of this letter. CC, UCO Bank, Raipur. Brick Work Ratings will monitor the rated bank loan facilities throughout the validity period. Please submit the information detailed in Annexure-II on a info@brickworkratings.com CIN: U67190KA2007PTCO043591 www.brickworkratings.com Brickwork Ratings india Private Limited BRICKWORK' Licensed by SEBL Accredited by RBI. A=30, 5th Floor, 54, Technopolis Knowledge Park RATINGS Mahakali Caves Road, NR Udyog Bhavan Chakala, Andheri (E), Mumbai - 400 093 regular basis, as it is required for ongoing surveillance and review. Inform us promptly if any developments arise that could affect your company's financial performance. Non submission of No Default Statement (NDS) on a monthly basis, will result in publishing your Company's name on our website under "NDS not submitted”. Please note that on non-submission of NDS for consecutive 3 months or BWR’s inability to validate your timely debt servicing through any other source, your rating will be migrated to Issuer Not Co-operative (INC) category within 5 working days from three consecutive months of non-submission of NDS. BWR may in its judgement migrate your rating to INC category before the expiry of three consecutive months of non-receipt of NDS. Rating Rationale issued by us in this regard is enclosed for your information. We are also endorsing a copy of this letter along with a copy of the said Rating Rationale to your bankers for their information and records. We look forward to your cooperation in maintaining the transparency and integrity of the rating process. Best Regards, Niro Matte Niraj Kumar Rathi Senior Director Ratings Note: Rating Rationale of all accepted ratings are published on the Brickwork Ratings website. Please refer to our website at www.brickworkratings.coImf you cannot view the rationale, inform us at brickworkhelp@brickworkratings.com. info@brickworkratings.com CIN: U67190KA2007PTCO043591 www.brickworkratings.com BRI C KWIORK ™ Brickwork Ratings India Private Limited ' Licensed by SEBL Accredited by RBI. RATINGS A=30, 5th Floor, 5A, Technopolis Knowledge Park Mahakali Caves Road, NR Udyog Bhavan Chakala, Andheri (E), Mumbai - 400 093 Mahamaya Steel Industries Limited Annexure-I Details of Bank Loan Facilities Rated by BWR Cash Credit-Sanctioned 50.00 Sui>-Limit (LC/BG) -Sanctioned Long Term (15.00) UCO Bank : , GECL 2.0-Out-standing Long Term 1.47 TOTAL (Rupees Fifty One Crores and Forty Seven lakhs Only) 51.47 * The outstanding balance of GECL (sanctioned Rs. 7.00 Crore) 1.47 Crore as on 2nd June 2026 info@brickworkratings.com CIN: U67190KA2007PTCO043591 www.brickworkratings.com BRICKWORK’ Brickwork Ratings India Private Limited Licensed by SEBL Accredited by RBI. RATINGS A=30, 5th Floor, 5A, Technopolis Knowledge Park Mahakali Caves Road, NR Udyog Bhavan Chakala, Andheri (E), Mumbai - 400 093 Mahamaya Steel Industries Limited Annexure-IT The following documents/ information should be submitted to BWR: . Confirmation that the Company has fully complied with the term and conditions of the sanction letter. . Certified copies of periodical Inventories, book debts, and bills receivable statements submitted to the bank. . Confirmation about payment of instalment and interest upon payment. Schedule of Term Loan instalments and interest due, along with payments made to date. . Certified copies of Quarterly Information Statements (QIS) and Half Yearly Information Statements (HYIS) submitted to the bank. Certified copies of Quarterly Financial Statements (QFS) for the current fiscal year . Certified copies of the Banks’ Statements of Accounts every quarter. . Quarterly / Half: yearly financial statements (unaudited or with limited review) and Annual financial statements (provisional as well as audited). 9. Information on any delays or defaults in servicing bank loans, letters of credit, letters of guarantee, NCDs, bonds and other borrowings, by the Company as at the end of March, June, September and December each year. 10. Information on any delays or defaults in debt obligations of subsidiaries or other group companies, at the end of March, June, September and December each year. 11. Certified copies of the monthly/quarterly book debt and receivable statements submi [Showing first 8,000 characters — download PDF for full document]