Credit Rating

Sec/Steels/012/FY 2026-27 Date: 18/06/2026 The Secretary The Manager BSE Limited National Stock Exchange of India Limited New Trading Wing, Exchange Plaza, C-1, Block “G” Rotunda Building, 5th floor, Bandra Kurla Complex, PJ Tower, Dalal Street, Bandra East, Mumbai- 400001 Mumbai- 400051 Scrip code: 539044 Symbol: MANAKSTEEL Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Credit Rating. Dear Sir/Madam, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that ICRA Limited (“Credit Rating Agency”) has assigned the ratings to bank facilities of Manaksia Steels Limited, as under:- Facilities/ Instruments Amount Rating Rating Action (Rs. In Crores) Long term-Fund Based - working capital limits 60.00 [ICRA] A (Stable) Assigned Short Term-Non Fund Based-Others 440.00 [ICRA] A1 Assigned Please refer to the enclosed letter received from ICRA Limited for details. Kindly take this on record. Thanking you, Yours faithfully, For Manaksia Steels Limited Ajay Sharma Company Secretary Encl: as above ICRA Limited ICRA/Manaksia Steels Limited/18062026/01 Date: June 18,2026 Mr. Varun Agrawal Managing Director Manaksia Steels Limited TURNER MORRISON BUILDING, 6 LYONS RANGE 1ST FLOOR, Kolkata, KOLKATA, West Bengal, India, 700001 Dear Sir, Re: ICRA’s Credit Rating for below mentioned Instruments of Manaksia Steels Limited As per the Rating Agreement/Statement of Work executed with ICRA Limited, ICRA’s Rating Committee has taken the following rating actions for the mentioned instruments of your company. Rated Amount Instrument Rating Action1 (Rs. crore) Long term-Fund Based - working capital limits 60.00 [ICRA]A (Stable); assigned Short Term-Non Fund Based-Others 440.00 [ICRA]A1; assigned Total 500.00 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 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. 1 Complete definitions of the ratings assigned are available at www.icra.in. BuilSdeinngs Nitoiv. i8ty, 2 Lnad bFelolo :r ,R Teoswterirc Ate d Tel.: +91.124 .4545300 Website: www.icra.in DLF Cyber City, Phase II CIN: L749999DL1991PLC042749 Email: info@icraindia.com Gurugram – 122002, Haryana Helpdesk: +91 9354738909 Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel.: +91.11.23357940-41 RATING ● RESEARCH ● INFORMATION With kind regards, Yours sincerely, For ICRA Limited Prashant Vasisht Senior Vice President and Co Group head prashant.vasisht@icraindia.com Sensitivity Label : Restricted Annexure Details of Bank Limits Rated by ICRA Amount (Rs. crore) Rating Rating Assigned On (Rated on Long-Term Scale) Fund Based- working capital limits HDFC Bank 10.00 AXIS Bank 15.00 ICICI Bank 15.00 [ICRA]A (Stable) June 16,2026 IDBI Bank 15.00 YES BANK 5.00 Total 60.00 Details of Bank Limits Rated by ICRA Amount (Rs. crore) Rating Rating Assigned On (Rated on Short-Term Scale) Non-Fund Based - Others HDFC Bank 135.00 AXIS Bank 125.00 ICICI Bank 60.00 [ICRA]A1 June 16,2026 IDBI Bank 40.00 YES BANK 80.00 Total 440.00 Sensitivity Label : Restricted