Credit Rating- Others

REF: MGEL/CS/SE/2026-27/61 Date: October 30, 2026 To, To, Listing Compliance Department, Listing Department 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- 400001 NSE Symbol: MGEL (EQ) BSE Scrip Code: 544273 ISIN: INE0APB01032 Subject: Rating Update Ref : Our earlier Rating submission letter MGEL/CS/SE/2026-27/39, dated 05.08.2026 Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, read together with the circulars and notifications issued thereunder (“Listing Regulations”), we hereby inform that Infomerics Ratings has issued press release of rating on October 29, 2026 as under:- Particulars Details Total Bank Loan Rs. 248.45 Crore Facilities Rated IVR BBB / Negative; ISSUER NOT COOPERATING* Long Term Rating (Rating Reaffirmed; migrated to ISSUER NOT COOPERATING category and Outlook revised to Negative from Positive) IVR A3+; ISSUER NOT COOPERATING* Short Term Rating (Rating Reaffirmed; and migrated to ISSUER NOT COOPERATING category) Further, we would like to inform that the Company's active credit rating has been assigned by Acuité Ratings & Research Limited on August 04, 2026. Thanking You, Yours Faithfully, For, Mangalam Global Enterprise Limited Karansingh I. Karki Company Secretary & Compliance Officer Mem. No. A30021 Mangalam Global Enterprise Limited CIN: L24224GJ2010PLC062434 Regd. Office: 101, Mangalam Corporate House, 42, Shrimali Society, Netaji Marg, Mithakhali, Navrangpura, Ahmedabd-380009, Gujarat (INDIA) Tel: +91 79 61615000 (10 Lines) E mail: cs@groupmangalam.com; Website: www.groupmangalam.com;