Credit Rating

16th July, 2026 The Manager (Listing), The Manager (Listing), The BSE Ltd. National Stock Exchange of India Ltd. Mumbai Mumbai Company’s Scrip Code: 505700 Company’s Scrip Code: ELECON Sub. : Credit Rating Update Ref. : Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, With reference to the subject referred Regulation, we would like to inform you that we have obtained the updated Credit Rating for Bank Facilities of Rs. 400 crores of the Company from the Credit Rating Agency viz., ICRA Limited (ICRA) vide its Letter Ref. No. ICRA/Elecon Engineering Company Limited/16072026/1 dated 16th July, 2026 as follows:- Particular of Instruments Ratings Rated on Long Term/ Short Term Fund [ICRA]AA (Positive); [ICRA]A1+ Based and Non-fund-based facility Reaffirmed A copy of the letter is enclosed for your reference & record. Thanking you. Yours faithfully, For Elecon Engineering Company Limited, Bharti Isarani Company Secretary & Compliance Officer Encl.: As above ICRA Limited ICRA/Elecon Engineering Company Limited/16072026/1 Date: July 16, 2026 Mr. Chintan Shah Elecon Engineering Company Limited Anand Sojitra Road, Vallabh Vidyanagar -388120, Gujarat, India Dear Sir, Re: Elecon Engineering Company This is with reference to our rating letter dated July 15, 2026and your subsequent e-mail mentioning correcting the name of the CFO dated July 15, 2026. Below are the rating(s) for the revised limits rated by ICRA. Rated Amount Instrument Rating Action1 Financial Sector Regulator# (Rs. crore) Long-term/Short-term- [ICRA]AA(Positive) Fund-based/Non-fund based 400.00 RBI /[ICRA]A1+; Reaffirmed -Others Total 400.00 # grievanceredressal/disputeresolutionandSEBIinvestorprotectionmechanismssuchasSCORESandODRshallnotbeavailableforactivities and instruments which fall under the regulatory purview of Financial Sector Regulators other than SEBI. The other terms and conditions for the credit rating assigned to the aforementioned instrument shall remain the same as communicated earlier vide our letter dated July 15, 2026. We look forward to your communication and assure you of our best services. With kind regards, Yours sincerely, For ICRA Limited Prashant Vasisht Senior VP and Co GH prashant.vasisht@icraindia.com 1Complete definitions of the ratings assigned are available at www.icra.in. BBuuiillddSiinneggn NNsioot..i v88i,,t 22yn LdaFbloeolr ,: TInowteerrn Aal Tel.: +91.124 .4545300 Website: www.icra.in DDLLFF CCyybbeerr CCiittyy,, PPhhaassee IIII CIN: L749999DL1991PLC042749 Email: info@icraindia.com GGuurruuggrraamm 112222000022,, HHaarryyaannaa Helpdesk: +91 9354738909 Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel.: +91.11.23357940-41 RATI NG RESEAR CH INFORMATION Annexure DetailsofBankLimitsRatedby Amount(Rs. RatingAssigned InstrumentName Rating ICRA Crore) On [ICRA]AA(Positive)/ StateBankofIndia Fund/NonFund-basedLimits 170.00 July07,2026 [ICRA]AA(Positive)/ AxisBankLimited Fund/NonFund-basedLimits 70.00 July07,2026 [ICRA]AA(Positive)/ HDFCBankLimited Fund/NonFund-basedLimits 70.00 July07,2026 [ICRA]AA(Positive)/ IDBIBankLimited Fund/NonFund-basedLimits 90.00 July07,2026 Total 400.00 Sensitivity Label : Internal