Credit Rating

Shilpa Medicare Limited Corporate & Admin Office: “Shilpa House”, # 12-6-214/A-1, Hyderabad Road, Raichur – 584 135, Karnataka, India Tel: +91-8532-238704, Fax: +91-8532-238876 Email: info@vbshilpa.com, Web: www.vbshilpa.com CIN: L85110KA1987PLC008739 Date: 16 July 2026 Corporate Relationship Department, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Plot No.C/1, G Block Dalal Street, Fort, Bandra Kurla Complex, Bandra (E) Mumbai-400 001 Mumbai-400 051 Stock Code: NSE: SHILPAMED/BSE-530549 Dear Sir/Madam, Sub: Intimation of Revision in Credit Rating of Shilpa Biologicals Private Limited, a Material Subsidiary of Shilpa Medicare Limited by India Ratings and Research Pvt Ltd (Fitch Group) Pursuant to Regulations 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘the Regulation’), please find below the details of the revision in credit rating issued by India Ratings and Research Pvt. Ltd (Fitch Group) for Shilpa Biologicals Private Limited, a Material Subsidiary of Shilpa Medicare Limited: The instrument-wise ratings are given below: Shilpa Biologicals Private Limited Instrument Regulator of Size of Issue Rating assigned along with Rating Action Type Instruments (million) Outlook/ Watch Bank loan RBI INR1,250 IND A+/Stable/IND A1+ Assigned facilities The said rating is available on the website: https://www.indiaratings.co.in/pressrelease/vvcjm5z7lelcs9xccylo0oms This is for your information and records. For SHILPA MEDICARE LIMITED Ritu Tiwary Company Secretary & Compliance Officer