Intimation of Credit Rating assigned by CRISIL Ratings Limited.

" +91 80931 15221 Ca SCAN STEELS LTD. ...coomnmeeion “ CIN : L27209MH1994PLCO76015 | GSTIN : 21AABCMB734H1ZQ www.scansteels.com G608 Date: 05.11.2026 The General Manager-Listing Department of Corporate Services BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001. BSE Code: 511672 Sub: Intimation of Credit Rating assigned by CRISIL Ratings Limited. Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that CRISIL Ratings Limited has assigned/reaffirmed the credit ratings of the Company's bank loan facilities, details of which are given below: Particulars Details Total Bank Loan Facilities Rated X238 Crore Long-Term Rating CRISIL BBB+/Stable Short-Term Rating CRISIL A2 A copy of the credit ratingletter received from CRISIL Ratings Limited is enclosed herewith for your information. The details of the above credit rating are available on the Company's website at www.scansteels.com. We request you to kindly take the above information on record. Thanking You, Yours Faithfully, For SCAN STEELS LIMITED Prabir Kumar Das Company Secretary & Compliance Officer (Membership No.: F6333) Encl.: As above 0 Corporate Off: iTrcishena Nirmalya Registered Office : Office No. 104, 105, E-Square Plot No. 516/1723/3991, 3rd Floor Subhash Road, Vile Parle (East), Mumbai-400057 Patia, Bhubaneswar-751024 Phone : +91-02226185461, +91-02226185462 . s ; | Crins i-l Ratings CONFIDENTIAL RL/SCSLTD/409040/BLR/1026/162165 October 23. 2026 Mr. Kalyan Kiran Mishra Chief Finance Officer Scan Steels Limited Office no-104 & 103, E Square Building. Subash Road, Opp. Havmore, Ice Cream Parlour, Vile Parle (East) Mumbai Mumbai City - 400057 9437027763 Dear Mr. Kalyan Kiran Mishra, Re: Crisil Ratings on the bank facilities of Scan Steels Limited All ratings assigned by Crisil Ratings are kept under continuous surveillance and review. Please find in the table below the ratings outstanding for the debt instruments/facilities of the company as on date. Total Bank Loan Facilities Rated Rs.238 Crore Long Term Rating Crisil BBB+/Stable Short Term Rating Crisil A2 (Bank-wise details as per Annexure [) Crisil Ratings also disseminates the rating on the bank facilities through its website and updates the rating lists on Crisil Ratings’ website on a real time basis. Additionally. the rating lists in its publications such as Rating Scan and BLR Connect are also updated to reflect the latest ratings outstanding on the bank loan facilities. Crisil Ratings reserves the right to withdraw, or revise the ratings/outlook at any time, on the basis of new information, or unavailability of information, or other circumstances which Crisil Ratings believes may have an impact on the ratings. Please visit www.crisilratings.com and search with the name oft he rated entity to access the latest rating/s. Crisil Ratings products / activities or ratings of instruments other than securities that are listed or proposed to be listed may fall under the purview of financial sector regulators (FSRs) other than SEBI. In respect of such products / activities or ratings (under the purview of other FSRs such as Reserve Bank of India (RBI). Ministry of Corporate Affairs (MCA), Insurance Regulatory and Development Authority of India (IRDAI), among others). the grievance / dispute redressal and investor protection mechanisms available under SEBI regulations shall not be applicable. A list of products/activities or ratings of instruments falling under the purview of various FSRs along with the names of respective FSRs has been duly disclosed by Crisil Ratings on its website. A link to the same has been provided below for ready reference: https://www.crisilratings.com/en/home/our-business/ratings/regulatory-disclosures/list-of-activities-instruments-and-names-of- regulators.html This letter will remain valid till March 31, 2027. After this date, please insist for a new rating letter (dated later than March 31, 2027). Should you require any clarification, please feel free to get in touch with us. With warm regards. Yours sincerely. Rishi H\a ri % Nivedita Shibu Associate Director - Crisil Ratings Director - Crisil Ratings [Disclaimer: A rating by Crisil Ratings reflects Crisil Ratings current opinion on the likelihood of imely payment of the obligations under the rated instrument. and does not constitute an audit of the rated entity by Crisil Ratings. Our ratings are based on information provided by the issuer or abtained by Crisil Ratings from sources it considers reliable. Crisil Ratings does not guarantee the completeness or accuracy of the information on which the rating is based. A rating by Crisil Ratings is not a recommendation to bu/ syell or hold the rated instrument: it does not comment on the market price or suitability for a particular investor. Crisil Ratings has a practice of keeping all its ratings under surveillance and ratings are revised as and when circumstances so warrant. Cnisil Rafings is not responsible for any errors and especially states that it has no financial liability whatsoever to the subscribers / users / transmitters /d istributors of its ratings. Cnisil Ratings' cntena are available without charge to the public on the web site. www crisilratings.com. Crisil Ratings or its associates may have other commercial transactions with the company/entity. For the latest rating | information on any instrument of any company rated by Crisil Ratings, please visit www crisilratingscom or contact Customer Service Helpoesk at Cosilratingdesk@cnisil. com or at 1800-267-3850 Crisil Ratings Limited Corporate Identity Number: UB7100MH2019PLC326247 R Pe hg oi ns et :e +re 9d O 2f 2fi 6ce 1: 7L i 3g 0h 0tb 0r i dg Ee aI iT P :a ir nk f, S @a ck ri sV ii lh .a cr R mo a d w, A w.n cd rh ie sr ii rEa as tt i, gM su .m cob ma i - 400 072, India. acompany of — S&P Global Crisil Ratings Annexure 1 - Bank-wise details of various facility classes (outstanding facilities) S.No. | Bank Facility Bank Amount (RS- | 6standing Rating in Crore) ! Bank Guarantee State Bank of India 10 2 Cash Credit Punjab National Bank 50 Crisil BBB+/Stable ! Cash Credit State Bank ofI ndia 70 Crisil BBB+/Stable 4 Proposed Cash Credit Limit - 0.96 Crisil BBB+/Stable 5 Term Loan Punjab National Bank 93.68 Crisil BBB+/Stable 6 | Term Loan State Bank ofI ndia 13.3 Crisil BBB~/Stable Total 238 Annexure: List of instruments and names of regulators of the instruments As required by SEBI CRA Circular dated Feb 10, 2026, a list of activities or instruments falling under the purview ofv arious FSRs, along with the names ofr espective FSRs, is being disclosed below: A, Rating activities Sr.No. | Instrument / activity Name Regulator of the instruments i Listed/Proposed to be listed bonds/debentures/preference share (all securities) SEBI 2 Unlisted/Proposed to be unlisted Bonds/Debentures/ Preference share (all securities) | MCA 3 Listed PTCs / Securitisation Notes (originated by entities regulated by RBI)* $. RBI 4 Listed PTCs / Securitisation Notes (originated by entities not regulated by RBI)* SEBI § Unlisted PTCs / Securitisation Notes (originated by entities regulated by RBI)* RBI 6 Listed Commercial Paper and NCDs with original maturity less than 1 year RBI 7 Unlisted Commercial Paper and NCDs with original maturity less than 1 year RBI 8 Loan Facilities (Fund/Non-Fund Based) from Bank/NBFCs/NHB/FIs * RBI 9 External Commercial Borrowings and other similar borrowings RBI 10 Certificates of Deposit RBI Ila Fixed Deposits raised by NBFCs,HFCs, FIs RBI T1b Fixed Deposits raised by Banks - 12 Fixed Deposits raised by corporates other than NBFCs. Banks. HFCs. Fls MCA 13 Inter Corporate Deposits/Loans extended by Corporates MCA [ Borrowing programme ~ - 15 Issuer Ratings # = 16 Credit Ratings for Capital Protection Oriented Schemes (by Mutal Funds and AIFs) SEBI 17 Credit quality ratings (CQRs) for Mutual Fund Schemes and Schemes of AlFs SEBI 18 Listed Securit [Showing first 8,000 characters — download PDF for full document]