Credit Rating

Date: 09/11/2026 The Manager The Manager Listing Compliance Department Listing Compliance Department The National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot C/1 Block, P. J. Towers, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai 400001. Mumbai 400051. NSE Symbol: SPECTRUM Script Code: 544386 ISIN: INE01EO01010 Series: EQ Sub.: Intimation regarding CRISIL Credit Rating on Enhancement of Bank Loan Facilities from Rs. 250 Crore to Rs. 320 Crore Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has received a Credit Rating Letter dated November 6, 2026, from CRISIL Ratings Ltd. regarding the enhancement of the Company's Bank Loan Facilities from Rs.250 Crore to Rs.320 Crore. The details of the ratings assigned by CRISIL Ratings Ltd. are as follows: Total Bank Loan Facilities Rated Rs.320 Crore (Enhanced from Rs.250 Crore) Long Term Rating Crisil A - /Stable Short Term Rating Crisil A2 + The existing credit ratings assigned to the Company have been reaffirmed without any change. We are enclosing herewith a copy of the Credit Rating Letter dated November 6, 2026, received by the Company through email dated November 9, 2026, for your information and records. Thanking you, Yours faithfully, For Spectrum Electrical Industries Limited Rahul Lavane M. No.: A57240 Company Secretary and Compliance Officer Address: Gat No. 139/1 and 139/2, Umale, Jalgaon 425003. Regd. Office : Gat No. 139/1 and 139/2, Umala, Jalgaon, Maharashtra - 425003. Tel.: 0257-2210192 Website : www.spectrum-india.com Email: - info@spectrum-india.com CIN No. L28100MH2008PLC185764 CONFIDENTIAL RL/SPELIL/409257/BLR/1126/163556 November 06, 2026 Mr. Pankaj Rote Chief Financial Officer Spectrum Electrical Industries Limited Gat No. 139/1 and 139/2, Umala, Jalgaon - 425003 8411883404 Dear Mr. Pankaj Rote, Re: Review of Crisil Ratings on the bank facilities of Spectrum Electrical Industries 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, and the rating actions by Crisil Ratings on the ratings as on date. Total Bank Loan Facilities Rated Rs.320 Crore (Enhanced from Rs.250 Crore) Long Term Rating Crisil A-/Stable (Reaffirmed) Short Term Rating Crisil A2+ (Reaffirmed) (Bank-wise details as per Annexure 1) As per our Rating Agreement, Crisil Ratings would disseminate the ratings, along with the outlook, through its publications and other media, and keep the ratings, along with the outlook, under surveillance over the life of the instrument/facility. Crisil Ratings reserves the right to withdraw, or revise the ratings, along with the 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 of the rated entity to access the latest rating/s. In the event of the company not availing the proposed facilities within a period of 180 days from the date of this letter, a fresh letter of revalidation from Crisil Ratings will be necessary. 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, Disclaimer: A rating by Crisil Ratings reflects Crisil Ratings’ current opinion on the likelihood of timely 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 obtained 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 buy / sell 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. Crisil Ratings is not responsible for any errors and especially states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of its ratings. Crisil Ratings’ criteria 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.crisilratings.com or contact Customer Service Helpdesk at Crisilratingdesk@crisil.com or at 1800-267-3850 Rushabh Pramod Borkar Nivedita Shibu Associate Director - Crisil Ratings Director - Crisil Ratings Annexure 1 - Bank-wise details of various facility classes (outstanding facilities) Amount (Rs. S.No. Bank Facility Bank Outstanding Rating in Crore) 1 Bank Guarantee HDFC Bank Limited 0.14 Crisil A2+ 2 Bill Discounting HDFC Bank Limited 1 Crisil A2+ 3 Cash Credit YES Bank Limited 25 Crisil A-/Stable 4 Cash Credit HDFC Bank Limited 40 Crisil A-/Stable 5 Cash Credit YES Bank Limited 30 Crisil A-/Stable 6 Channel Financing State Bank of India 25 Crisil A-/Stable 7 Letter of Credit HDFC Bank Limited 0.21 Crisil A2+ Proposed Working Capital 8 -- 2.34 Crisil A2+ Facility 9 Term Loan YES Bank Limited 51.01 Crisil A-/Stable 10 Term Loan HDFC Bank Limited 100.3 Crisil A-/Stable Working Capital Demand 11 Shinhan Bank 20 Crisil A-/Stable Loan Working Capital Demand 12 HDFC Bank Limited 25 Crisil A-/Stable Loan Total 320 Disclaimer: A rating by Crisil Ratings reflects Crisil Ratings’ current opinion on the likelihood of timely 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 obtained 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 buy / sell 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. Crisil Ratings is not responsible for any errors and especially states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of its ratings. Crisil Ratings’ criteria are available without charge to the public on the web site, www.crisilratings.com. Crisil Ratings or its associates may have [Showing first 8,000 characters — download PDF for full document]