Credit Rating- Revision

AYE FINANCE LIMITED (formerly known as AYE FINANCE PRIVATE LIMITED) CIN: L65921DL1993PLC283660 November 11, 2026 BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai – 400001 Mumbai – 400051 Scrip Code: 544699 Symbol: AYE Sub.: Intimation for upgradation in Credit Rating of the Company under SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Dear Sir/Ma’am, Pursuant to Regulations 30 & 51 read with Schedule III of SEBI Listing Regulations, we wish to inform that ICRA Limited (ICRA) vide its letter dated November 11, 2026 has upgraded the rating for various credit facilities availed/to be availed by the Company as detailed below: Sr. Instrument Type Size of Issue Previous Rating Revised Rating Rating Action No. (Rs. in Crores) with Outlook with Outlook 1. Non-Convertible 400 [ICRA] A [ICRA] A+ Debentures* (Stable) (Stable) 2. Bank Loan Facilities 650 [ICRA] A [ICRA] A+ Upgraded (Stable) (Stable) Total 1,050 *Not issued yet Copy of the aforesaid letter received from ICRA is enclosed herewith. The above is for your information, records and dissemination. Thanking you. Yours faithfully, For Aye Finance Limited (formerly known as Aye Finance Private Limited) (Anuj Jain) Company Secretary & Compliance Officer Corp. Office: Unit No. -701-711, 7th Floor, Unitech Commercial Tower-2, Sector-45, Arya Samaj Road, Gurugram – 122003, Haryana, India Registered Office: M-5, Magnum House-I, Community Centre, Karampura, West Delhi, New Delhi -110015, India Ph: 0124-4844000; e-mail: corporate@ayefin.com; website: www.ayefin.com ICRA/Aye Finance Limited/11112026/1 Date: November 11, 2026 Mr. Gaurav Seth Chief Financial Officer Aye Finance Limited 7th Floor, Unitech Commercial Tower- 2 Sector- 45, Gurgaon, Haryana – 122003 Dear Sir, Re: ICRA's Credit Rating for below mentioned Instruments of Aye Finance Limited As per the Rating Agreement/Statement of Work executed with ICRA Limited, ICRA’s Rating Committee has taken the following rating actions for the mentioned instruments of your company. Instrument Rated Amount (Rs. Crore) Rating Action1 Financial Sector Regulator# [ICRA]A+ (Stable); upgraded Non-convertible Debenture 400.00 SEBI from [ICRA]A (Stable) Total 400.00 #SEBI’s grievance redressal/dispute resolution and SEBI investor protection mechanisms such as SCORES and ODR shall not be available for activities and instruments which fall under the regulatory purview of Financial Sector Regulators other than SEBI. Once the instrument is issued, the rating is valid throughout the life of the captioned programme until withdrawn. However, ICRA reserves the right to review and/or, revise the above rating(s) at any time based on new information becoming available, or the required information not being available, or other circumstances that ICRA believes could have an impact on the rating(s). Therefore, request the lenders and investors to visit ICRA website at www.icra.in for latest rating(s) of the company. The rating(s) are specific to the terms and conditions of the instruments as indicated to us by you, and any change in the terms or size of the same would require a review of the rating(s) by us. In case there is any change in the terms and conditions or the size of the rated instrument, the same must be brought to our notice before the instrument is used by you. In the event such changes occur after the rating(s) have been assigned by us and their use has been confirmed by you, the rating(s) would be subject to our review, following which there could be a change in the rating(s) previously assigned. Notwithstanding the foregoing, any change in the over-all limit of the instrument from that specified in this letter, would constitute an enhancement that would not be covered by or under the said Rating Agreement. The rating(s) assigned must be understood solely as an opinion and should not be treated, or cause to be treated, as recommendation to buy, sell, or hold the rated Non-convertible Debenture availed/issued by your company. You are also requested to forthwith inform us about any default or delay in repayment of interest or principal amount of the instrument rated, as above, or any other debt instruments/ borrowing and keep us informed of any other developments which may have a direct or indirect impact on the debt servicing capability of the company including any proposal for re- schedulement or postponement of the repayment programmes of the dues/ debts of the company with any lender(s) / investor(s), or occurrence of any significant development that could impact the ability of the company to raise funds such as restriction imposed by any authority from raising funds through issuance of debt securities through electronic bidding system. Further, you are requested to inform us immediately as and when the borrowing limit for the instrument rated, as above, or as prescribed by the regulatory authority(ies) is exceeded. 1Complete definitions of the ratings assigned are available at www.icra.in ICRA Limited Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel. +91-11-23357940-41 Building No. 8, 2nd floor, Tower A, DLF Cyber City, Phase II, Gurugram-122002 www.icra.in info@icraindia.com +91-93547-38909 +0124-4545300 CIN: L74999DL1991PLC042749 Sensitivity Label : Restricted In line with SEBI Circular No. SEBI/HO/DDHS/DDHS-PoD-3/P/CIR/2024/160 dated November 18, 2024, issuers are encouraged to utilize the penny-drop verification service as provided by banks. This measure is intended to prevent payment failures when disbursing principal and/or interest to respective investors or debenture holders. Penny-drop verification serves as an efficient method for confirming the bank account details of persons designated to receive payments. Once an account has been verified through this facility, it can be used for subsequent transactions related to interest and principal payments, thereby ensuring successful remittance and avoiding failure. We look forward to your communication and assure you of our best services. With kind regards, Yours sincerely, For ICRA Limited Deep Inder Singh Vice President deep.singh@icraindia.com Sensitivity Label : Restricted Annexure ISIN Instrument name Amount rated (Rs. crore) Rating To be issued Non-convertible debenture 400.00 [ICRA]A+ (Stable) Source: Company Sensitivity Label : Restricted ICRA/Aye Finance Limited/11112026/2 Date: November 11, 2026 Mr. Gaurav Seth Chief Financial Officer Aye Finance Limited 7th Floor, Unitech Commercial Tower- 2 Sector- 45, Gurgaon, Haryana – 122003 Dear Sir, Re: ICRA's Credit Rating for below mentioned Instruments of Aye Finance Limited As per the Rating Agreement/Statement of Work executed with ICRA Limited, ICRA’s Rating Committee has taken the following rating actions for the mentioned instruments of your company. Instrument Rated Amount (Rs. Crore) Rating Action1 Financial Sector Regulator# Long Term Bank Facilities 650.00 [ICRA]A+ (Stable); upgraded RBI from [ICRA]A (Stable) Total 650.00 #SEBI’s grievance redressal/dispute resolution and SEBI investor protection mechanisms such as SCORES and ODR shall not be available for activities and instruments which fall under the regulatory purview of Financial Sector Regulators other than SEBI. The aforesaid rating(s) will become due for surveillance within one year from the date of rating communication letter. However, ICRA reserves the right to review and/or, revise the above rating(s) at any time based on new information becoming available, or the required information not being available, or other circumstances that ICRA believes could have an impact on the rating(s). Therefore, request the lenders and investors to visit ICRA website at www.icra.in for latest rating(s) of the company. The rating(s) are specific to the terms and conditions of the instruments as indicat [Showing first 8,000 characters — download PDF for full document]