Intimation regarding updates in Credit Rating of the company

Arfin India Limited July 31, 2026 BSE Limited National Stock Exchange of India Ltd Corporate Relation Department The Manager, Listing Department Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, C- 1, Block Dalal Street, Mumbai - 400001 G, Bandra -Kurla Complex, Bandra (E), Maharashtra, India. Mumbai - 400051 BSE Scrip Code: 539151 NSE Symbol: ARFIN Subject: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("SEBI Listing Regulations") Dear Sir I Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that CRISIL Ratings Limited, vide its rating release dated July 29, 2026, has issued an updated Credit Rating Letter for Arfin India Limited. The credit ratings remain unchanged. However, the annexure to the rating release has been updated to reflect the revised bank-wise details of various facility classes (outstanding facilities). The ratings continue to be same as below: Rating Actions: Total bank Loan Facilities rated Rs. 129.21 Crores Long Term rating CRISIL BBB/ Stable Short Term rating CRISILA3+ A copy of the updated rating letter received from CRISIL Ratings Limited is enclosed herewith for your reference and record. The above rating communication was received by the Company on July 31, 2026 at 13.05 p.m. (IST). This is for your information and records. Thanking you, Yours faithfully, For, Arfin India Limited Natanya Kasaudhan CS & Compliance Officer Mem No.: A75915 Registered & Corpol'ate Office : Plant I Factory : Plot No. 117, Ravi Industrial Estate, Plot No. 11811,2,3,4 & 117 I 3,6,7, Ravi Industrial Estate, B/h. Hotel Prestige, Bileshwarpura. Chhatral, B/h. Hotel Prestige, Bileshwarpura, Chhatral, Tai. -Kaloi, Dist. -Gandhinagar -382729, Gujarat, India. Tai. -Kaloi, Dist. -Gandhinagar -382729, Gujarat, India. Ph.: +91-2764-232621 Fax: +91-2764-232620 Ph. : +91-2764-232620 Email : info@arfin.co.in Fax: +91-2764-232620 CIN No.: L65990GJ1992PLC017460 Crisil Ratings CONFIDENTIAL RIJGDS 1368/401106/BLR/0726/154666 July 30, 2026 Mr. Subham Jain Director Arfin India Limited Plot No. 117, Ravi Industrial Estae, Behind Prestige Hotel, Billeshwarpura, Chhatral, Gandhi Nagar, Kalol, Chhatral Gandhinagar -382729 9725611940 Dear Mr. Subham Jain, Re: C1isil Ratings on the bank facilities of Arfin India 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 instmments/facilities of the company as on date. Total Bank Loan Facilities Rated Rs.129.21 Crore Long Term Rating Crisil BBB/Stable Short Term Rating CrisilA3+ (Bank-wi.se details as per Annexure 1) 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 infomiation, or wiavailability of infomiation, or other circwnstances which Crisil Ratings believes may have an inlpact on the ratings. Please visit \¥Ww.crisilratings.com and search with the name of the rated entity to access the latest rating/s Crisil Ratings products I activities or ratings of instnuuents other than secmities that are listed or proposed to be listed may fall tmder the purview of financial sector regulators (FSRs) other than SEBI. In respect of such products I activities or ratings (under the purview of other FSRs such as Reserve Ba11k of India (RBI), Ministry of Corporate Affairs (MCA), Instll'ance Regulatory and Development Authority of India (IRDAI), among others), the grievance I dispute redressal and investor protection mechanisms available tmder SEBI regulations shall not be applicable. A list of products/activities or ratings of instrwnents falling wider 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 reniain 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 wann regards, Yours sincerely, Disclaimer: A rating by Crisil Ratings renects 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 I 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 I users I transmitters I 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 Gustomer Service Helpdesk at Crisilrati es~ crisil.com or at 1800-267-JBf>O Crisil Ratings Limited Corporate Identity Number: U671 QOM H2019PLC326247 Registered Office: Ughtbridge IT Park, Saki Vihar Road,Andheri East, Mumbai 400 072, India. Phone: +91226137 3000 I www.crisilratings.com a company of S&P Global Crisil Ratings ~- ".. . Nilesh Aga1wal Nivedita Shibu 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 State Bank of India 4.5 Crisil A3+ 2 Cash Credit YES Bank Limited 39 Crisil BBB/Stable 3 Cash Credit Standard Chattered Bank 13.7 Crisil BBB/Stable 4 Cash Credit State Bank of India 30 Crisil BBB/Stable 5 Overdraft Facility IDBI Bank Limited 2 Crisil BBB/Stable Proposed Working Capital -- 6 13.32 Crisil BBB/Stable Facilitv 7 Tenn Loan Tata Capital Limited 0.63 Crisil BBB/Stable 8 Tenn Loan Standard Chartered Bank 1.42 Crisil BBB/Stable 9 Tenn Loan Shinhan Bank 8 Crisil BBB/Stable 10 Tenn Loan State Bank of India 1.81 Crisil BBB/Stable 11 Tenn Loan Bajaj Finance Limited 3.83 Crisil BBB/Stable 12 Tenn Loan YES Bank Limited 11 Crisil BBB/Stable Total 129.21 Disclaimer: A rating by Crisil Ratings renects 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 I 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 [Showing first 8,000 characters — download PDF for full document]