Credit Rating

RAYMOND REALTY LIMITED RRL/SE/26-27/36 August 03, 2026 The Department of Corporate Services – CRD, National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, 5th Floor, P.J. Towers, Dalal Street, Bandra-Kurla Complex, Mumbai - 400 001. Bandra (East), Mumbai - 400 051. Scrip Code: 544420 Symbol: RAYMONDREL Dear Sir/Madam, Sub: Raymond Realty Limited: Intimation regarding Credit Rating pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ref: Raymond Realty Limited (ISIN: INE1SY401010). Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), please note that CARE Ratings Limited (“CARE”) has assigned the credit ratings on bank facilities of the Company and its wholly owned subsidiaries. In this regard, please find below the ratings for bank facilities of the Company and the rating actions by CARE on the ratings as on date: Raymond Realty Limited: Total Long Term Bank Facilities rated Rs.1,000 Crores Long Term Rating CARE A+; Stable Rating assigned / re-affirmed Reaffirmed Ten X Realty Limited (Wholly Owned Subsidiary): Total Long Term Bank Facilities rated Rs.730 Crores (Enhanced from Rs.500 Crores) Long Term Rating CARE A+; Stable Rating assigned / re-affirmed Reaffirmed Ten X Realty East Limited (Wholly Owned Subsidiary): Total Long Term Bank Facilities rated Rs.500 Crores Long Term Rating CARE A-; Stable Rating assigned / re-affirmed Reaffirmed Ten X Realty West Limited (Wholly Owned Subsidiary): Total Long Term Bank Facilities rated Rs.1,000 Crores Long Term Rating CARE A-; Stable Rating assigned / re-affirmed Reaffirmed The press release issued by rating agency on July 31 2026 received by the Company on August 03, 2026 are attached herewith for your reference. Regd. Offic e: Jekegram, Pokhran Road No.1, Thane (W)- 400 606. CIN: L41000MH2019PLC332934 | Tel.: +91 22 6837 3700 | Website: raymondrealty.in | Email ID: raymondrealty.corporate@raymond.in RAYMOND REALTY LIMITED This information shall also be made available on the website of the Company i.e. www.raymondrealty.in in terms of Regulation 30 and 46 of the SEBI Listing Regulations. Kindly take the same on record and acknowledge. Thanking You, Yours faithfully, For Raymond Realty Limited (formerly known as Raymond Lifestyle Limited) Hiren Sonawala Company Secretary Encl: Press Releases issued by CARE Ratings Limited Regd. Offic e: Jekegram, Pokhran Road No.1, Thane (W)- 400 606. CIN: L41000MH2019PLC332934 | Tel.: +91 22 6837 3700 | Website: raymondrealty.in | Email ID: raymondrealty.corporate@raymond.in No. CARE/PRO/RL/2026-27/1084 Shri Brajesh Palsaniya Chief Treasury Officer Raymond Realty Limited Ground Floor, Pokhran Road No 1, Near Cadbury Junction, Thane Maharashtra 400606 July 31, 2026 Confidential Dear Sir, Credit rating for bank facilities On the basis of recent developments including operational and financial performance of your Company for FY26 (Provisional), our Rating Committee has reviewed the following ratings: Amount Facilities Rating1 Rating Action (₹ crore) Long Term Bank 1,000.00 CARE A+; Stable Reaffirmed Facilities 2. Refer Annexure 1 for details of rated facilities. 3. The rating report for the rating will be communicated to you separately. A write-up (press release) on the above rating is proposed to be issued to the press shortly, a draft of which is enclosed for your perusal as Annexure 2. We request you to peruse the annexed document and offer your comments if any. We are doing this as a matter of courtesy to our clients and with a view to ensure that no factual inaccuracies have inadvertently crept in. Kindly revert as early as possible. In any case, if we do not hear from you by August 04, 2026, we will proceed on the basis that you have no any comments to offer. 4. CARE Ratings Ltd. reserves the right to undertake a surveillance/review of the rating from time to time, based on circumstances warranting such review, subject to at least one such review/surveillance every year. 1Complete definitions of the ratings assigned are available at www.careratings.com and in other CARE Ratings Ltd.’s publications. CARE Ratings Limited 9th Floor, Pride Kumar Senate, Plot No. 970, Corporate Office :4th Floor, Godrej Coliseum, Bhamburda, Senapati Bapat Road, Shivaji Nagar, Somaiya Hospital Road, Off Eastern Express Pune - 411016 Highway, Sion (E), Mumbai - 400 022 Phone: +91-20-4000 9000 Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 Page 1 of 4 5. CARE Ratings Ltd. reserves the right to revise/reaffirm/withdraw the rating assigned as also revise the outlook, as a result of periodic review/surveillance, based on any event or information which in the opinion of CARE Ratings Ltd. warrants such an action. In the event of failure on the part of the entity to furnish such information, material or clarifications as may be required by CARE Ratings Ltd. so as to enable it to carry out continuous monitoring of the rating of the bank facilities, CARE Ratings Ltd. shall carry out the review on the basis of best available information throughout the life time of such bank facilities. In such cases the credit rating symbol shall be accompanied by “ISSUER NOT COOPERATING”. CARE Ratings Ltd. shall also be entitled to publicize/disseminate all the afore- mentioned rating actions in any manner considered appropriate by it, without reference to you. 6. Our ratings do not take into account the sovereign risk, if any, attached to the foreign currency loans, and the ratings are applicable only to the rupee equivalent of these loans. 7. Our ratings do not factor in any rating related trigger clauses as per the terms of the facility/instrument, which may involve acceleration of payments in case of rating downgrades. However, if any such clauses are introduced and if triggered, the ratings may see volatility and sharp downgrades. 8. Users of this rating may kindly refer our website www.careratings.com for latest update on the outstanding rating. 9. CARE Ratings Ltd. ratings are not recommendations to sanction, renew, disburse or recall the concerned bank facilities. If you need any clarification, you are welcome to approach us in this regard. Thanking you, Yours faithfully, Vatsalkumar Jain Sonal Bhageria Lead Analyst Associate Director vatsal.jain@careedge.in sonal.bhageria@careedge.in Encl.: As above CARE Ratings Limited 9th Floor, Pride Kumar Senate, Plot No. 970, Corporate Office :4th Floor, Godrej Coliseum, Bhamburda, Senapati Bapat Road, Shivaji Nagar, Somaiya Hospital Road, Off Eastern Express Pune - 411016 Highway, Sion (E), Mumbai - 400 022 Phone: +91-20-4000 9000 Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 Page 2 of 4 Disclaimer This disclaimer pertains to the ratings issued and content published by CARE Ratings Limited (“CareEdge Ratings”). Ratings are opinions on the likelihood of timely payment of the obligations under the rated instrument and are not recommendations to sanction, renew, disburse, or recall the concerned bank facilities or to buy, sell, or hold any security. Any opinions expressed herein are in good faith and are subject to change without notice. The rating reflects the opinions as on the date of the rating. A rating does not convey suitability or price for the investor. The rating agency does not conduct an audit on the rated entity or an independent verification of any information it receives and/or relies on for the rating exercise. CareEdge Ratings has based its ratings/outlook on the information obtained from reliable and credible sources. CareEdge Ratings does not, however, guarantee the accuracy, adequacy, or completeness of any information and is not responsible for any errors or omissions and the results obtained from the use of such information. The users of the rating should rely on their own judgment and may take professional advice while using the rating in any way. CareEdge R [Showing first 8,000 characters — download PDF for full document]