Credit Rating

HFCL/SEC/26-27 JuTlyh e0 1B, S2E0 2L6td . The National Stock Exchange of India Ltd. st th 1 Floor, New Trading Wing, Rotunda Building Exchange Plaza, 5 Floor, C – 1, Block G Phiroze Jeejeebhoy Towers, Dalal Street, Fort Bandra – Kurla Complex, Bandra (E) SMeucmurbiatiy – C 4o0d0e0 N0o1. : 500183 SMeucmurbiatiy – C 4o0d0e0 N5o1. : HFCL corp.relations@bseindia.com cmlist@nse.co.in RE: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Subject: Upgradation of Credit Ratings Dear Sir(s)/ Madam, CARE Ratings Limited upgraded CARE A; Positive CARE A-; WStae bwleis ahn tdo sihnoforrtm-t eyromu cthreadt it rating to CARE A1 fro (ma SCEABRIE R Ae2gi+s.tered Credit Rating Agency) vide its letter dated July 01, 2026, has the Company's long-term credit rating to from The details of Credit ratings assigned to the Company for bank f acilities are as under: Facilities Amount (₹ in Crore) Ratings Rating Action Care A; Positive Long Term Bank ₹1,525.95 Upgraded from CARE A-; Facilities (Enhanced from Care A1 Stable ₹1,256.19) Short Term Bank ₹2,550.00 Upgraded from CARE A2+ Facilities (Enhanced from ₹2,386.63) The upgrade in the credit ratings reflects the Company's improved credit profile and enhanced creditworthiness, as assessed by CARE Ratings Limited. The rating upgrade reinforces the confidence of lenders and other stakeholders in the Company's business strategy, execution capabilities, financial discipline and long- term growth prospects. We request to take the above information on your records and disseminate the same on your respective websites. Thanking you. HFCL Limited Y ours faithfully, F or (Manoj Baid) President & Company Secretary Regd. Office & Works: 8, Electronics Complex, Chambaghat, Solan-173213 (H.P.) Tel: (01792) 230644, 230645, 230647 Fax: (01792) 231902 Corporate Identity Number: L64200HP1987PLC007466