Credit Rating

July 1, 2026 The Compliance Manager The Manager, Listing Department BSE Limited National Stock Exchange of India Ltd Corporate Relationship Dept., Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Mumbai 400001. Bandra (East), Mumbai 400 051. Scrip Code: 500655 Trading Symbol: GRWRHITECH Subject: Intimation of Credit Rating under the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 Pursuant to Regulation 30(6) read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that ICRA Limited (Rating Agency) has assigned the credit rating, vide their report dated July 1, 2026, to the Company on the bank facilities. Details of the same are given hereunder; Sr Facilities Ratings Rating Action 1. Long Term – Fund based - ICRA AA; Stable Assigned Working Capital Facilities 2. Short Term – Non-Fund ICRA A1+ Assigned based Facilities The letter received from the Rating Agency is enclosed herewith for your information and record. This information is also being uploaded on the website of the Company at www.garwarehitechfilms.com Yours faithfully, For Garware Hi-Tech Films Limited Awaneesh Srivastava Company Secretary FCS 8513 Encl. as stated above. GARWARE HI-TECH FILMS LIMITED CORPORATE OFFICE : GARWARE HOUSE, 50-A, SWAMI NITYANAND MARG VILE PARLE (EAST), MUMBAI – 400 057. TEL: 0091-22-6698 8000 (15 LINES) / FAX : 0091-22-2824 8155 / 66 WEBSITE: www.garwarehitechfilms.com CIN: L10889MH1957PLC010889 REGD. OFFICE: NAIGAON, P.O. WALUJ, CHHATRAPATI SAMBHAJINAGAR – 431 133 (INDIA) ICRA Limited ICRA/Garware Hi-Tech Films Limited/01072026/2 Date: July 1, 2026 Ms. Monika Garware Vice Chairperson & Joint Managing Director Garware Hi-Tech Films Limited Garware House, 50-A, Swami Nityanand Marg, Vile Parle (E), Mumbai (Maharashtra) 400 057 Dear , Re: Garware Hi-Tech Films Limited following rating actions for the mentioned instruments of your company. Rated Amount Instrument Rating Action1 (Rs. crore) Long-term - Fund-based - Working capital [ICRA]AA(Stable); assigned 80.00 facilities Short-term - Non-fund based facilities 120.00 [ICRA]A1+; assigned Total 200.00 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 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 instrument 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 1 Complete definitions of the ratings assigned are available at www.icra.in. Building No. 8, 2nd Floor, Tower A Tel.: +91.124 .4545300 Website: www.icra.in DLF Cyber City, Phase II CIN: L749999DL1991PLC042749 Email: info@icraindia.com Gurugram 122002, Haryana Helpdesk: +91 9354738909 Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel.: +91.11.23357940-41 RATING RESEARCH INFORMATION 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. We look forward to your communication and assure you of our best services. With kind regards, Yours sincerely, For ICRA Limited Anupama Reddy Vice President & Co-Group Head Corporate Ratings anupama.reddy@icraindia.com Annexure Details of Bank Limits Rated by ICRA Amount (Rs. crore) Rating Rating Assigned On (Rated on Long-Term Scale) Fund Based Facilities Indian Overseas Bank Cash Credit 70.00 [ICRA]AA (Stable) June 30, 2026 Bank of Baroda Cash Credit 10.00 Total 80.00 Details of Bank Limits Rated by ICRA Amount (Rs. crore) Rating Rating Assigned On (Rated on Short-Term Scale) Non-Fund Based Facilities Indian Overseas Bank Bank 25.00 Guarantee [ICRA]A1+ June 30, 2026 Bank of Baroda Letter of Credit & 70.00 Bank Guarantee Bank of India Letter of Credit & 25.00 Bank Guarantee Total 120.00