Credit Rating- Revision

Mangalam Head Office : 812, Tulsiani Chambers Registered Office / Factory : Village Kumbhivali, Savroli-Kharpada 212, Nariman Point, Mumbai - 400 021 Tel. - 91-22-4920 4089 / 2282 4089 Road,Khalapur-410 202, Organics Limited F Ea mx a il: 9 :1 i-2 n2 f- o4 @9 m2 a0 n g4 a0 l8 a1 m/ o r2 g2 a8 n4 i cs1 .28 c1 o m Dist Raigad (Maharashtra) Tel. 02192 - 276140 7~ Web : www.mangalamorganics.com CIN - L241100MH1981PLC0O24T42 Date: July 01, 2026 BSE Limited The National Stock Exchange of India Limited Listing & Compliance Department Listing & Compliance Department Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1 Block G, Dalal Street, Fort Bandra Kurla Complex, Mumbai - 400001. Bandra (E), Mumbai - 400051 Scrip: 514418 Symbol: MANORG Sub: Intimation of Revision in Credit Ratings under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Ref: Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation of our letter dated April 14, 2026 Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in continuation of our letter dated April 14, 2026, we hereby inform you that CRISIL Ratings Limited has reviewed and upgraded the credit ratings assigned to the Company's bank facilities aggregating to Rs. 397 Crore. The details of the ratings are as follows: Previous Rating and Outlook Revised Rating and Outlook Long- CRISIL BBB+ / Watch Developing | Rating upgraded to CRISIL Term (Continues on ‘Rating Watch with | BBB+/Stable Rating: Developing Implications’) reviewed and reaffirmed the credit ratings and removed the ratings from 'Rating Watch with Developing Implications’ Short- CRISIL A2 / Watch Developing | CRISIL A2 Term (Continues on ‘Rating Watch with | reviewed and reaffirmed the credit Rating: Developing Implications’) ratings and removed the ratings from 'Rating Watch with Developing Implications’ The letter received from CRISIL Ratings Limited for the Company is enclosed herewith as Annexure -A We further wish to inform you that Mangalam Brands Private Limited, the material unlisted subsidiary of the Company, has obtained credit ratings from CRISIL Ratings Limited for the first time in respect of its bank facilities aggregating to Rs. 80 Crore, with a Long-Term Rating of CRISIL BBB+/Stable. The rating letter received from CRISIL Ratings Limited in this regard is enclosed herewith as Annexure B. manga] acy’ An 1SO 9001/14001/45001 2018 Certified Company Camphor Mangalam Head Office : 812, Tulsiani Chambers Registered Office / Factory : Village Kumbhivali, Savroli-Kharpada 212, Nariman Point, Mumbai - 400 021 Tel. - 91-22-4920 4089 / 2282 4089 Road,Khalapur-410 202, T Organics Limited Fax : 91-22-4920 4081/ 2284 1281 Dist Raigad (Maharashtra) Email : info@mangalamorganics.com Tel. 02192 - 276140 Web : www.mangalamorganics.com CIN - L2411918 10PLCM02H474 2 The above information will also be available on the website of the Company www.mangalamorganics.com Kindly take the above information on record. Thanking You, For Mangalam Organics Limited Charmi Shah Company Secretary & Compliance Officer Encl.: Annexure A — CRISIL Rating Letter for Mangalam Organics Limited Annexure B — CRISIL Rating Letter for Mangalam Brands Private Limited (Material Unlisted Subsidiary of Mangalam Organics Limited) CamPué ] TM An 1SO 9001/14001/45001 angalac 2018 Certified Company Camphor Crisil CONFIDENTIAL Ratings RL/DPL/398801/BLR/0726/151737 July 01, 2026 Mr. Kamalkumar Ramgopal Dujodwala Authorised Signatory Mangalam Organics Limited 812, Tulsiani Chamber, 212 Nariman Point, Mumbai City - 400021 Dear Mr. Kamalkumar Ramgopal Dujodwala, Re: Review of Crisil Ratings on the bank facilities of Mangalam Organics 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 instruments/facilities of the company, and the rating actions by Crisil Ratings on the ratings as on date. Total Bank Loan Facilities Rated Rs.397 Crore N . Crisil BBB+/Stable (Removed from 'Rating Watch with Developing Long Term Rating Implications'; Rating Reaffirmed) Short Term Rating Crisil A2 (Removed from 'Rating Watch with Developing Implications'; Rating Reaffirmed) (Bank-wise details as per Annexure 1) As per our Rating Agreement, Crisil Ratings would disseminate the ratings, along with the outlook, through its publications and other media, and keep the ratings, along with the outlook, under surveillance over the life of the instrument/facility. Crisil Ratings reserves the right to withdraw, or revise the ratings, along with the outlook, at any time, on the basis of new information, or unavailability of information, or other circumstances which Crisil Ratings believes may have an impact on the ratings. Please visit www.crisilratings.com and search with the name of the rated entity to access the latest rating/s. In the event of the company not availing the proposed facilities within a period of 180 days from the date of this letter, a fresh letter of revalidation from Crisil Ratings will be necessary. Crisil Ratings products / activities or ratings of instruments other than securities that are listed or proposed to be listed may fall under the purview of financial sector regulators (FSRs) other than SEBI. In respect of such products / activities or ratings (under the purview of other FSRs such as Reserve Bank of India (RBI), Ministry of Corporate Affairs (MCA), Insurance Regulatory and Development Authority of India (IRDAI), among others), the grievance / dispute redressal and investor protection mechanisms available under SEBI regulations shall not be applicable. A list of products/activities or ratings of instruments falling under 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:/Avww crisilratings.com/en/home/our-business/ratings/regulatory-disclosures/list-of-activities-instruments-and- Pr— names-of-regulators.html This letter will remain valid till March 31, 2027. After this date, please insist for a new rating letter (dated later than lfi 31,2027). Should you require any clarification, please feel free to get in touch with us. ‘With warm regards, Disclaimer. A rafing by Crisil Ratings reflects Crisil Rafings current opinion on the likelihood of fimely 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 /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/ users /transmitters / distributors of its ratings. Crisil Ratings’criteria are available without charge o the public on the web site, v crisilsatings com. Crisil Ratings or its associates may have other commercial transactions with the company/entity. For the latest rating information on_any_insirument_of any company rated by Crisil Ratings, please visit www.crisilratingscom or confact Customer Service Helpdesk at Crisilratingdesk@crisil.com o at 1800-267-3850 Crisil Ratings Limited Corporate Identity Number: U67100MH2019PLC326247 Registered Office: Lightbridge IT Park, Saki Vihar Road, Andheri East, Mumbai [Showing first 8,000 characters — download PDF for full document]