NSECredit Rating- Revision1 Jul 2026 · 1 Jul 2026, 10:52 am

Credit Rating- Revision

Patanjali Foods Limited · PATANJALI

✦ AI SummaryRating Change

Patanjali Foods Limited has informed the Exchange about Credit Rating- Revision, with ICRA Limited upgrading the credit rating of the company for availing credit facilities.

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk3/10
Liquidity Impact8/10
Market Sentiment6/10

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Patanjali Foods Limited has informed the Exchange about Credit Rating- Revision

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RUCHI_01072026105226_Letter.pdf

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PFL/2026 July 01, 2026 BSE Ltd. National Stock Exchange of India Ltd., Floor No. 25, Exchange Plaza, Phiroze Jeejeebhoy Tower, Bandra-Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400 001 Mumbai – 400 051 BSE Scrip Code: 500368 NSE Symbol: PATANJALI Sub: Revision in Credit Rating - Intimation under regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 read with sub para (3) of Para (A) of Part (A) of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), as amended, read with the SEBI circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, we wish to inform you that ICRA Limited (“ICRA”) has revised and upgraded the credit rating of the Company for availing credit facilities vide its letter dated June 30, 2026. Details of the revised and upgraded credit rating are presented below: Previous Current Rated Rated Instrument Amount (Rs. Amount Rating Action in Crore) (Rs. in Crore) Long-term fund- based/ non-fund 1,625.00 - - based limits Long-term Fund- [ICRA]AA- (Stable) upgraded from based Limits – - 1,575.00 [ICRA]A+(Stable) and assigned for CC/WCDL enhanced amount Short-term non-fund [ICRA]A1+ reaffirmed and assigned for based limits- 2,000.00 2,700.00 enhanced amount LC/BG/BC [ICRA]AA- (Stable) upgraded from Long-term/Short- - [ICRA]A+(Stable) assigned for term Non-fund based 150.00 enhanced amount and [ICRA]A1+; – Forward cover reaffirmed and assigned for enhanced amount Long-term - (75.00) [ICRA]AA- (Stable) assigned Interchangeable Total 3,625.00 4,425.00 The rating letter received from ICRA is enclosed herewith for your information and records please. Thanking you, Yours Sincerely, For Patanjali Foods Limited Ramji Lal Gupta Company Secretary Encl.: As above ICRA Limited ICRA/Patanjali Foods Limited/30062026/2 Date: June 30, 2026 Mr. Priyendu Jha Head - Treasury Management Patanjali Foods Limited Plot no 231 Sector 9, Dwarka – 110075 Dear Sir, Re: ICRA’s Credit Rating for below mentioned Instruments of Patanjali Foods Limited As per the Rating Agreement/Statement of Work executed with ICRA Limited, ICRA’s Rating Committee has taken the following rating actions for the mentioned instruments of your company. Rated Amount Instrument Rating Action1 (Rs. crore) [ICRA]AA- (Stable) upgraded from Long-term Fund-based Limits – CC/WCDL 1,575.00 [ICRA]A+(Stable) and assigned for enhanced amount Short-term non-fund based limits – [ICRA]A1+ reaffirmed and assigned 2,700.00 LC/BG/BC for enhanced amount [ICRA]AA- (Stable) upgraded from [ICRA]A+(Stable) assigned for Long-term/Short-term Non-fund based – 150.00 enhanced amount and [ICRA]A1+; Forward cover reaffirmed and assigned for enhanced amount Long-term Interchangeable (75.00) [ICRA]AA- (Stable) assigned Total 4,425.00 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. 1 Complete definitions of the ratings assigned are available at www.icra.in. BuilSdeinngs Nitoiv. i8ty, 2 Lnad bFelolo :r ,R Teoswterirc Ate d 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 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 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 K Srikumar Senior Vice President ksrikumar@icraindia.com Sensitivity Label : Restricted Annexure Details of Bank Limits Rated Amount (Rs. Rating Rating Assigned On by ICRA (Rated on Long-Term crore) Scale) Fund/Non-Fund- based Limits Indian Bank- Cash Credit 250.00 /WCDL State Bank of India- Cash 1200.00 Credit/WCDL Indian Overseas Bank- Cash [ICRA]AA- 50.00 June 26, 2026 Credit /WCDL (Stable) Doha Bank- Cash Credit 75.00 /WCDL Doha Bank - Interchangeable (75.00) Limits Total 1575.00 Details of Bank Limits Rated Amount (Rs. crore) Rating Rating Assigned On by ICRA (Rated on Long Term/Short-Term Scale) Forward Cover State Bank of India 150.00 (Stable)/[ICRA] June 26, 2026 Total 150.00 Details of Bank Limits Rated Amount (Rs. crore) Rating Rating Assigned On by ICRA (Rated on Short-Term Scale) Non-Fund-Based Facilities State Bank of India 1700.00 Indian Bank 250.00 [ICRA]A1+ June 26, 2026 State Bank of India- Shipping 750.00 Guarantee Total 2700.00 Sensitivity Label : Restricted