Shifting of Credit Rating Agency of the Company from Care Ratings Limited to ICRA Limited

Sec/Steels/17/FY 2026-27 Date: 08/08/2026 The Secretary The Manager BSE Limited National Stock Exchange of India Limited New Trading Wing, Exchange Plaza, C-1, Block “G” Rotunda Building, 5th floor, Bandra Kurla Complex, PJ Tower, Dalal Street, Bandra East, Mumbai- 400001 Mumbai- 400051 SCRIP CODE: 539044 SYMBOL: MANAKSTEEL Dear Sir/Madam, Sub: Intimation of withdrawal of Credit Rating by Care Ratings Limited Ref: Regulation 30 and all other applicable regulations, if any, of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Pursuant to the provisions of Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Company has shifted its credit rating agency from CARE Ratings Limited to ICRA Limited. Accordingly, at the Company’s request, CARE Ratings Limited has withdrawn its rating assigned to the Bank Loan facilities of the Company. A copy of the rating withdrawal letter issued by Care Ratings Limited is enclosed herewith. We request you to kindly take the above information/documents on record. Thanking you, Yours faithfully, For Manaksia Steels Limited (Ajay Sharma) Company Secretary Encl: as above No. CARE/KRO/RL/2026-27/1177 Shri Varun Agrawal Managing Director Manaksia Steels Limited Turner Morrison Building, 6, Lyons Range, Kolkata West Bengal 700001 August 07, 2026 Confidential Dear Sir, Withdrawal of ratings assigned to the Bank facilities of Manaksia Steels Limited At the request of the company vide email dated June 18, 2026, the rating is withdrawn in compliance with CARE Ratings’ Withdrawal policy. 2. As per our normal procedure, we will be announcing the withdrawal of the rating through a Press Release, a copy of which will be sent separately. Meanwhile, please ensure that ratings are not used hereafter, for any purpose whatsoever. 3. In case of any future rating requirements, we will be happy to offer our services. If you need any clarification, you are welcome to approach us in this regard. Thanking you, Yours faithfully, Soumadip Kumar Kamal Mahipal Lead Analyst Associate Director soumadip.kumar@careedge.in kamal.mahipal@careedge.in CARE Ratings Limited Unit No A / 7 / 4, 7th Floor, Block A, Apeejay House, Corporate Office :4th Floor, Godrej Coliseum, 15 Park Street, Kolkata – 700 016 Somaiya Hospital Road, Off Eastern Express Phone: +91-33-40181600 Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 Page 1 of 2 Encl.: As above 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. 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Any reproduction, retransmission, modification, derivative works or use or reference to the contents, in whole, in part or in any form, is prohibited except with prior express written consent from CARE Ratings Limited. CARE Ratings Limited Unit No A / 7 / 4, 7th Floor, Block A, Apeejay House, Corporate Office :4th Floor, Godrej Coliseum, 15 Park Street, Kolkata – 700 016 Somaiya Hospital Road, Off Eastern Express Phone: +91-33-40181600 Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 Page 2 of 2