Credit Rating

HFCL/SEC/26-27 JuTlyh e0 2B, 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: Credit Rating Upgrade of Material Subsidiary – HTL Limited Dear Sir(s)/ Madam, CARE Ratings Limited July 01, 2026 HTL Limited We wish to inform you that “HTL” (a SEBI Registered Credit Rating Agency) vide its letter dated Positive Outl,o hoaks assigned/upgraded the credit ratings of various bank facilities of , a material subsidiary of the Company ( ). The ratings have been upgraded from the earlier rating levels and carry a , reflecting the improved operational and financial performance of HTL Limited. TFhae cdielittaiielss of Credit ratings aAsmsigonuendt t (o₹ H inT LC rfoorr be)a nk facRiliattieins gasr e as under: Rating Action CARE A (CE); Positive Long Term Bank ₹40.00 (Enhanced from Upgraded from CARE BBB+; Facilities ₹21.87) CARE A (CE); Stable; Positive outlook Positive assigned Long Term Bank ₹60.00 (Reduced from Upgraded from CARE BBB+; Facilities ₹122.75) CARE A (CE); Stable; Positive outlook Positive / CARE assigned Long Term / Short Term ₹115.00 A1 (CE) Upgraded from CARE BBB+; Bank Facilities Stable / CARE A2; Positive CARE A1 (CE) outlook assigned Short Term Bank ₹150.00 Upgraded from CARE A2 CARE A-; Positive Facilities / CARE A2+ Long Term / Short Term ₹230.00 Assigned Bank Facilities The rating upgrade reflects the strengthened credit profile and improving business fundamentals of HTL and reinforces the confidence of lenders and stakeholders in its business prospects and financial position. 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