Intimation of Credit Rating under Regulation 30 of SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular dated January 30, 2026

refex August 10, 2026 The BSE Ltd. The National Stock Exchange of India Ltd. st th 1 Floor, New Trading Wing, Rotunda Exchange Plaza, 5 Floor, C – 1, Block G BScurilidpi nCgo d Peh:i r5o3z2e8 Je8e4j eebhoy Towers, BSyamndbroal –: RKEuFrlEaX C omplex, Bandra (E) Dalal Street, Fort Mumbai – 400001 Mumbai – 400051 DSuebarje Scitr:( sI)n/t Mimadaatimon, of Credit Rating under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 read with the SEBI Master Circular bearing reference no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 ("SEBI Listing Regulations") Acuite Pursuant to Regulation 30 read with Schedule III of SEBI Listing Regulations, we would like to inform that Acuité Ratings & Research Limited (“ ”), a Credit Rating Agency registered with SEBI, vide its letter dated August 07, 2026 and received by the Company on August 10, 2026 has upgraded/assigned the long term and shPorrotd-tuercmt rating as under: Quantum Long Term Rating Short Term Rating (Rs. Cr) Bank Loan Ratings 206.00 ACUITE A | Stable | - Assigned Bank Loan Ratings 112.05 ACUITE A| Stable | - Upgraded BTaontakl LOouatns Rtaantidnignsg Quantum (Rs. Cr.) 6604..0000 - ACUITE A1 | Assigned Bank Loan Ratings 337.95 - ACUITE A1 | Upgraded T he rating letter received from Acuité is attached as an Annexure to this letter. T he aforesaid information is also being placed on the website of the Company at https://refex.co.in/investors/credit-ratings Kindly take the same on record. Thanking you. Refex Industries Limited Yours faithfully, For & on behalf of Ankit Poddar Company Secretary & Compliance Officer ACS-25443 Refex Industries Limited A Refex Group Company 49iiiiifrMIIB+H;1+Wl+i· Registered Office: 2nd Floor, No.313, Refex Towers, Sterling Road, Factory: No.l/171, Old Mahabalipuram Road, Valluvar Kottam High Road, Nungambakkam, Chennai, Tamil Nadu 600 034 Thiruporur-603110, Chengalpattu District, Tamil Nadu P: 044-4340 5900/ 950 I E: info@lrefex.co.in I W: www.refex.co.in P: 044 2744 52951 E: info@lrefex.co.in I W: www.refex.co.in Acuite.- RATINGS & RESEARCH Rating Letter - Intimation of Rating Action Scan this QR Code to verify authenticity of this Letter Issued on : August 07, 2026 rating Letter Expires on : November 21, 2026 Annual Fee valid till : November 21, 2026 REFEX INDUSTRIES LIMITED 2ND FLOOR, NO.313, REFEX TOWERS, STERLING ROAD, VALLUVAR KOTTAM HIGH ROAD, NUNGAMBAKKAM Chennai 600034 TAMIL NADU Kind Attn.: Mr. Mr. Shubhendu Parhi,Dgm corporate (Tel. No.8655357434) Sir / Madam, Sub.: Rating(s) Assigned and Upgraded - Bank Loans of REFEX INDUSTRIES LIMITED Please note that the current rating(s) and outlook, instrument details, and latest rating action for the aforementioned instrument are as under: Product Quantum (Rs. Cr) Long Term Rating Short Term Rating Regulated By (Other FSR) Bank Loan Ratings 206.00 ACUITE A | - RBI Stable | Assigned Bank Loan Ratings 112.05 ACUITE A | - RBI Stable | Upgraded Bank Loan Ratings 4.00 - ACUITE A1 | RBI Assigned Bank Loan Ratings 337.95 - ACUITE A1 | RBI Upgraded Total Outstanding 660.00 - - - Quantum (Rs. Cr) (cid:49)(cid:82)(cid:87)(cid:72)(cid:29)(cid:172)(cid:3)(cid:41)(cid:82)(cid:85)(cid:3)(cid:68)(cid:70)(cid:87)(cid:76)(cid:89)(cid:76)(cid:87)(cid:76)(cid:72)(cid:86)(cid:3)(cid:82)(cid:85)(cid:3)(cid:85)(cid:68)(cid:87)(cid:76)(cid:81)(cid:74)(cid:86)(cid:3)(cid:82)(cid:73)(cid:3)(cid:76)(cid:81)(cid:86)(cid:87)(cid:85)(cid:88)(cid:80)(cid:72)(cid:81)(cid:87)(cid:86)(cid:3)(cid:73)(cid:68)(cid:79)(cid:79)(cid:76)(cid:81)(cid:74)(cid:3)(cid:88)(cid:81)(cid:71)(cid:72)(cid:85)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:83)(cid:88)(cid:85)(cid:89)(cid:76)(cid:72)(cid:90)(cid:3)(cid:82)(cid:73)(cid:3)(cid:41)(cid:76)(cid:81)(cid:68)(cid:81)(cid:70)(cid:76)(cid:68)(cid:79)(cid:3)(cid:54)(cid:72)(cid:70)(cid:87)(cid:82)(cid:85)(cid:3)(cid:53)(cid:72)(cid:74)(cid:88)(cid:79)(cid:68)(cid:87)(cid:82)(cid:85)(cid:86)(cid:3)(cid:82)(cid:87)(cid:75)(cid:72)(cid:85)(cid:3)(cid:87)(cid:75)(cid:68)(cid:81)(cid:3)(cid:54)(cid:40)(cid:37)(cid:44)(cid:15)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3) grievance / dispute redressal mechanisms and investor protection mechanisms provided by SEBI shall not be available. (cid:36)(cid:70)(cid:88)(cid:76)(cid:87)(cid:112) reserves the right to revise the rating(s) , along with the outlook, at any time, on the basis of new information, or other circumstances which (cid:36)(cid:70)(cid:88)(cid:76)(cid:87)(cid:112)(cid:3)believes may have an impact on the rating (s). Such revisions, if any, would be appropriately disseminated by (cid:36)(cid:70)(cid:88)(cid:76)(cid:87)(cid:112)(cid:3)as required under prevailing SEBI guidelines and (cid:36)(cid:70)(cid:88)(cid:76)(cid:87)(cid:112)(cid:183)s policies. This letter will expire on November 21, 2026 or on the day when (cid:36)(cid:70)(cid:88)(cid:76)(cid:87)(cid:112)(cid:3)takes the next rating action, whichever is earlier. It may be noted that the rating(s) is subject to change anytime even before the expiry date of this letter. Hence lenders / investors are advised to visit https://www.acuite.in/ OR scan the QR code given above to confirm the current outstanding rating(s). (cid:36)(cid:70)(cid:88)(cid:76)(cid:87)(cid:112) will re-issue this rating letter on November 22, 2026 subject to receipt of surveillance fee as applicable. If the rating(s) is reviewed before November 21, 2026, (cid:36)(cid:70)(cid:88)(cid:76)(cid:87)(cid:112)(cid:3)will issue a new rating letter. Please note that under extant SEBI regulations and as per the terms of the rating agreement, once a rating is accepted and outstanding, the issuer is required to promptly furnish the (cid:182)No Default Statement(cid:183)(cid:3)on the first working day of every month. (cid:36)(cid:70)(cid:88)(cid:76)(cid:87)(cid:112)(cid:3)(cid:53)(cid:68)(cid:87)(cid:76)(cid:81)(cid:74)(cid:86)(cid:3)(cid:9)(cid:3)(cid:53)(cid:72)(cid:86)(cid:72)(cid:68)(cid:85)(cid:70)(cid:75)(cid:3)(cid:47)(cid:76)(cid:80)(cid:76)(cid:87)(cid:72)(cid:71) SEBI Registered | RBI Accredited 708, Lodha Supremus, Lodha iThink Techno Campus, Kanjurmarg (East), Mumbai - 400042 | +919930708000 | www.acuite.in | CIN: U74999MH2005PLC155683 Acuite.- RATINGS & RESEARCH Sd/- Chief Rating Officer (cid:172) This is a system generated document. No signature is required. (cid:36)(cid:81)(cid:81)(cid:72)(cid:91)(cid:88)(cid:85)(cid:72)(cid:86)(cid:29)(cid:3)(cid:172)(cid:172)(cid:172)(cid:172)(cid:172)(cid:172)(cid:172)(cid:172)(cid:172)(cid:3)(cid:3)(cid:3)(cid:36)(cid:17)(cid:3)(cid:39)(cid:72)(cid:87)(cid:68)(cid:76)(cid:79)(cid:86)(cid:3)(cid:82)(cid:73)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:53)(cid:68)(cid:87)(cid:72)(cid:71)(cid:3)(cid:44)(cid:81)(cid:86)(cid:87)(cid:85)(cid:88)(cid:80)(cid:72)(cid:81)(cid:87) Annexure A. Details of the rated instrument Lender's Name Facilities Listing status Regulated Scale Amt. Rating Assigned By (Rs. Cr) (Outlook) | Rating Action Union Bank of Cash Credit Unlisted RBI Long- 30.00 ACUITE A | India term Stable | Upgraded ( from ACUITE A- ) Union Bank of Letter of Unlisted RBI Short- 170.00 ACUITE A1 | India Credit term Upgraded ( from ACUITE A2+ ) YES BANK LIMITED Cash Credit Unlisted RBI Long- 50.00 ACUITE A | term Stable | Upgraded ( from ACUITE A- ) INDIAN Cash Credit Unlisted RBI Long- 175.00 ACUITE A | OVERSEAS BANK term Stable | Assigned INDIAN Bank Unlisted RBI Short- 150.00 ACUITE A1 | OVERSEAS BANK Guarantee term Upgraded ( from (BLR) ACUITE A2+ ) INDIAN Term Loan Unlisted RBI Long- 26.01 ACUITE A | OVERSEAS BANK term Stable | Upgraded ( from ACUITE A- ) INDIAN Term Loan Unlisted RBI Long- 6.04 ACUITE A | OVERSEAS BANK term Stable | Upgraded ( from ACUITE A- ) Jio Credit Limited Working Unlisted RBI Long- 25.00 ACUITE A | Capital term Stable | Assigned Demand Loan (WCDL) Union Bank of Term Loan Unlisted RBI Long- 6.00 ACUITE A | India term Stable | Assigned Not Applicable Proposed Unlisted RBI Short- 17.95 ACUITE A1 | Letter of term Upgraded ( from Cre [Showing first 8,000 characters — download PDF for full document]