Credit Rating

TRIDENT/CS/2026 August 11, 2026 National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Scrip Code: TRIDENT BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai – 400 001 Scrip Code: 521064 Sub: Update on Credit Rating of Trident Limited Dear Sir/Madam This is in continuation to our letter dated August 25, 2025 regarding Credit Rating(s) of Trident Limited reaffirmed by CRISIL Ratings Limited (“CRISIL”), we hereby inform you that CRISIL has issued a Credit Bulletin to update the bank-wise facility details in line with RBI requirement. A copy of the Credit Bulletin issued by CRISIL Ratings Limited is enclosed herewith. The rating can be accessed on the website of the CRISIL at Rating Rationale. The same is also available on the website of the Company at www.tridentindia.com under the category: Investor Relations → Financial Reports → Credit Ratings. Thanking you Yours faithfully, For Trident Limited (Sushil Sharma) Company Secretary ICSI Membership No. F6535 Encl: as above Disclaimer :- The details of the authorised signatories are uploaded on the official website of the Company. You may authenticate the authority of the signatory before relying upon the contents of this communication by visiting https://www.tridentindia.com/authority-matrix/ or may write to us on corp@tridentindia.com. 11/08/2026 TL/2026/074121 Credit Bulletin August 11, 2026 | Mumbai Update on Trident Limited Note: None of the Directors on Crisil Ratings Limited’s Board are members of rating committee and thus do not participate in discussion or assignment of any ratings. The Board of Directors also does not discuss any ratings at its meetings. This Credit Bulletin is published solely to update the bank-wise facility details in line with RBI requirement. For other sections please refer to the previous Rating Rationale August 25, 2025. Click here to access the previous Rating Rationale. Annexure - Details of Bank Lenders & Facilities - Regulator for the Instrument is RBI Facility Amount (Rs.Crore) Name of Lender Rating Electronic Vendor 500 State Bank of India Crisil A1+ financing scheme Long Term Loan 132 Union Bank of India Crisil AA/Stable Long Term Loan 50 ICICI Bank Limited Crisil AA/Stable Long Term Loan 53 IndusInd Bank Limited Crisil AA/Stable Long Term Loan 306 Punjab National Bank Crisil AA/Stable Long Term Loan 137 State Bank of India Crisil AA/Stable Long Term Loan 21 Bank of Baroda Crisil AA/Stable Long Term Loan 98 HDFC Bank Limited Crisil AA/Stable Long Term Loan 133 Indian Bank Crisil AA/Stable Proposed Fund-Based 1012.5 Not Applicable Crisil AA/Stable Bank Limits Short Term Loan 300 HDFC Bank Limited Crisil A1+ Short Term Loan 297.5 ICICI Bank Limited Crisil A1+ Short Term Loan 260 Axis Bank Limited Crisil A1+ Short Term Loan 200 Bank of Baroda Crisil A1+ Short Term Loan 200 Exim Bank Crisil A1+ The Hongkong and Short Term Loan 100 Shanghai Banking Crisil A1+ Corporation Limited Short Term Loan 200 IDFC FIRST Bank Limited Crisil A1+ Annexure: List of instruments and names of regulators of the instruments As required by SEBI CRA Circular dated Feb 10, 2026, a list of activities or instruments falling under the purview of various FSRs, along with the names of respective FSRs, is being disclosed below: A. Rating activities Regulator of the Sr. No. Instrument / activity Name instruments Listed/Proposed to be listed bonds/debentures/preference share (all 1 SEBI securities) Unlisted/Proposed to be unlisted Bonds/Debentures/ Preference share (all 2 MCA securities) 3 Listed PTCs / Securitisation Notes (originated by entities regulated by RBI)*$ RBI Listed PTCs / Securitisation Notes (originated by entities not regulated by 4 SEBI RBI)* 5 Unlisted PTCs / Securitisation Notes (originated by entities regulated by RBI)* RBI 6 Listed Commercial Paper and NCDs with original maturity less than 1 year RBI 7 Unlisted Commercial Paper and NCDs with original maturity less than 1 year RBI 8 Loan Facilities (Fund/Non-Fund Based) from Bank/NBFCs/NHB/FIs ^ RBI 9 External Commercial Borrowings and other similar borrowings RBI 10 Certificates of Deposit RBI 11a Fixed Deposits raised by NBFC's, HFCs, Fis RBI 11b Fixed Deposits raised by Banks + 12 Fixed Deposits raised by corporates other than NBFCs, Banks, HFCs, FIs MCA 13 Inter Corporate Deposits/Loans extended by Corporates MCA 14 Borrowing programme ~ - 15 Issuer Ratings # - Credit Ratings for Capital Protection Oriented Schemes (by Mutual Funds and 16 SEBI AIFs) 17 Credit quality ratings (CQRs) for Mutual Fund Schemes and Schemes of AIFs SEBI 18 Listed Security Receipts$ RBI 19 Unlisted Security Receipts RBI 20 Independent Credit Evaluation (ICE) RBI Expected Loss Ratings (for Loan Facilities (Fund/Non-Fund Based) from 21 + Bank/NBFCs/NHB/Fis) Expected Loss Ratings (Listed/Proposed to be listed 22 SEBI bonds/debentures/preference share (all securities)) Expected Loss Ratings (Unlisted/Proposed to be unlisted Bonds/Debentures/ 23 MCA Preference share (all securities)) Unlisted PTCs / Securitisation Notes (originated by entities not regulated by Investor-side regulator such RBI) * as IRDAI, PFRDA @ * Includes securitisation transactions involving assignee payout, acquirer's payout. ~ The rated instrument may involve issuance of different instruments such as debt securities (listed or otherwise), bank loans, commercial paper (listed or otherwise), etc. The regulator of the instrument may accordingly be SEBI, RBI or MCA and can only be determined upon issuance. In PRs subsequent to issuance(s), Crisil Ratings Limited shall separately capture the rated quantum details along with names of respective regulators. ^ Includes bank facilities such as liquidity facility, second loss facility that are part of securitisation transactions. # There is no instrument being rated and hence, Regulator of the Instrument is not applicable. The rating scale and definitions are being followed as stipulated in SEBI Master Circular for CRAs. @ These ratings were assigned during regulatory regime prior to introduction of SEBI CRA Circular dated Feb 10, 2026 and the investor side regulators have accordingly been included. $ By virtue of the instrument being listed, SEBI acts as the regulator for listing and related issues. + To be finalized following a discussion with the regulatory authorities. Note: Kindly note that for activities or instruments falling under the purview of FSRs other than SEBI, the grievance/dispute redressal mechanisms and investor protection mechanisms provided by SEBI shall not be available. Criteria Details Links to related criteria Basics of Ratings (including default recognition, assessing information adequacy) Criteria for consolidation Criteria for manufacturing, trading and corporate services sector (including approach for financial ratios) Media Relations Analytical Contacts Customer Service Helpdesk Ramkumar Uppara Mohit Makhija Timings: 10.00 am to 7.00 pm Media Relations Senior Director Toll Free Number: 1800 267 3850 Crisil Limited Crisil Ratings Limited M: +91 98201 77907 D:+91 124 672 2197 For a copy of Rationales / Rating Reports: B: +91 22 6137 3000 mohit.makhija@crisil.com CRISILratingdesk@crisil.com ramkumar.uppara@crisil.com Shounak Chakravarty Kartik Behl Director Media Relations Crisil Ratings Limited Crisil Limited B:+91 22 6137 3000 M: +91 90043 33899 shounak.chakravarty@crisil.com B: +91 22 6137 3000 kartik.behl@crisil.com Sudhanshu Cyril Divya Pillai Manager Media Relations Crisil Ratings Limited Crisil Limited B:+91 124 672 2000 M: +91 86573 53090 sudhanshu.cyril@crisil.com B: +91 22 6137 3000 divya.pillai1@ext-crisil.com For Analytical queries Toll Free Number: 1800 266 6550 ratingsinvestordesk@crisil.com Note for Media: This rating rationale is transmitted to you for the sole purpose of dissemination through your newspaper/magazine/agency. 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