Credit Rating

KPIL/26-27 03rd July, 2026 BSE Limited National Stock Exchange of India Ltd. Corporate Relationship Department ‘Exchange Plaza’, C-1, Phiroze Jeejeebhoy Towers Block ‘G’, Bandra-Kurla Complex Dalal Street, Fort Bandra (E) Mumbai - 400 001 Mumbai – 400 051 Scrip Code: 522287 Scrip Code : KPIL Sub.: India Ratings Upgrades Kalpataru Projects International’s NCDs and Bank Loan Facilities to ‘IND AA+’/Stable; Affirms Proposed CPs at ‘IND A1+’; Rates Additional Bank Loan Facilities - Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Respected Sir / Madam, This is to inform that India Ratings & Research Private Limited vide its Press Release dated 03rd July, 2026, received by the Company on 03rd July, 2026 at about 05:35 p.m. (IST), has upgraded and assigned rating of various financial facilities / instruments of the Company, details of which are given below: Type of facilities / instruments Rating Rating Action Bank loan facilities IND AA+/Stable/IND A1+ a) Long-term rating: Upgraded; b) Short-term rating: Affirmed; c) New bank loan facilities (long term as well as short term): Assigned Non-Convertible Debentures IND AA+/Stable Upgraded (current as well as proposed) Further, it has affirmed rating of various financial facilities / instruments of the Company, details of which are given below: Type of facilities / instruments Rating Rating Action Proposed Commercial Paper IND A1+ Affirmed Pursuant to Regulation 55 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. SEBI/HO/DDHS/DDHS- PoD-1/P/CIR/2025/0000000103 dated 11th July, 2025, the details in respect of Credit Rating for NCDs of the Company is as under: Details of credit rating Current rating details Sr. ISIN Name of Credit Outlook Rating Action Specify Date of Verificati Date of No the Credit rating (Stable/ (New/ other Credit on status verificatio . Rating assigned Positive/ Upgrade/ rating rating of Credit n Agency Negativ Downgrade/ action Rating e/ No Re- Affirm/ Agencies Outlook) Other) 1 2 3 4 5 6 7 8 9 10 1. INE22 0B08134 India Ratings IND Stable Upgraded - 03-07-2026 Verified 03-07-2026 & Research AA+/Stable Private Limited 2. INE22 0B08142 India Ratings IND Stable Upgraded - 03-07-2026 Verified 03-07-2026 & Research AA+/Stable Private Limited Corporate Office: Kalpataru Synergy, 7th Floor, Opp. Grand Hyatt, Santacruz (E), Mumbai - 400055. India | Tel: +91 22 3064 2100/+91 22 6885 1500 Registered Office: Plot No. 101, Part-III, G.I.D.C. Estate, Sector - 28, Gandhinagar - 382 028, Gujarat, India | Tel: +91 79 2321 4000 Email: info@kalpataruprojects.com | Website: www.kalpataruprojects.com | CIN: L40100GJ1981PLC004281 3 Refer Note# India Ratings IND Stable Upgraded - 03-07-2026 Verified 03-07-2026 & Research AA+/Stable Private Limited #Note: Since the rating has been upgraded for a future issuance of NCDs of INR 100 Crores, ISIN(s) are not available as of date. Please take the same in your records. Thanking you, Yours faithfully, For Kalpataru Projects International Limited Shweta Girotra Company Secretary Corporate Office: Kalpataru Synergy, 7th Floor, Opp. Grand Hyatt, Santacruz (E), Mumbai - 400055. India | Tel: +91 22 3064 2100/+91 22 6885 1500 Registered Office: Plot No. 101, Part-III, G.I.D.C. Estate, Sector - 28, Gandhinagar - 382 028, Gujarat, India | Tel: +91 79 2321 4000 Email: info@kalpataruprojects.com | Website: www.kalpataruprojects.com | CIN: L40100GJ1981PLC004281