Credit Rating

July 03, 2026 The Manager, The Manager, The Manager, The Manager, Listing Department, Listing Department, Listing Department, Listing Department, BSE Limited, The National Stock India International NSE IFSC Limited Phiroze Jeejeebhoy Exchange of India Exchange (IFSC) Unit-1201, 12th Floor, Towers, Dalal Street, Ltd., Limited Brigade International Mumbai 400 001. Exchange Plaza, 5th 1st Floor, Unit No. 101, Financial Centre, Block- BSE Scrip Code: Floor, Plot C/1, G The Signature Building 14, Road 1C, Zone 1, 532636 Block, Bandra - Kurla No. 13B, Road 1C, GIFT SEZ, GIFT City, Complex, Bandra (E), Zone 1, GIFT SEZ, Gandhinagar, Gujarat – Mumbai 400 051. GIFT City, 382355 NSE Symbol: IIFL Gandhinagar, Gujarat – 382050 India INX Symbol: 500058 Subject: Assignment of Credit Ratings by S&P Global Ratings and Moody’s Ratings Dear Sir/Madam, Pursuant to provisions of Regulations 30 and 51 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, we wish to inform you that S&P Global Ratings (“S&P”) and Moody’s Ratings (“Moody’s”) have assigned the following ratings to the Senior Secured Fixed Rate Notes which are being issued by IIFL Finance Limited as a part of its USD 1.5 billion Global Medium Term Note Programme. Rating Agency Rating Description Rating S&P B+ Issue of USD 300,000,000 7.60% Senior Secured Fixed Rate Notes due 2030 under the USD1.5 billion Global Medium Term Note Moody’s Programme Ba3 The ratings issued by S&P and Moody’s are enclosed herewith as Annexure A and B, respectively. You are requested to take the same on record and oblige. For IIFL Finance Limited Samrat Sanyal Company Secretary & Compliance Officer ACS – 13863 Email ID: csteam@iifl.com Place: Mumbai Enclosed: as above IIFL Finance Limited CIN No.: L67100MH1995PLC093797 Corporate Office – 802, 8th Floor, Hub Town Solaris, N.S. Phadke Marg, Vijay Nagar, Andheri East, Mumbai 400069 Tel: (91-22) 6788 1000;Fax: (91-22) 6788 1010 Regd. Office – IIFL House, Sun Infotech Park, Road No. 16V, Plot No. B-23, Thane Industrial Area, Wagle Estate, Thane – 400604 Tel: (91-22) 41035000. Fax: (91-22) 25806654 E-mail: csteam@iifl.com Website: www.iifl.com Annexure A C-111, Ground Floor, Nila Spaces, Block 11-D, Zone 1, Road-1A, Gift SEZ, Village Ratanpur, Taluka and District Gandhinagar, Gujrat-382355 India, Gift City, Gandhinagar-382355, Gujarat, India 3 July 2026 S&P Global Ratings Singapore Pte. Ltd. IIFL Finance Ltd. 802, 8th Floor, Hubtown Solaris, N. S. Phadke Marg, Vijay Nagar, Andheri East, Mumbai – 400069 Attn: Mr Govind Modani Re: New Rating To Whom it May Concern, S&P Global Ratings hereby assigns the below rating: Issuer Rating Description Rating Issue of USD$300 mil Senior Secured Fixed Rate Notes IIFL Finance due 2030 under the USD 1,500,000,000 B+ Ltd. Global Medium Term Note Programme This letter constitutes S&P Global Ratings’ permission for you to disseminate the above- assigned rating(s) to interested parties in accordance with applicable laws and regulations. However, permission for such dissemination (other than to professional advisors bound by appropriate confidentiality arrangements or to allow the Issuer to comply with its regulatory obligations) will become effective only after we’ve released the rating on www.spglobal.com/ratings. Any dissemination on any Website by you or your agents shall include the full analysis for the rating, including any updates, where applicable. Any such dissemination shall not be done in a manner that would serve as a substitute for any products and services containing S&P Global Ratings’ intellectual property for which a fee is charged. To the extent that regulatory authorities allow a rating agency to acknowledge in one jurisdiction a rating issued in another jurisdiction for certain regulatory purposes, S&P Global Ratings may choose to acknowledge such a rating and denote such acknowledgement on www.spglobal.com/ratings with an alphabetic or other identifier affixed to such rating or by other means. To maintain the rating(s), S&P Global Ratings must receive all information as indicated in the applicable Terms and Conditions. You understand that S&P Global Ratings relies on you and your agents and advisors for the accuracy, timeliness and completeness of the information submitted in connection with the rating and the continued flow of material information as part of the surveillance process. Please send all information via electronic delivery to: aurick.soh@spglobal.com. If SEC rule 17g-5 is applicable, you may post such information on the appropriate website. For any information not available in electronic format or posted on the applicable website, please send hard copies to: S&P Global Ratings, 12 Marina Boulevard, #23- 01 Marina Bay Financial Centre, Tower 3, Singapore 018982. Attention: Aurick Soh. The rating(s) is/are subject to the Terms and Conditions attached to the Engagement Letter applicable to the rating. In the absence of such Engagement Letter and Terms and Conditions, the rating(s) is/are subject to the attached Terms and Conditions. The applicable Terms and Conditions are incorporated herein by reference. In accordance with the Terms and Conditions, S&P Global Ratings may assign, raise, lower, suspend, place on CreditWatch, or withdraw a credit rating, and assign or revise an Outlook, at any time, in S&P Global Ratings’ sole discretion. S&P Global Ratings may take any of the foregoing actions notwithstanding any request for a withdrawal of a credit rating or termination of the Engagement Letter. S&P Global Ratings is pleased to have the opportunity to provide its rating opinion. For more information please visit our website at www.spglobal.com/ratings. If you have any questions, please contact us. Thank you for choosing S&P Global Ratings. Sincerely yours, S&P Global Ratings, acting through S&P Global Ratings Singapore Pte. Limited Analytical Contact: Name: Aurick Soh Telephone #: +65 6216 1134 S&P Global Ratings Terms and Conditions Applicable to Credit Ratings You understand and agree that: General. The credit ratings and other views of S&P Global Ratings are statements of opinion and not statements of fact. Credit ratings and other views of S&P Global Ratings are not recommendations to purchase, hold, or sell any securities and do not comment on market price, marketability, investor preference or suitability of any security. While S&P Global Ratings bases its credit ratings and other views on information provided by issuers and their agents and advisors, and other information from sources it believes to be reliable, S&P Global Ratings does not perform an audit, and undertakes no duty of due diligence or independent verification, of any information it receives. Such information and S&P Global Ratings’ opinions should not be relied upon in making any investment decision. S&P Global Ratings does not act as a “fiduciary” or an investment advisor. S&P Global Ratings neither recommends nor will recommend how an issuer can or should achieve a particular credit rating outcome nor provides or will provide consulting, advisory, financial or structuring advice. S&P Global Ratings owns and hereby reserves all right, title and interest in and to (i) the credit ratings, analytical reports and other views, opinions, data and information provided hereunder and (ii) its trademarks and service marks. All Credit Rating Actions in S&P Global Ratings’ Sole Discretion. S&P Global Ratings may assign, raise, lower, suspend, place on CreditWatch, or withdraw a credit rating, and assign or revise an Outlook, at any time, in S&P Global Ratings’ sole discretion. S&P Global Ratings may take any of the foregoing actions notwithstanding any request for a confidential or private credit rating or a withdrawal of a credit rating, or termination of this Agreement. Publication. S&P Global Ratings reserves the right to use, publish, disseminate [Showing first 8,000 characters — download PDF for full document]