Credit Rating

Rajputana Stainless Limited Rajputana Stainless Limited CIN: L27109GJ1991PLC015331 Date:- 04/07/2026 To, To, Department of Corporate Services Listing Compliance Department, BSE Limited, National Stock Exchange of India Limited, Floor 1, Rotunda Building Exchange Plaza, C-1, BLOCK G, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Mumbai - 400001 Mumbai - 400051 Scrip Code: 544731 Symbol: RSL ISIN: INE313L.01016 Subject: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, (“SEBI Listing Regulations”) Dear Sir/Madam, Pursuant to Regulation 30 read with para-A, part A of Schedule IIT of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations™), this is to inform you that Crisil Ratings Limited has upgraded the ratings to the bank loan facilities of the Company vide its communication dated July 03,2026. Total bank loan facilities rated Rs. 165 Crore Long-term rating Crisii BBB+/Stable (Upgraded from ‘Crisil BBB/Stable’) Short Term Rating Crisil A2 (Upgraded from ‘Crisil A3+7) The said information was published by the CRISIL Ratings Limited in their website. The above information will be made available on the website of the Company at www.rajputanastainless.com Kindly take the above on your record. Thanking You Yours Faithfully, For Rajputapa Stainless Limited " Richa Sanjeev Prashar Company Secretary & Compliance Officer als, Gujarat (India) Pin - 389 330. 4 mail@rajputanastainless.com =% : ; www.rajputanastainless.com Crisil CONFIDENTIAL Ratings RL/RAJPS/394469/BLR/0726/152086 July 03, 2026 Mr. Shankar Mehta Managing Director Rajputana Stainless Limited 213, Madhwas, Halol Kalol Road, Panchmahal - 389330 9099062401 Dear Mr. Shankar Mehta, Re: Review of Crisil Ratings on the bank facilities of Rajputana Stainless Limited All ratings assigned by Crisil Ratings are kept under continuous surveillance and review. Please find in the table below the ratings outstanding for the debt instruments/fac; es of the company, and the rating actions by Crisil Ratings on the ratings as on date. Total Bank Loan Facilities Rated Rs.165 Crore Long Term Rating Crisil BBB+/Stable (Upgraded from 'Crisil BBB/Stable') Short Term Rating Crisil A2 (Upgraded from 'Crisil A3+ (Bank-wise details as per Annexure 1) As per our Rating Agreement, Crisil Ratings would disseminate the ratings, along with the outlook, through its publications and other media, and keep the ratings, along with the outlook, under surveillance over the life of the instrument/facility. Crisil Ratings reserves the right to withdraw, or revise the ratings, along with the outlook, at any time, on the basis of new information, or unavailability of information, or other circumstances which Crisil Ratings believes may have an impact on the ratings. Please visit www.crisilratings.com and search with the name of the rated entity to access the latest rating/s. In the event of the company not availing the proposed facilities within a period of 180 days from the date oft his letter, a fresh letter of revalidation from Crisil Ratings will be necessary. Crisil Ratings products / activities or ratings of instruments other than securities that are listed or proposed to be listed may fall under the purview of financial sector regulators (FSRs) other than SEBI. In respect of such products / activities or ratings (under the purview of other FSRs such as Reserve Bank of India (RBI), Ministry of Corporate Affairs (MCA), Insurance Regulatory and Development Authority of India (IRDAI), among others), the grievance / dispute redressal and investor protection mechanisms available under SEBI regulations shall not be applicable. A list of products/activities or ratings of instruments falling under the purview of various FSRs along with the names of respective FSRs has been duly disclosed by Crisil Ratings on its website. A link to the same has been provided below for ready reference: https:/Avww crisilratings.com/en/home/our-business/ratings/regulatory-disclosures/list-of-activities-instruments-and- names-of-regulators.html This letter will remain valid till March 31, 2027. After this date, please insist for a new rating letter (dated later than M‘[}F]S'[ Should you require any clarification, please feel free to get in touch with us. ‘With warm regards, Yours sincerely, Disclaimer. A rafing by Crisil Ratings reflects Crisil Rafings current opinion on the likelihood of fimely payment of the obligations under the rated instrument, and does not constitute an audit of the rated entity by Crisil Ratings. Our ratings are based on information provided by the issuer or obtained by Crisil Ratings from sources it considers reliable. Crisil Ratings does not guarantee the completeness or accuracy of the information on which the rating is based. A rating by Crisil Ratings is not a recommendation to buy /sell or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. Crisil Ratings has a practice of keeping all its ratings under surveillance and ratings are revised as and when circumstances so warrant. Crisil Ratings is notr esponsible for any errors and especially States that it has no financial liability whatsoever to the subscribers/ users /transmitters / distributors ofi ts ratings. Crisil Ratings’criteria are available without charge o the public on the web site, v crisilsatings com. Crisil Ratings or its associates may have other commercial transactions with the company/entity. For the latest rating information on_any_insirument_of any company rated by Crisil Ratings, please visit www.crisilratingscom or confact Customer Service Helpdesk at Crisilratingdesk@crisil.com o at 1800-267-3850 Crisil Ratings Limited Corporate Identity Number: U67100MH2019PLC326247 Registered Office: Lightbridge IT Park, Saki Vihar Road, Andheri East, Mumbai 400 072, India. Phone: +91226137 3000 | www.crisilratings.com acompany of S&P Global Crisil Ratings =R . Rushabh Pramod Borkar Nivedita Shibu Associate Director - Crisil Ratings Director - Crisil Ratings Annexure 1 - Bank-wise details of various facility classes (outstanding facilities) - Amount (Rs. . . S.No. | Bank Facility Bank in Crore) Outstanding Rating 1 Cash Credit IDBI Bank Limited 17.5 Crisil BBB+/Stable 2 Cash Credit State Bank of India 47.5 Crisil BBB+/Stable 3 Non-Fund Based Limit IDBI Bank Limited 12.5 Crisil A2 4 Non-Fund Based Limit State Bank of India 52.5 Crisil A2 5 | ProposedFund-Based Bank | 1163 Crisil BBB+/Stable Limits 6 Rupee Term Loan Axis Finance Limited 6.7 Crisil BBB+/Stable 7 Rupee Term Loan IDBI Bank Limited 1.64 Crisil BBB+/Stable 8 ‘Working Capital Term Loan Axis Finance Limited 15.03 Crisil BBB+/Stable Total 165 Disclaimer. A rafing by Crisil Ratings reflects Crisil Rafings current opinion on the likelihood of fimely payment of the obligations under the rated instrument, and does not constitute an audit of the rated entity by Crisil Ratings. Our ratings are based on information provided by the issuer or obtained by Crisil Ratings from sources it considers reliable. Crisil Ratings does not guarantee the completeness or accuracy of the information on which the rating is based. A rating by Crisil Ratings is not a recommendation to bu/ syell o hold the rated instrument; it does not comment on the market price or suitabilty for a particular investor. Crisil Ratings has a practice of keeping all its ratings under surveillance and ratings are revised as and when circumstances so warrant. Crisil Ratings is notr esponsible for any errors and especially States that it has no financial liability whatsoever to the subscribers/ users /transmitters / distributors ofi ts ratings. Crisil Ratings’criteria are available without charge o the public on the web site, v crisilsatings com. Crisil Ratings or its associates may have other commercial transac [Showing first 8,000 characters — download PDF for full document]