Disclosure regarding new credit rating. kindly refer attached press release for further details.

SUGS LLOYD LIMITED (Formerly) SUGS LLOYD PRIVATE LIMITED) oaN ISO 9001: 2015 CERTIFIED Corporate Office: 2" Floor Logix Park, SUGS LLOYD Plot No A4 and 5 Sector 16, Noida, Uttar Pradesh, India, 201301 E mail: compliance@sugslloyds.com Website: www.sugslloyds.com Date: 26" August, 2026 BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai — 400001. Company Scrip Code: 544501 Company Symbol: SUGSLLOYD Dear Sir /Ma'am, Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 — Revision in Credit Rating Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI Listing Regulations, we wish to inform that the credit rating company, Crisil Ratings Limited has assigned the credit ratings assigned to the Bank Facilities of the company, new credit rating by CRISIL has been assigned to the following instrument(s) of the Company: Facilities Amount Rating Rating (® crore) Action Long Term Loan Facilities 106.00 CRISIL BBB/Stable Assigned Short Term Loan Facilities 119.00 CRISIL A3+ Assigned Copy of Press release dated August 26, 2026 issued by Crisil Ratings Limited is enclosed below. You are requested to take the above information on your record. Thanking you, Yours faithfully For Sugs Lloyd Limited Nimmy Singh Chauhan Company Secretary and Compliance Officer Place: Noida Encl: As above CIN: L74900DL2009PLC194400 Registered office: Office No-8B, CSC-I, Behind Narwana Appartments, New Delhi, India, 110092 Crisil Ratings Rating Rationale August 26, 2026 | Mumbai Sugs Lloyd Limited ‘Crisil BBB / Stable / Crisil A3+ ' assigned to Bank Debt Rating Action Total Bank Loan Facilities Rated Rs.225 Crore Regulator Of Instrument Long Term Rating Crisil BBB/Stable (Assigned) RBI Short Term Rating Crisil A3+ (Assign ed) RBI 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. 1 crore = 10 million Refer to Annexure for Details of Instruments & Bank Facilities Detailed Rationale Crisil Ratings has assigned its ‘Crisil BBB/Stable/Crisil A3+’ ratings to the bank facilities of Sugs Lloyd Limited (SLL). The ratings reflect extensive experience of the promoters in the electrical transmission and distribution industry, diversified reach across segments and geographies, with a strong order book, and comfortable financial risk profile of the company. These strengths are partially offset by working capital-intensive operations and exposure to various risks arising from intense competition. Analytical Approach Crisil Ratings has evaluated the standalone business and financial risk profiles of SLL. Unsecured loan of Rs 10 crore as on March 31, 2026, has been treated as debt. Key Rating Drivers - Strengths Extensive experience of the promoters in the industry: The promoters, Santosh Kumar Shah and Priti Shah, have over two decades of experience in engineering, procurement and construction (EPC) segment, mainly electrical transmission and distribution. Strong technical and project management capabilities, gained over the years, and healthy relationships with suppliers and customers, have ensured repeat order inflow. Successful and timely execution of various EPC contracts has further ensured steady growth in the scale of operations. Revenue has grown to Rs 300 crore in fiscal 2026, from Rs 23 crore in fiscal 2022. Revenue of Rs 78 crore has been booked for the first quarter of fiscal 2027, and the overall scale should improve over the medium term. Diversified reach across segments and geographies, with a strong order book: SLL undertakes projects across various segments, including solar, electrical and civil EPC, and also manufactures niche electrical products. The well- diversified project mix helps in negating business over-dependency and mitigates the impact of slowdown of any particular segment. The company also has a vast reach, spanning Bihar, Delhi, Gujarat, Himachal Pradesh, Maharashtra, Odisha, Punjab and Uttar Pradesh. Healthy order book worth more than Rs 807 crore as on June 30, 2026, to be executed in the next 12—24 months, offers sufficient revenue visibility for the near term. Comfortable financial risk profile: Networth stood at Rs 137 crore as on March 31, 2026, driven by equity raising of Rs 72 crore through an initial public offer (IPO) in September 2025 and steady accretion to reserve. However, gearing and total outside liabilities to adjusted networth (TOLANW) ratio stood at 2.1 times and 2.5 times, respectively, as on March 31, 2025, owing to high reliance on external debt and creditors to meet working capital requirement. However, the gearing and TOLANW ratio have improved to 0.5 time and 1 time, respectively, as on March 31, 2026, driven by funds raised via IPO and is expected to remain below 1 time over the medium term. Debt protection metrics were above-average, as indicated by interest coverage and net cash accrual to adjusted debt ratios of 6.3 times and 0.4 time, respectively, for fiscal 2026, aided by healthy profitability. The metrics are likely to remain comfortable over the medium term. Key Rating Drivers - Weaknesses Large working capital requirement: The working capital requirement is stretched as indicated by estimated gross current assets of 265 days as on March 31, 2026, and is further expected to increase over the medium term. This is driven by stretched receivables of around 245 days, while inventory was moderate at 14 days as on March 31, 2026. Receivables were stretched owing to large credit period and retention money, with certain receivables not due yet. Inventory primarily comprises work-progress stock but may increase due to the ongoing projects. With increasing scale of operations, the working capital requirement will continue to increase, and its effective management will remain monitorable over the medium term. Exposure to intense competition: SLL is engaged in design, supply, erection, commissioning of electrical substations and power distribution and renewable projects. Revenue and profitability entirely depend on the company’s ability to secure tenders. However, the low entry barriers and modest capital intensity have led to intense competition, which in turn, restricts the pricing flexibility and bargaining power of players. SLL also faces stiff competition from few large players in the power transmission business, and aggressive bidding constrains profitability. Ability to maintain profitability via operating efficiency and undertake high-margin projects remains critical and hence, monitorable. Liquidity Adequate Bank limit utilisation was moderate at 85% on average over the 12 months through June 2026. Annual cash accrual is expected to be Rs 35-40 crore against which the company doesn’t have any debt obligations. In addition, it will cushion liquidity. Current ratio was moderate at 2.2 times as on March 31, 2026. The promoters are likely to extend equity and unsecured loans to cover the working capital requirement and debt servicing. Cash and bank balance was around Rs 25 crore as on March 31, 2026, majority of which is lien marked. Outlook Stable Crisil Ratings believes SLL will continue to benefit from the extensive experience of its promoters, with strong technical capabilities, and established relationships with clients. Rating sensitivity factors Upward factors ¢ Significant increase in the scale of operations, with operating margin above 15%, leading to high cash accrual e Sustenance of the financial risk profile Downward factors e Lower-than-expected scale of operations or profitability leading to cash accrual of less than Rs 15 crore e Stretch in the working capital cycle straining the financial risk profile and liquidity About the Company New Delhi-based SLL was incorporated as a private limited company in 2009 and was reconstituted as a public limited com [Showing first 8,000 characters — download PDF for full document]