Credit Rating- Revision

August 27, 2026 BSE Limited National Stock Exchange of India Limited 20th Floor, P.J. Towers Exchange Plaza, C-1, Block G Dalal Street Bandra Kurla Complex, Bandra (E) Mumbai – 400001 Mumbai – 400 051 Scrip Code: 544868 Scrip Symbol: MILKYMIST Dear Sir/Madam, Subject: Intimation of Credit Rating Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 please find below the details of Credit Rating of the Company assigned by CRISIL Ratings Limited (“CRISIL”) vide their communication dated August 27, 2026. Total Bank Loan Facilities Rated Rs.1747 Crore Long Term Rating Crisil A+/Stable (Upgraded from 'Crisil A- / Positive' Short Term Rating Crisil A1 (Upgraded from 'Crisil A2+ ') Copy of the letter received from CRISIL is enclosed herewith. The rating rationale can be accessed on the website of the CRISIL at : crisilratings.com The above disclosure is also being made available on the website of the Company at www.milkymist.com. This is for your information and records. Thanking You, For Milky Mist Dairy Food Limited (formerly Known as Milky Mist Dairy Food Private Limited) S Prakash Company Secretary and Compliance Officer Membership No: A22495 Encl: a/a CONFIDENTIAL RL/MMDFPL/402823/BLR/0826/157283 August 27, 2026 Dr. Rathnam K Chief Executive Officer Milky Mist Dairy Food Limited SF.No.43/1-4 Perundurai(TK) Erode - 638057 9909012950 Dear Dr. Rathnam K, Re: Review of Crisil Ratings on the bank facilities of Milky Mist Dairy Food 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/facilities of the company, and the rating actions by Crisil Ratings on the ratings as on date. Total Bank Loan Facilities Rated Rs.1747 Crore Long Term Rating Crisil A+/Stable (Upgraded from 'Crisil A-/Positive') Short Term Rating Crisil A1 (Upgraded from 'Crisil A2+') (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 of this 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://www.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 March 31, 2027). Should you require any clarification, please feel free to get in touch with us. With warm regards, Yours sincerely, Disclaimer: A rating by Crisil Ratings reflects Crisil Ratings’ current opinion on the likelihood of timely 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 not responsible for any errors and especially states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of its ratings. Crisil Ratings’ criteria are available without charge to the public on the web site, www.crisilratings.com. Crisil Ratings or its associates may have other commercial transactions with the company/entity. For the latest rating information on any instrument of any company rated by Crisil Ratings, please visit www.crisilratings.com or contact Customer Service Helpdesk at Crisilratingdesk@crisil.com or at 1800-267-3850 Sajesh Kv 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 Outstanding Rating in Crore) 1 Cash Credit Indian Overseas Bank 64 Crisil A+/Stable 2 Cash Credit RBL Bank Limited 10 Crisil A+/Stable 3 Cash Credit Union Bank of India 22 Crisil A+/Stable 4 Cash Credit State Bank of India 38 Crisil A+/Stable 5 Cash Credit Indian Bank 66 Crisil A+/Stable 6 Cash Credit Axis Bank Limited 40 Crisil A+/Stable 7 Cash Credit The Federal Bank Limited 25 Crisil A+/Stable 8 Long Term Loan Indian Bank 170.17 Crisil A+/Stable 9 Long Term Loan Axis Bank Limited 38.29 Crisil A+/Stable 10 Long Term Loan State Bank of India 272.69 Crisil A+/Stable 11 Long Term Loan RBL Bank Limited 180.38 Crisil A+/Stable 12 Long Term Loan YES Bank Limited 140 Crisil A+/Stable 13 Long Term Loan Indian Overseas Bank 89.85 Crisil A+/Stable 14 Long Term Loan The Federal Bank Limited 74.34 Crisil A+/Stable 15 Long Term Loan Union Bank of India 46.28 Crisil A+/Stable 16 Long Term Loan Bank of Maharashtra 84.64 Crisil A+/Stable 17 Non-Fund Based Limit Indian Overseas Bank 7.36 Crisil A1 Proposed Fund-Based Bank 18 -- 378 Crisil A+/Stable Limits Total 1747 Disclaimer: A rating by Crisil Ratings reflects Crisil Ratings’ current opinion on the likelihood of timely 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 not responsible for any errors and especially states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of its ratings. Crisil Ratings’ criteria are available without charge to the public on the web site, www.crisilratings.com. Crisil Ratings or its associates may have other commercial transactions with the company/entity. 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