Credit Rating

27th August 2026 To, To, The Manager - Listing Department, Manager-Department of Corporate Services The National Stock Exchange of India Ltd, BSE Limited Exchange Plaza, 5th floor, Jeejeebhoy Towers, Plot no. C/1, “G” Block, Dalal Street, Fort, Bandra-Kurla Complex, Mumbai - 400 001 Mumbai-400051 Symbol: APCOTEXIND Security Code: 523694 Dear Sir/ Madam, Sub: Intimation of Credit Rating under Regulations 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 Pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that ICRA Limited, vide its letter dated 26th August 2026, has reaffirmed the credit ratings assigned to the Company’s various instruments. The copy of said ratings/rationale is enclosed herewith. The said ratings/rationale is also available on the website of the Company i.e. www.apcotex.com. Request you to kindly take the same in record. Thanking you, For Apcotex Industries Limited Drigesh Mittal Head - Company Secretary & Legal ICRA/Apcotex Industries Limited/26082026/1 Date: August 26, 2026 Mr. Vivek Thakur Chief Financial Officer Apcotex Industries Limited C-403/404, 4th Level, Wing C, Tower 1, Seawoods Grand Central, Sector 40, Navi Mumbai – 400706, Maharashtra, India Dear Sir, Re: ICRA’s Credit Rating for below mentioned Instruments of Apcotex Industries Limited As per the Rating Agreement/Statement of Work executed with ICRA Limited, ICRA’s Rating Committee has taken the following rating actions for the mentioned instruments of your company. Financial Rated Amount Instrument Rating Action1 Sector (Rs. crore) Regulator# Long Term-Fund Based-Cash Credit 168.00 [ICRA]AA-(Stable); reaffirmed and assigned for enhanced RBI amount Long Term-Fund Based-Term Loan 196.89 [ICRA]AA-(Stable); reaffirmed and assigned for enhanced RBI amount Long Term Interchangeable-Others (50.00) [ICRA]AA-(Stable); reaffirmed RBI Long Term / Short Term-Fund Based 110.00 [ICRA]AA-(Stable)/ [ICRA]A1+; -Cash Credit reaffirmed Long Term / Short Term-Fund 60.00 [ICRA]AA-(Stable)/ [ICRA]A1+; Based/Non Fund Based-Others reaffirmed Short Term-Interchangeable-Bank (60.00) [ICRA]A1+; reaffirmed Guarantee Short Term-Interchangeable-Buyers (50.00) [ICRA]A1+; reaffirmed and Credit/Suppliers Credit assigned for enhanced RBI amount Short Term-Interchangeable-Letter (110.00) [ICRA]A1+; reaffirmed of Credit Short Term-Non Fund Based-Others 54.00 [ICRA]A1+; reaffirmed RBI Total 588.89 #SEBI’s grievance redressal/dispute resolution and SEBI investor protection mechanisms such as SCORES and ODR shall not be available for activities and instruments which fall under the regulatory purview of Financial Sector Regulators other than SEBI. The aforesaid rating(s) will become due for surveillance within one year from the date of rating communication letter. However, ICRA reserves the right to review and/or, revise the above rating(s) at any time based on new information becoming available, or the required information not being available, or other circumstances that ICRA believes could have an impact on the rating(s). Therefore, request the lenders and investors to visit ICRA website at www.icra.in for latest rating(s) of the company. 1 Complete definitions of the ratings assigned are available at www.icra.in. ICRA Limited Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel. +91-11-23357940-41 Building No. 8, 2nd floor, Tower A, DLF Cyber City, Phase II, Gurugram-122002 www.icra.in info@icraindia.com +91-93547-38909 +0124-4545300 CIN: L74999DL1991PLC042749 The rating(s) are specific to the terms and conditions of the instruments as indicated to us by you, and any change in the terms or size of the same would require a review of the rating(s) by us. In case there is any change in the terms and conditions or the size of the rated instrument, the same must be brought to our notice before the instrument is used by you. In the event such changes occur after the rating(s) have been assigned by us and their use has been confirmed by you, the rating(s) would be subject to our review, following which there could be a change in the rating(s) previously assigned. Notwithstanding the foregoing, any change in the over-all limit of the instrument from that specified in this letter, would constitute an enhancement that would not be covered by or under the said Rating Agreement. The rating(s) assigned must be understood solely as an opinion and should not be treated, or cause to be treated, as recommendation to buy, sell, or hold the rated instrument availed/issued by your company. You are also requested to forthwith inform us about any default or delay in repayment of interest or principal amount of the instrument rated, as above, or any other debt instruments/ borrowing and keep us informed of any other developments which may have a direct or indirect impact on the debt servicing capability of the company including any proposal for re-schedulement or postponement of the repayment programmes of the dues/ debts of the company with any lender(s) / investor(s), or occurrence of any significant development that could impact the ability of the company to raise funds such as restriction imposed by any authority from raising funds through issuance of debt securities through electronic bidding system. Further, you are requested to inform us immediately as and when the borrowing limit for the instrument rated, as above, or as prescribed by the regulatory authority(ies) is exceeded. We look forward to your communication and assure you of our best services. With kind regards, Yours sincerely, For ICRA Limited Prashant Vasisht Senior Vice President and Co-Group Head prashant.vasisht@icraindia.com Sensitivity Label : Internal Annexure Details of Bank Limits Rated by Amount (Rs. crore) Rating Rating Assigned On ICRA (Rated on Long-Term Scale) Cash Credit Limits State Bank of India 118.00 CTBC Bank 50.00 Term Loan [ICRA]AA- August 18, 2026 HDFC Bank 196.89 (Stable) Interchangeable Limits State Bank of India (50.00)* Total 364.89 *Interchangeable with long-term working capital limits Details of Bank Limits Rated by Amount (Rs. crore) Rating Rating Assigned On ICRA (Rated on Short-Term Scale) Letter of Credit /Bank Guarantee Limits/ Forward Contract State Bank of India 26.00 State Bank of India 26.00 State Bank of India 2.00 Interchangeable Limits [ICRA]A1+ August 18, 2026 Citi Bank (60.00)** HDFC Bank (110.00) State Bank of India (50.00) Total 54.00 ** Interchangeable with long-term/short-term limits Details of Bank Limits Rated by Amount (Rs. crore) Rating Rating Assigned On ICRA (Rated on Long-Term/ Short-Term Scale) Fund based / Non-Fund Based Limits Citi Bank 60.00 [ICRA]AA- HDFC Bank 110.00 (Stable)/ August 18, 2026 Total 170.00