Reaffirmation of Credit Rating.

Ref.: AY/Sectl/2A 28th August, 2026 The General Manager Corporate Relationship Department BSE Limited, P. J. Towers, Dalal Street, Fort, Mumbai – 400 001 Dear Sir(s), Sub.: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Pursuant to the provisions of regulation 30 of SEBI (LODR) Regulations, 2015, as amended, this is to inform you that Acuité Ratings and Research Limited has reaffirmed the long-term rating of ‘ACUITÉ B’ (read as ACUITÉ B) on the Rs. 126.64 crore bank facilities of Andrew Yule & Co. Ltd. (AYCL) and reaffirmed the short-term rating of ‘ACUITÉ A4’ (read as ACUITÉ A Four) on the Rs. 28.36 crore bank facilities of AYCL. The outlook is ‘Stable’. Rationale for rating The rating factors in the company’s long track record of operations, marginal moderation in operating revenue during FY2026 albeit marginal improvement in Q1FY2027 operating revenue to Rs. 58.30 crore as against Rs. 56.14 crore in Q1FY2026. The rating is, constrained by increasing operating losses in FY2026, primarily due to higher labour costs in the tea division, along with a constrained financial risk profile marked by declining net worth and weak debt protection and coverage indicators. The working capital cycle remained intensive during FY2026. While liquidity remained stretched during the year, the company has received financial assistance of Rs. 30 crores from the Government of India and Rs. 5 crores from the Tea Board and has recently availed a working capital term loan under ECGLS 5 scheme of Rs. 12 crores, which has supported and improved its overall liquidity position. This is for your kind information and records. Thanking you. Yours faithfully, Andrew Yule & Co. Ltd. (Sucharita Das) Company Secretary