Credit Rating- New

Larsen & Toubro Limited Secretarial Department L&T House, Ballard Estate Narottam Morarjee Marg Mumbai - 400 001, INDIA Tel: +91 22 6752 5656 Fax: +91 22 6752 5858 Fax: +91 22 6752 5858 www.Larsentoubro.com www.Larsentoubro.com Email: igrc@larsentoubro.com Email: igrc@larsentoubro.com CIN : L99999MH1946PLC004768 CIN : L99999MH1946PLC004768 SEC/2026 July 7, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jejeebhoy Towers, Exchange Plaza, 5th Floor Dalal Street, Plot No.C/1, G Block MUMBAI - 400 001 Bandra-Kurla Complex STOCK CODE: 500510 Bandra (E), Mumbai - 400 051 STOCK CODE: LT Dear Sirs/Madam Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) – Credit Rating Pursuant to Regulation 30 of SEBI LODR read with master circular HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026, we wish to inform you that Moody’s Credit Ratings has on July 6, 2026, assigned “Baa1” long -term issuer ratings with “Stable” Outlook to the Company. We further wish to inform you that Moody’s Credit Ratings has assigned “Baa1” long-term issuer ratings with “Stable” Outlook to the Hydrocarbon Saudi Company LLC, a wholly owned subsidiary of the Company. The link for the rating as published by Moody’s is as follows L&T’s Credit Rating - https://ratings.moodys.com/ratings-news/468659 Hydrocarbon Saudi Company https://ratings.moodys.com/ratings-news/468660 LLC Credit Rating - We also enclose herewith a copy of Press Release that is being issued by the Company today, in connection with the above. Kindly take the above on record. Thank You Yours sincerely, For Larsen & Toubro Limited Subramanian Narayan Company Secretary & Compliance Officer (ACS 16354) Larsen & Toubro Secures Moody’s ‘Baa1’ Rating Two Notches Above India’s Sovereign Grade Mumbai, July 7, 2026: Larsen & Toubro Limited (L&T) has secured a ‘Baa1’ long term issuer rating with a ‘Stable’ outlook from Moody’s Ratings, reinforcing the Group’s robust credit profile and financial resilience. The ‘Baa1’ rating signifies a quality investment-grade credit profile, reflecting strong capacity to meet financial commitments and a low level of credit risk. It also underscores L&T’s prudent financial management and consistent operational performance. The 'Stable' outlook reflects expectations that L&T and its core international subsidiaries will maintain strict fiscal discipline, comfortable leverage levels and healthy operating margins as high-margin engineering services and large-scale EPC projects in West Asia continue to scale. Key Elements of Moody’s Rating Evaluation Moody’s comprehensive credit profile balances L&T’s structural operational strengths against inherent macro-level industry challenges: Core Credit Strengths: • Diversified conglomerate with deep track record. • Dominant market position & revenue visibility • Exemplary corporate governance • Favourable industry prospects in the domestic and international infrastructure landscape Notably, this premium rating stands two notches above India’s sovereign rating of ‘Baa3’, positioning L&T among an exclusive group of Indian multinational corporates evaluated stronger than the country’s sovereign rating. Moody’s, the global ratings major, has also assigned a matching ‘Baa1’ rating to L&T Hydrocarbon Saudi Company (a subsidiary of L&T), reflecting the business vertical’s tight operational integration with the parent Company and the strategic importance of Larsen & Toubro’s West Asia operations. Background: Larsen & Toubro is a USD 32 billion Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing, Products and Services, operating across diverse domains and multiple geographies. With a strong impetus towards AI & technology, customer–focussed approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades. Media Contact: Sumeet Chatterjee Head - Corporate Brand Management & Communications sumeet.chatterjee@larsentoubro.com