Credit Rating by Crisil Ratings Limited for Non-Convertible Debentures

31st August, 2026 BSE Limited The National Stock Exchange of India Ltd. Corporate Services Department Corporate Communications Department Phiroze Jeejeebhoy Towers “Exchange Plaza”, 5th Floor, Dalal Street, Bandra – Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 BSE Scrip Code: 540376 NSE Scrip Symbol: DMART Sub: Credit Rating Dear Sir/ Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we wish to inform you that Crisil Ratings Limited, vide its letter dated 31st August, 2026, has assigned the following credit rating to the Company’s Non-Convertible Debentures: Rated Instrument Non-Convertible Debentures Rated Amount Rs. 1,000 crores Rating CRISIL AAA/Stable The copy of the aforesaid Credit Rating letter received from Crisil Ratings Limited is enclosed herewith. This is for your information and record. Thanking You, For Avenue Supermarts Limited Ashu Gupta Company Secretary & Compliance Officer Encl: As above Crisil Ratings CONFIDENTIAL RUA VNSPU402665/NCD/0826/l 5 77 62/168561716 August 31, 2026 Mr. iladri Deb Chief Financial Officer Avenue Supei·marts Limited Anjaneya Cooperative Housing Society Ltd, Opposite Hiranandani Foundation School, Orchard Avenue, Powai Mumbai City-400076 9833001110 Dear Mr. Niladri Deb, Re: Crisil Rating on the Rs. 1000 Cl'Ore Non Convertible Debentures of Avenue Supermarts Limited We refer to yom request for a rating for the captioned Debt instrument. Crisil Ratings has, after due consideration, assigned a Crisil AAA/Stable (pronom1ced as Crisil triple A rating with Stable outlook) rating to the captioned Debt instnunent. SecW'ities with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such securities carry lowest credit risk. Further, in view of your decision to accept the Crisil Ratings, we request you to apprise us of the instnunent details (in the enclosed format) as soon as it has been placed. In the event of your company not making the issue within a period of 180 days from the above date, or in the event of any change in the size or stmcttu·e of your proposed issue, a fresh letter of revalidation from Crisil Ratings will be necessary. As per our Rating Agreement, Crisil Ratings would disseminate the rating along with outlook through its publications and other media, and keep the rating along with outlook under surveillance for tl1e life of the instnllllent. Crisil Ratings reseives the right to withdraw, or revise the rating/ outlook assigned to the captioned instnllllent at any time, on the basis of new information, or unavailability of infonnation, or other circumstances which Crisil Ratings believes may have an impact on the rating. Please visit www.crisilratings.com and search with the name of the rated entity to access the latest rating/s. As per SEHi circular (reference number: CIR/IMD/DF/17/2013; dated October 22, 2013) on centralized database for co1porate bonds/debentures, you are required to provide international securities identification mllllbei· (ISIN; along with the reference number and the date of the rating letter) of all bond/debenture issuances made against this rating letter to us. TI1e circular also requires you to share this information with us within 2 days after the allotment of the ISIN. We request you to mail us all the necessruy and relevru1t infonnation at debtissue@crisil.com. Tius will enable Crisil Ratings to verify and confinn to the depositories, including NSDL and CDSL, the ISIN details of debt rated by us as required by SEBI. Feel free to contact us at debtissue@crisil.com for any clru'ification you may need. Crisil Ratings' products/ activities or ratings of instmments other than 'secmities that ru·e listed or proposed to be listed' may fall under the pwview of financial sector regulators (FSRs) other than SEBI. In respect of such products / activities or ratings (rn1der the purview of other FSRs such as Rese1ve Batik of India (RBI), Ministty of Co1porate Affairs (MCA), Insurance Regulatory and Development Authority of India (IRDAI), among others), the gi'ievance / dispute redressal ru1d investor protection mechanisms available tmdei· SEBI regulations shall not be applicable. A list of products/activi • ratings of instnunents falling under the putview of vru'ious FSRs along with the nrunes of respective FSRs has been disclosed by Ct'isil Ratings on its website. A lirlk to the same has been provided below for ready referei1ce: https://www.c11silratings.com/en/home/orn·-business/ratings/regulat01y-disclosrn·es/list-of-activities-instt111nents-and nrunes-of-regulators.htrnl Should you require ru1y clarification, please feel free to get in touch with us. 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 I sell or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. cn·siI 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 I users I transmitters I 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 Crisilrati crisil.com or at 1800-267-3850 Crisil Ratings Limited Corporate Identity Number: U67100MH2019PLC326247 Registered Office: Lightbridge IT Park, Saki Vihar Road, Andheri East, Mumbai 400 072, India. Phone: +91226137 3000 I www.crisilratings.com a company of S&P Global Crisil Ratings With wrum regru·ds, Y oW"s sincerely, Ani!More Nivedita Shibu Associate Director -C:risil Ratings Director -C:risil Ratings Details of the Rs. 1000 Cl"Ore Non Conve1·tible Debentures of Avenue Supermarts Limited 1st tranche 2nd tranche 3rd tranche Instrument Series: Amount Placed: Maturity Period: Put or Call Options (if any): Coupon Rate: Interest Payment Dates: Principal Repayment Details: Date Amount Date Amount Date Amount Investors: Trostees: In case there is an offer document for the captioned Debt issue, please send us a copy of it. 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 Cris/I 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 I sell or hold the rated insrrument; 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 I users I transmitters I distributors of its ratings. Crisil Ratings' criteria are available without charge to the public on the web si [Showing first 8,000 characters — download PDF for full document]