Credit Rating

GPIL/2026-27 July 8, 2026 The Manager The Manager BSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, Bandra Kurla Complex Floor 25, P. J. Towers, Dalal Street Bandra (E), Mumbai-400001 Mumbai - 400 051 Scrip Code: 542857 Symbol - GREENPANEL Dear Sir, Sub: Credit Rating Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that ICRA Limited vide its letter No. ICRA/Greenpanel Industries Limited/08072026/1 dated July 08, 2026, has assigned/reaffirmed the credit ratings for bank facilities of the Company as mentioned below: Previous Rated Amount Current Rated Amount Facilities Rating Action (Rs. In Crores) (Rs. In Crores) [ICRA]A+ (Negative); Long term - Fund reaffirmed and Based - Working 120.00 160.00 assigned for enhanced Capital Facilities amount Long term –Fund [ICRA]A+ (Negative); 80.00 80.00 Based – Term Loan Reaffirmed Short term – Non [ICRA]A1+; Reaffirmed 20.00 - Fund Based facilities and withdrawn Total Bank facilities 220.00 240.00 A copy of letter No. ICRA/Greenpanel Industries Limited/08072026/1 dated July 08, 2026, is enclosed. Kindly take the above on record. Thanking You Yours faithfully For Greenpanel Industries Limited Company Secretary & VP-Legal ACS:18675 Encl. as Above ICRA Limited ICRA/Greenpanel Industries Limited/08072026/1 Date: July 08, 2026 Mr. Himanshu Jindal Greenpanel Industries Limited DLF Downtown, Block – 3, 1st Floor, DLF Phase 3, Sector 25A Gurugram – 122002, Haryana Dear Sir, Re: ICRA’s Credit Rating for below mentioned Instruments of Greenpanel 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. Rated Amount Instrument Rating Action1 (Rs. crore) Long-term - Fund-based – Working [ICRA]A+ (Negative); reaffirmed and 160.00 capital facilities assigned for enhanced amount Long term - Fund-based - Term Loans 80.00 [ICRA]A+ (Negative); reaffirmed Short-term - Non-fund based facilities 0.00 [ICRA]A1+; reaffirmed and withdrawn Total 240.00 The aforesaid rating(s) will become due for surveillance within one year from the date of rating communication letter.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. 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 1 Complete definitions of the ratings assigned are available at www.icra.in. BuildSinegn Nsiot.i v8i,t 2yn Ld aFbloeolr ,: TInowteerrn Aa l Tel.: +91.124 .4545300 Website: www.icra.in DLF Cyber City, Phase II CIN: L749999DL1991PLC042749 Email: info@icraindia.com Gurugram – 122002, Haryana Helpdesk: +91 9354738909 Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel.: +91.11.23357940-41 RATING ● RESEARCH ● INFORMATION 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 Anupama Reddy Vice President and Co-Group Head anupama.reddy@icraindia.com Sensitivity Label : Internal Annexure Details of Bank Limits Rated by ICRA Instrument Name Amount (Rs. Crore) Rating Rating Assigned On Axis Bank Limited Fund Based Limits 50.00 [ICRA]A+ (Negative) July 03, 2026 Citibank N.A. Fund Based Limits 60.00 [ICRA]A+ (Negative) July 03, 2026 ICICI Bank Limited Fund Based Limits 50.00 [ICRA]A+ (Negative) July 03, 2026 Citibank N.A. Term Loans 80.00 [ICRA]A+ (Negative) July 03, 2026 Total 240.00 Sensitivity Label : Internal