Nile Ltd — Updates, 24-06-2025: Company Update

ERE E EL EE

IL I RE I IT IE D

PLOTNO.24AIA,MLAcOLONy,RonDNO.12,BANjAF`AHiLLs,

HYDERABAD -500 034, INDIA Phone : +9140 23606641

E-mail : ho@nilolimited.com websito : `^M/w.nil®limited.com

The Corporate Relations Department

BSE Limited,

P. J Towers,

Dalal Street, Fort

Mumbai-400 001

Sir'

An lso 9001 Company

CIN : L27029AP1984PLC004719

24th June, 2025

Scrip Code: 530129

Sub:lntimationaboutaffirmationandassignmentofcreditratingofBank

credit facility.

As per the provisions of Regulation-30 read with Part-A of Schedule-Hl to the

SEBl (LODR) Regulatlons, 2015, please find the enclosed copy of the Ratlng

letter issued by CARE Ratings Limited in connection with the rating of bank credit

facilities.

Thank you,

With regards,

For Nile Limited

feTh,l£

Rajani K

Company Secretary

FCS-8026

A®gd. Offlc® .. Plot No. 38 & 40, APIIC Industrial Park, Gajulamandyam ov), Ronigunta (M), Tirupati (Dist,) A.P., India-517 520

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CARE Ratings Limited

401, Ashoka Scintilla, 3-6-520, Himayat Nagar, Hyderabad - 500 029

Phone: +91-40-4010 2030

Corporate Office :4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express

Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-6754 3456 • www.careedge.in

CIN-L67190MH1993PLC071691

Page 1 of 4

No. CARE/HRO/RL/2025-26/1089

Shri Sandeep Vuyyuru Ramesh

Managing Director

Nile Limited

Plot No 24A/A, MLA Colony, Road No 12,

Banjara Hills,

Hyderabad

Telangana 500034

June 20, 2025

Confidential

Dear Sir,

Credit rating for bank facilities

On the basis of recent developments including operational and financial performance of your Company for FY25

(Abridged), and the possible impact of the same on the credit profile of your company our Rating Committee has

reviewed the following ratings:

Facilities Amount (₹ crore) Rating1 Rating Action

Long Term Bank Facilities 60.00 CARE A-; Stable Reaffirmed

Short Term Bank Facilities 30.00 CARE A2+ Reaffirmed

2. Refer Annexure 1 for details of rated facilities.

3. The rating report for the rating will be communicated to you separately. A write-up (press release) on the

above rating is proposed to be issued to the press shortly, a draft of which is enclosed for your perusal as Annexure

2. We request you to peruse the annexed document and offer your comments if any. We are doing this as a matter

of courtesy to our clients and with a view to ensure that no factual inaccuracies have inadvertently crept in. Kindly

revert as early as possible. In any case, if we do not hear from you by June 23, 2025, we will proceed on the basis

that you have no any comments to offer.

4. CARE Ratings Ltd. reserves the right to undertake a surveillance/review of the rating from time to time, based

on circumstances warranting such review, subject to at least one such review/surveillance every year.

1Complete definitions of the ratings assigned are available at www.careratings.com and in other CARE Ratings Ltd.’s publications.

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CARE Ratings Limited

401, Ashoka Scintilla, 3-6-520, Himayat Nagar, Hyderabad - 500 029

Phone: +91-40-4010 2030

Corporate Office :4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express

Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-6754 3456 • www.careedge.in

CIN-L67190MH1993PLC071691

Page 2 of 4

5. CARE Ratings Ltd. reserves the right to revise/reaffirm/withdraw the rating assigned as also revise the outlook,

as a result of periodic review/surveillance, based on any event or information which in the opinion of CARE Ratings

Ltd. warrants such an action. In the event of failure on the part of the entity to furnish such information, material or

clarifications as may be required by CARE Ratings Ltd. so as to enable it to carry out continuous monitoring of the

rating of the bank facilities, CARE Ratings Ltd. shall carry out the review on the basis of best available information

throughout the life time of such bank facilities. In such cases the credit rating symbol shall be accompanied by

“ISSUER NOT COOPERATING”. CARE Ratings Ltd. shall also be entitled to publicize/disseminate all the afore-

mentioned rating actions in any manner considered appropriate by it, without reference to you.

6. Our ratings do not take into account the sovereign risk, if any, attached to the foreign currency loans, and the

ratings are applicable only to the rupee equivalent of these loans.

7. Our ratings do not factor in any rating related trigger clauses as per the terms of the facility/instrument, which

may involve acceleration of payments in case of rating downgrades. However, if any such clauses are introduced and

if triggered, the ratings may see volatility and sharp downgrades.

8. Users of this rating may kindly refer our website www.careratings.com for latest update on the outstanding

rating.

9. CARE Ratings Ltd. ratings are not recommendations to sanction, renew, disburse or recall the concerned bank

facilities.

If you need any clarification, you are welcome to approach us in this regard.

Thanking you,

Yours faithfully,

Saba Shaikh Y Tejeshwar Reddy

Lead Analyst Associate Director

saba.shaikh@careedge.in tejeshwar.reddy@careedge.in

Encl.: As above

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CARE Ratings Limited

401, Ashoka Scintilla, 3-6-520, Himayat Nagar, Hyderabad - 500 029

Phone: +91-40-4010 2030

Corporate Office :4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express

Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-6754 3456 • www.careedge.in

CIN-L67190MH1993PLC071691

Page 3 of 4

Disclaimer This disclaimer pertains to the ratings issued and content published by CARE Ratings Limited (“CareEdge Ratings”). Ratings are opinions on the

likelihood of timely payment of the obligations under the rated instrument and are not recommendations to sanction, renew, disburse, or recall the concerned bank facilities or to buy, sell, or hold any security. Any opinions expressed herein are in good faith and are subject to change without notice.

The rating reflects the opinions as on the date of the rating. A rating does not convey suitability or price for the investor. The rating agency does not conduct an audit on the rated entity or an independent verification of any information it receives and/or relies on for the rating exercise. CareEdge

Ratings has based its ratings/outlook on the information obtained from reliable and credible sources. CareEdge Ratings does not, however, guarantee the accuracy, adequacy, or completeness of any information and is not responsible for any errors or omissions and the results obtained from the use of

such information. The users of the rating should rely on their own judgment and may take professional advice while using the rating in any way. CareEdge Ratings shall not be liable for any losses that user may incur or any financial liability whatsoever to the user of the rating. The use or access

of the rating does not create a client relationship between CARE and the user. CAREEDGE RATINGS DISCLAIMS WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR OTHER WARRANTIES OR CONDITIONS, TO THE EXTENT

PERMITTED BY APPLICABLE LAWS, INCLUDING WARRANTIES OF MERCHANTABILITY, ACCURACY, COMPLETENESS, ERROR-FREE, NON-INFRINGEMENT, NON-INTERRUPTION, SATISFACTORY QUALITY, FITNESS FOR A PARTICULAR PURPOSE OR INTENDED USAGE.

Most entities whose bank facilities/instruments are rated by CareEdge Ratings have paid a credit rating fee, based on the amount and type of bank

facilities/instruments. CareEdge Ratings or its subsidiaries/associates may also be involved with other commercial transactions with the entity. CareEdge

Ratings does not act as a fiduciary by providing the rating. The ratings are intended for use only within the jurisdiction of India. The ratings of

CareEdge Ratings do not factor in any rating-related trigger clauses as per the terms of the facilities/instruments, which may involve acceleration of

payments in case of rating downgrades. However, if any such clauses are introduced and triggered, the ratings may see volatility and sharp

downgrades. CareEdge Ratings has established policies and procedures as required under applicable laws and regulations which are available on its

website.

Privacy Policy applies. For Privacy Policy please refer to https://www.careratings.com/privacy_policy

© 2025, CARE Ratings Limited. All Rights Reserved.

This content is being published for the purpose of dissemination of information. Any use or reference to the contents herein on an “as-is” basis is

permitted with due acknowledgement to CARE Ratings. Reproduction or retransmission in whole or in part is prohibited except with prior written

consent from CARE Ratings.

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CARE Ratings Limited

401, Ashoka Scintilla, 3-6-520, Himayat Nagar, Hyderabad - 500 029

Phone: +91-40-4010 2030

Corporate Office :4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express

Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-6754 3456 • www.careedge.in

CIN-L67190MH1993PLC071691

Page 4 of 4

Annexure 1

Details of Rated Facilities

1. Long Term Facilities

1.A. Fund Based Limits

Sr.

No. Name of Bank / Lender

Rated Amount

(Rs. crore) Remarks

1. HDFC Bank Ltd. 40.00 CC/WCDL

2. Kotak Mahindra Bank Ltd. 20.00 CC/WCDL/PCFC

Total 60.00

Total Long Term Facilities : Rs.60.00 crore

2. Short Term Facilities

2.A. Non-Fund Based Limits

Sr.

No. Name of Bank / Lender

Rated Amount

(Rs. crore) Remarks

1. Kotak Mahindra Bank Ltd. 20.00 LC/BG/SBLC

2. HDFC Bank Ltd. 10.00 LC/BG

Total 30.00

Total Short Term Facilities : Rs.30.00 crore

Total Facilities (1.A+2.A) : Rs.90.00 crore

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