Niyogin Fintech Ltd — Updates, 24-06-2025: Company Update

niyogin

Niyogin Fintech Limited

(CIN L65910TN1988PLC131102)

Regd. office: M.I.G 944, Ground Floor, TNHB Colony, 1st Main road, Velachery, Chennai, Tamil Nadu – 600042

Corporate office: Neelkanth Corporate IT Park, 311/312, 3rd Floor, Kirol Road, Vidyavihar (w), Mumbai – 400086

Chennai Tel: 044 47210437 | Mumbai Tel: 022 62514646 | email: info@niyogin.in | Website: www.niyogin.com

June 24, 2025

To

BSE Limited

Phiroze Jeejeebhoy Towers,

Dalal Street, Fort

Mumbai -400001

BSE Scrip Code: 538772

Subject: Intimation under Securities and Exchange Board of India (Listing Obligations and

Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) -

Update on credit rating under Regulation 30 (6) of SEBI Listing Regulations

Dear Sir/ Ma’am,

Pursuant to Regulation 30 read with Schedule III of the SEBI Listing Regulations, we would like to inform

you of the credit ratings for the Company as under:

Rating Agency Facilities Size of issue

(Rs. in crores)

Rating/ Outlook Rating action

CRISIL Ratings Proposed Non-

Convertible

Debentures

Rs. 50 Crisil BBB- /

Negative

Assigned

Long Term Bank

Facilities

Rs. 50 Crisil BBB- /

Negative

Reaffirmed

Short Term Bank

Facilities

Crisil A3 Assigned

The said information will also be available on the website of the Company at www.niyogin.com

Kindly take the same on your record.

Yours faithfully,

For Niyogin Fintech Limited

Neha Daruka

Company Secretary

Enclosed: Credit Rating letters

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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 / sell or hold the rated instrument; 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 / users / transmitters / 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

Crisilratingdesk@crisil.com or at 1800-267-3850

CONFIDENTIAL

RL/NIFILI/371607/BLR/0625/122074

June 24, 2025

Mr. Abhishek Thakkar

Chief Financial Officer

Niyogin Fintech Limited

Niyogin Fintech Limited

Neelkanth Corporate IT Park

311/312, 3rd Floor, Kirol Road, Vidyavihar (W)

Mumbai City - 400086

9619464958

Dear Mr. Abhishek Thakkar,

Re: Review of Crisil Ratings to the bank facilities of Niyogin Fintech Limited

All ratings assigned by Crisil Ratings are kept under continuous surveillance and review.

Please find in the table below the ratings outstanding for the debt instruments/facilities of the company, and the rating

actions by Crisil Ratings on the ratings as on date.

Total Bank Loan Facilities RatedRs.50 Crore

Long Term RatingCrisil BBB-/Negative (Reaffirmed)

Short Term RatingCrisil A3 (Assigned)

(Bank-wise details as per Annexure 1)

As per our Rating Agreement, Crisil Ratings would disseminate the ratings, along with the outlook, through its

publications and other media, and keep the ratings, along with the outlook, under surveillance over the life of the

instrument/facility. Crisil Ratings reserves the right to withdraw, or revise the ratings, along with the outlook, at any time,

on the basis of new information, or unavailability of information, or other circumstances which Crisil Ratings believes

may have an impact on the ratings. Please visit www.crisilratings.com and search with the name of the rated entity to

access the latest rating/s.

In the event of the company not availing the proposed facilities within a period of 180 days from the date of this letter, a

fresh letter of revalidation from Crisil Ratings will be necessary.

Should you require any clarification, please feel free to get in touch with us.

With warm regards,

Yours sincerely,

Rounak Agarwal Nivedita Shibu

Associate Director - Crisil Ratings Director - Crisil Ratings

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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 / sell or hold the rated instrument; 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 / users / transmitters / 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

Crisilratingdesk@crisil.com or at 1800-267-3850

Annexure 1 - Bank-wise details of various facility classes (outstanding facilities)

S.No.Bank FacilityBankAmount (Rs. in Crore)Outstanding Rating

1Proposed Long Term Bank Loan Facility--48.32Crisil BBB-/Negative

2Short Term LoanIndusInd Bank Limited1.68Crisil A3

Total50

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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 / sell or hold the rated instrument; 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 / users / transmitters / 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

Crisilratingdesk@crisil.com or at 1800-267-3850

CONFIDENTIAL

RL/NIFILI/371607/NCD/0625/122075/168555428

June 24, 2025

Mr. Abhishek Thakkar

Chief Financial Officer

Niyogin Fintech Limited

Niyogin Fintech Limited

Neelkanth Corporate IT Park

311/312, 3rd Floor, Kirol Road, Vidyavihar (W)

Mumbai City - 400086

9619464958

Dear Mr. Abhishek Thakkar,

Re: Crisil Rating on the Rs. 50 Crore Non Convertible Debentures of Niyogin Fintech Limited

We refer to your request for a rating for the captioned Debt instrument.

Crisil Ratings has, after due consideration, assigned a Crisil BBB-/Negative (pronounced as Crisil triple B minus rating

with Negative outlook) rating to the captioned Debt instrument. Securities with this rating are considered to have moderate

degree of safety regarding timely servicing of financial obligations. Such securities carry moderate credit risk.

Further, in view of your decision to accept the Crisil Ratings, we request you to apprise us of the instrument 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 structure 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 the life of the instrument. Crisil Ratings

reserves the right to withdraw, or revise the rating / outlook assigned to the captioned instrument at any time, on the basis

of new information, or unavailability of information, 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 SEBI circular (reference number: CIR/IMD/DF/17/2013; dated October 22, 2013) on centralized database for

corporate bonds/debentures, you are required to provide international securities identification number (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.

The 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 necessary and relevant information at debtissue@crisil.com. This will enable Crisil Ratings to verify

and confirm 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 clarification you may need.

Should you require any clarification, please feel free to get in touch with us.

With warm regards,

Yours sincerely,

Rounak Agarwal Nivedita Shibu

Associate Director - Crisil Ratings Director - Crisil Ratings

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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 / sell or hold the rated instrument; 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 / users / transmitters / 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

Crisilratingdesk@crisil.com or at 1800-267-3850

Details of the Rs.50 Crore Non Convertible Debentures of

Niyogin Fintech Limited

1st tranche2nd tranche3rd tranche

Instrument Series:

Amount Placed:

Maturity Period:

Put or Call Options (if any):

Coupon Rate:

Interest Payment Dates:

Principal Repayment Details:DateAmountDateAmountDateAmount

Investors:

Trustees:

In case there is an offer document for the captioned Debt issue, please send us a copy of it.

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