Pasupati Spinning & Weaving Mills Ltd — Updates, 12-07-2025: Company Update

Dated: 12/07/2025

To,

BSE Limited,

Department of Corporate Services

Floor 14, P. J. Towers,

Dalal Street, Mumbai 400 001

Scrip Code: 503092 Scrip ID: PASUSPG

Dear Sir/ Madam,

Sub: Intimation of Credit Rating under SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015

With reference to the above captioned subject, please note that pursuant to Regulation 30 read with

Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,

(“Listing Regulations”), our Company has already submitted the credit rating report dated 09/07/2025

received from India Ratings & Research Private Limited vide acknowledgement number 10280313

dated 11/07/2025.

In response to the aforesaid submissions, we have received the BSE email dated 12/07/2025, wherein

we have been asked to furnish the additional details regarding mentioning of reason for not disclosing

the aforesaid credit rating report within 24 hours.

Now with respect to the additional information sought by BSE Limited vide their email dated

12/07/2025, we would like to submit that we have received the credit rating report dated 09/07/2025

from India Ratings & Research Private Limited vide their email dated 11/07/2025. And the said report

was immediately submitted with your exchange within 24 hours of receipt of the said report by us.

Hence there was no delay from our end. Further, we enclose herewith copy of email received from

India Ratings & Research Private Limited for your kind reference.

You are requested to take the aforesaid submissions on your records and oblige.

Thanking You,

For Pasupati Spinning and Weaving Mills Ltd

Vidit Jain

Whole Time Director

DIN: 01347588

Enclosures:

Enclosure:

1) Email received from India Ratings & Research Private Limited

2) Credit Rating Report

----------------Page (0) Break----------------

1

Deepika

From:Kedia, Shristi <shristi.kedia@indiaratings.co.in>

Sent:11 July 2025 10:04

To:cs@pasupatitextiles.com

Subject:FW: Rating Letter for BLR–Pasupati Spinning & Weaving Mills Limited

Attachments:PasupatiSpinningWeavingMillsLimited_RatingLetter-30800.pdf

Dear Sir/Madam,

Please find attached the rating letter issued by India Ratings. Please get in touch with the analyst in case of any issues.

Regards,

Shristi Kedia

Senior Research Associate, Mid-Corporates-Analytical

India Ratings & Research (Fitch Group)

Address :OM Towers,12th Floor,

Chowringhee Road, Kolkata - 700071

Mobile:+91 8697260420

shristi.kedia@indiaratings.co.in

www.indiaratings.co.in

From: AWCAdmin@indiaratings.co.in <AWCAdmin@indiaratings.co.in>

Sent: Friday, July 11, 2025 9:43 AM

To: ajay.monga@pasupatitextiles.com; ajay.monga@pasupatitextiles.com; m.kakkar@pasupatitextiles.com

Cc: Kedia, Shristi <shristi.kedia@indiaratings.co.in>; Keshri, Shubham <shubham.keshri@indiaratings.co.in>

Subject: Rating Letter for BLR–Pasupati Spinning & Weaving Mills Limited

Dear Sir/Madam,

Please find attached the rating letter issued by India Ratings. Please get in touch with the analyst in case of any issues.

This is a system generated email. Please don’t reply to this.

----------------Page (1) Break----------------

2

Best Regards,

India Ratings and Research

Confidentiality Notice: The information contained in this e-mail and any attachment(s) is confidential and for the use of the addressee(s) only. If you are not the

intended recipient of this e-mail, do not duplicate or redistribute it by any means. Please delete this e-mail and any attachment(s) and notify us immediately.

Unauthorized use, reliance, disclosure or copying of the contents of this e-mail and any attachment(s), or any similar action, is strictly prohibited. Fitch Ratings

reserves the right, to the extent permitted by applicable law, to retain, monitor and intercept e-mail messages both to and from its systems.

----------------Page (2) Break----------------

Mr. Ramesh Kumar Jain

Chairman & Managing Director

Pasupati Spinning & Weaving Mills Limited

127-128 Tribhuvan Complex,

Ishwar Nagar, Mathura Road,

New Delhi- 110065 (India)

July 09, 2025

Dear Sir/Madam,

Re: Rating Letter for BLR of Pasupati Spinning & Weaving Mills Limited

India Ratings and Research (Ind-Ra) has taken the following rating actions on Pasupati Spinning & Weaving Mills Limited's (PSWML) bank

facilities:

Instrument DescriptionMaturity DateSize of Issue (million)Rating Assigned along

with Outlook/Watch

Rating Action

Term loan31 August 2029INR44.59IND BB-/StableAssigned

Non-fund based working capital

limit

-INR59.55IND A4+Affirmed

Fund-based working capital limit-INR338.25 (reduced from

INR355.30)

IND BB-/StableAffirmed

Working capital term loan-INR17.75 (reduced from

INR48.32)

IND BB-/StableAffirmed

Term loan30 November 2027INR30.04IND BB-/StableAffirmed

In issuing and maintaining its ratings, India Ratings relies on factual information it receives from issuers and underwriters and from other sources

India Ratings believes to be credible. India Ratings conducts a reasonable investigation of the factual information relied upon by it in accordance

with its ratings methodology, and obtains reasonable verification of that information from independent sources, to the extent such sources are

available for a given security.

The manner of India Ratings factual investigation and the scope of the third-party verification it obtains will vary depending on the nature of the

rated security and its issuer, the requirements and practices in India where the rated security is offered and sold, the availability and nature of

relevant public information, access to the management of the issuer and its advisers, the availability of pre-existing third-party verifications such as

audit reports, agreed-upon procedures letters, appraisals, actuarial reports, engineering reports, legal opinions and other reports provided by third

parties, the availability of independent and competent third-party verification sources with respect to the particular security or in the particular

jurisdiction of the issuer, and a variety of other factors.

Users of India Ratings ratings should understand that neither an enhanced factual investigation nor any third-party verification can ensure that all

of the information India Ratings relies on in connection with a rating will be accurate and complete. Ultimately, the issuer and its advisers are

responsible for the accuracy of the information they provide to India Ratings and to the market in offering documents and other reports. In issuing

its ratings India Ratings must rely on the work of experts, including independent auditors with respect to financial statements and attorneys with

----------------Page (3) Break----------------

Abhash Sharma

Senior Director

respect to legal and tax matters. Further, ratings are inherently forward-looking and embody assumptions and predictions about future events that

by their nature cannot be verified as facts. As a result, despite any verification of current facts, ratings can be affected by future events or

conditions that were not anticipated at the time a rating was issued or affirmed.

India Ratings seeks to continuously improve its ratings criteria and methodologies, and periodically updates the descriptions on its website of its

criteria and methodologies for securities of a given type. The criteria and methodology used to determine a rating action are those in effect at the

time the rating action is taken, which for public ratings is the date of the related rating action commentary. Each rating action commentary provides

information about the criteria and methodology used to arrive at the stated rating, which may differ from the general criteria and methodology for

the applicable security type posted on the website at a given time. For this reason, you should always consult the applicable rating action

commentary for the most accurate information on the basis of any given public rating.

Ratings are based on established criteria and methodologies that India Ratings is continuously evaluating and updating. Therefore, ratings are the

collective work product of India Ratings and no individual, or group of individuals, is solely responsible for a rating. All India Ratings reports have

shared authorship. Individuals identified in an India Ratings report were involved in, but are not solely responsible for, the opinions stated therein.

The individuals are named for contact purposes only.

Ratings are not a recommendation or suggestion, directly or indirectly, to you or any other person, to buy, sell, make or hold any investment, loan or

security or to undertake any investment strategy with respect to any investment, loan or security or any issuer. Ratings do not comment on the

adequacy of market price, the suitability of any investment, loan or security for a particular investor (including without limitation, any accounting

and/or regulatory treatment), or the tax-exempt nature or taxability of payments made in respect of any investment, loan or security. India Ratings

is not your advisor, nor is India Ratings providing to you or any other party any financial advice, or any legal, auditing, accounting, appraisal,

valuation or actuarial services. A rating should not be viewed as a replacement for such advice or services. Investors may find India Ratings

ratings to be important information, and India Ratings notes that you are responsible for communicating the contents of this letter, and any changes

with respect to the rating, to investors.

It will be important that you promptly provide us with all information that may be material to the ratings so that our ratings continue to be

appropriate. Ratings may be raised, lowered, withdrawn, or placed on Rating Watch due to changes in, additions to, accuracy of or the inadequacy

of information or for any other reason India Ratings deems sufficient.

Nothing in this letter is intended to or should be construed as creating a fiduciary relationship between India Ratings and you or between India

Ratings and any user of the ratings.

In this letter, “India Ratings” means India Ratings & Research Pvt. Ltd. and any successor in interest.

We are pleased to have had the opportunity to be of service to you. If we can be of further assistance, please email us at

infogrp@indiaratings.co.in

Sincerely,

India Ratings

PasupatiSpinningWeavingMillsLimited09-July-2025

----------------Page (4) Break----------------

Annexure: Facilities Breakup

Instrument DescriptionBanks NameRatingsOutstanding/Rated Amount(INR million)

Fund Based Working Capital LimitBank of BarodaIND BB-/Stable122.70

Non-Fund Based Working Capital LimitBank of BarodaIND A4+19.55

Fund Based Working Capital LimitCanara BankIND BB-/Stable73.45

Non-Fund Based Working Capital LimitCanara BankIND A4+15.00

Fund Based Working Capital LimitState Bank of IndiaIND BB-/Stable98.30

Fund Based Working Capital LimitPunjab National BankIND BB-/Stable33.50

Non-Fund Based Working Capital LimitPunjab National BankIND A4+8.00

Non-Fund Based Working Capital LimitState Bank of IndiaIND A4+13.50

Fund Based Working Capital LimitThe Nainital Bank LimitedIND BB-/Stable10.30

Non-Fund Based Working Capital LimitThe Nainital Bank LimitedIND A4+3.50

Term LoanCanara BankIND BB-/Stable14.76

Working Capital Term LoanCanara BankIND BB-/Stable3.88

Working Capital Term LoanState Bank of IndiaIND BB-/Stable6.05

Working Capital Term LoanBank of BarodaIND BB-/Stable7.82

Term loanPunjab National BankIND BB-/Stable59.87

PasupatiSpinningWeavingMillsLimited09-July-2025

----------------Page (5) Break----------------