``` ```
Rating Agency Term Type Rating as on 31 March, 2026 Revisions during the year Obtained on
ICRA LT NCD / SD / CC / TL [ICRA]AA+ with Positive Outlook NA NCD MLD - March 23, 2026
NCD - March 23, 2026
TL / CC - March 13, 2026
LT PD [ICRA]AA with Positive Outlook NA PD - March 23, 2026
ST CP [ICRA]A1+ NA CP - March 23, 2026
CRISIL ST CP [CRISIL]A1+ NA CP - August 29, 2025
CARE LT PD CARE AA Stable NA PD - March 24, 2026
LT NCD / SD CARE AA+ Stable NA NCD - March 24, 2026
ST CP CARE A1+ NA CP - March 24, 2026
INDIA Ratings and Research Pvt Ltd LT NCD / SD IND AA+ with Stable Outlook NA NCD / SD - Feb 24, 2026
LT PD IND AA with Stable Outlook NA PD - Feb 24, 2026

Note: LT – Long Term Loan, ST – Short Term Loan, NCD – Non-Convertible Debenture, SD – Subordinated Debt Instrument, CC – Cash Credit, TL – Term Loan, CP – Commercial Paper, PD – Perpetual Debt Instrument.

Overview