Diffusion Engineers Limited — Capital/Financing Update 2025

Jan 24, 2025

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Date: January 24, 2025

To, The Manager Listing Department National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block Bandra Kurla Complex Bandra (East), Mumbai - 400 051 NSE Symbol: DIFFNKG

To, The Manager Corporate Relationship Department BSE Limited Floor 25, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 BSE Scrip Code - 544264

Dear Sir/Madam,

‐ Sub : Intimation about Revision in Credit Rating under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 30(6) read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 (the “Regulations”), we hereby inform you of the revised credit ratings assigned by Acuite Ratings & Research Limited for the bank-based facilities of the Company, vide their letter dated January 14, 2025. The details of the ratings are as follows:

Product	Quantum (Rs. Cr)	Long Term Rating	Short Term Rating
Bank Loan Ratings	47.50	ACUITE A	Stable
Bank Loan Ratings	18.00	-	ACUITE A1
Total Outstanding Quantum(Rs. Cr)	65.50	-	-

The rating letter issued by Acuite Ratings & Research Limited is enclosed for your reference. The said intimation shall be available on website of the company at https://www.diffusionengineers.com/investors-relation.

Kindly take the above information on record.

Thanking You, For Diffusion Engineers Limited

CHANCHAL Digitally signed by CHANCHAL RAJESH RAJESH JAISWAL Date: 2025.01.24 JAISWAL 14:24:24 +05'30' Chanchal Jaiswal Company Secretary and Compliance Officer ICSI Membership No.: A67136

Enclosed: as above

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Rating Letter - Intimation of Rating Action

Letter Issued on : January 14, 2025 Letter Expires on : December 06, 2025 Annual Fee valid till : December 06, 2025

DIFFUSION ENGINEERS LIMITED

T 5 And 6, MIDC Industrial Area, Hingna Nagpur 440016 MAHARASHTRA

Scan this QR Code to verify authenticity of this rating

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Kind Attn.: Prashant Garg,Director (Tel. No.9823104349)

Sir / Madam,

Sub.: Rating(s) Upgraded - Bank Loans of DIFFUSION ENGINEERS LIMITED

Please note that the current rating(s) and outlook, instrument details, and latest rating action for the aforementioned instrument are as under:

Product	Quantum (Rs. Cr)	Long Term Rating	Short Term Rating
Bank Loan Ratings	47.50	ACUITE A	Stable
Bank Loan Ratings	18.00	-	ACUITE A1
Total Outstanding Quantum (Rs. Cr)	65.50	-	-

Acuité reserves the right to revise the rating(s) , along with the outlook, at any time, on the basis of new information, or other circumstances which Acuité believes may have an impact on the rating(s). Such revisions, if any, would be appropriately disseminated by Acuité as required under prevailing SEBI guidelines and Acuité‘s policies.

This letter will expire on December 06, 2025 or on the day when Acuité takes the next rating action, whichever is earlier. It may be noted that the rating(s) is subject to change anytime even before the expiry date of this letter. Hence lenders / investors are advised to visit https://www.acuite.in/ OR scan the QR code given above to confirm the current outstanding rating(s).

Acuité will re-issue this rating letter on December 07, 2025 subject to receipt of surveillance fee as applicable. If the rating(s) is reviewed before December 06, 2025 , Acuité will issue a new rating letter.

Please note that under extant SEBI regulations and as per the terms of the rating agreement, once a rating is accepted and outstanding, the issuer is required to promptly furnish the ”No Default Statement‘ on the first working day of every month.

Sd/Chief Rating Officer

This is a system generated document. No signature is required.

Annexures: A. Details of the Rated Instrument

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Acuité Ratings & Research Limited SEBI Registered | RBI Accredited 708, Lodha Supremus, Lodha iThink Techno Campus, Kanjurmarg (East), Mumbai - 400042 | +919930708000 | www.acuite.in | CIN: U74999MH2005PLC155683

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Annexure A. Details of the rated instrument

Annexure A. Details of the rated instrument	Annexure A. Details of the rated instrument	Annexure A. Details of the rated instrument	Annexure A. Details of the rated instrument	Annexure A. Details of the rated instrument
Lender's Name	Facilities	Scale	Amt. (Rs. Cr)	Rating Assigned (Outlook)
HDFC Bank Ltd	Cash Credit	Long-term	20.00	ACUITE A
Yes Bank Ltd	Cash Credit	Long-term	5.00	ACUITE A
Not Applicable	Proposed Long Term Bank Facility	Long-term	0.50	ACUITE A
HDFC Bank Ltd	Bank Guarantee (BLR)	Short-term	10.00
HDFC Bank Ltd	Letter of Credit	Short-term	5.00
DBS Bank Ltd	Cash Credit	Long-term	15.00	ACUITE A
ICICI Bank Ltd	Cash Credit	Long-term	7.00	ACUITE A
ICICI Bank Ltd	Bank Guarantee (BLR)	Short-term	3.00
Total Facilities			65.50	-

DISCLAIMER

An Acuité rating does not constitute an audit of the rated entity and should not be treated as a recommendation or opinion that is intended to substitute for a financial adviser's or investor's independent assessment of whether to buy , sell or hold any security. Acuité ratings are based on the data and information provided by the issuer and obtained from other reliable sources. Although reasonable care has been taken to ensure that the data and information is true, Acuité , in particular, makes no representation or warranty, expressed or implied with respect to the adequacy, accuracy or completeness of the information relied upon. Acuité is not responsible for any errors or omissions and especially states that it has no financial liability whatsoever for any direct, indirect or consequential loss of any kind arising from the use of its ratings.Acuité ratings are subject to a process of surveillance which may lead to a revision in ratings as and when the circumstances so warrant. Please visit our website (www.acuite.in) for the latest information on any instrument rated by Acuité , Acuité ‘s rating scale and its definitions.

Any inadvertent omission or error in the rating letter which is discovered or brought to the notice of Acuite shall be rectified as soon as reasonably practicable not later than 48 hours of such discovery or notice. Such error or omission shall not render Acuite liable to any person for any kind of loss or damage including, but not limited to, any special, incidental, indirect or consequential damages caused by errors or omissions, provided such omission or error is rectified as soon as possible after discovery/notice.

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