MALLCOM (INDIA) LTD. — Capital/Financing Update 2024

Oct 18, 2024

Ref: MIL/BSE/NSE/24 Date: October 18, 2024

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The Manager The Manager
Corporate Relationship Department Listing Department
BSE Limited National Stock Exchange of India Limited
1 [st] Floor, New Trading Wing, Exchange
Rotunda Building, Plaza, 5 [th ] Floor,
P J Towers, Dalal Street, Fort, Plot No.C-1, Block G,
Mumbai -400001 Bandra Kurla Complex, Bandra (E),
Mumbai-400051
BSE Security Code: 539400 NSE Symbol: MALLCOM
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Subject: Credit Rating

In accordance with Regulation 30(6) and Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that ICRA Limited, the Credit Rating Agency, has reaffirmed the rating for the Company's Long-term fund-based - Working Capital Facilities at [ICRA]A (Stable). The rating letter of ICRA Limited is attached herewith.

Please take the above intimation on record.

Thanking you.

Yours faithfully,

For MALLCOM (INDIA) LTD.

Digitally signed by GAURAV GAURAV RAJ RAJ Date: 2024.10.18 14:45:56 +05'30'

Gaurav Raj

Company Secretary & Compliance Officer

Encl: As Above

ICRA Limited

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ICRA/ Mallcom (India) Limited/ 16102024/ 1

October 16, 2024

Mr. Shyam Sundar Agarwal

Chief Financial Officer, Mallcom (India) Limited, EN – 12, Sector – V, Salt Lake City, Kolkata – 700 091

Dear Sir,

Re: ICRA’s Credit Rating for below mentioned Instruments of Mallcom (India) Limited

As per the Rating Agreement/ Statement of Work executed with ICRA Limited, ICRA’s Rating Committee has taken the following rating actions for the mentioned instruments of your company.

Instrument	Rated Amount (Rs. crore)	Rating Action1
Long-term Fund-based – Working Capital Facilities	75.00	[ICRA]A (Stable), reaffirmed
Total	75.00

The aforesaid rating(s) will become due for surveillance within one year from the date of rating communication letter. However, ICRA reserves the right to review and/or, revise the above rating(s) at any time based on new information becoming available, or the required information not being available, or other circumstances that ICRA believes could have an impact on the rating(s). Therefore, request the lenders and investors to visit ICRA website at www.icra.in for latest rating(s) of the company.

The rating(s) are specific to the terms and conditions of the instruments as indicated to us by you, and any change in the terms or size of the same would require a review of the rating(s) by us. In case there is any change in the terms and conditions or the size of the rated instrument, the same must be brought to our notice before the instrument is used by you. In the event such changes occur after the rating(s) have been assigned by us and their use has been confirmed by you, the rating(s) would be subject to our review, following which there could be a change in the rating(s) previously assigned. Notwithstanding the foregoing, any change in the over-all limit of the instrument from that specified in this letter, would constitute an enhancement that would not be covered by or under the said Rating Agreement.

The rating(s) assigned must be understood solely as an opinion and should not be treated, or cause to be treated, as recommendation to buy, sell, or hold the rated instrument availed/issued by your company.

You are also requested to forthwith inform us about any default or delay in repayment of interest or principal amount of the instrument rated, as above, or any other debt instruments/ borrowing and keep us informed of any other developments which may have a direct or indirect impact on the debt servicing capability of the company including any proposal for re-schedulement or postponement of the repayment programmes of the dues/ debts of the company with any lender(s)/ investor(s), or occurrence of any significant development that could impact the ability of the company to raise funds such as restriction imposed by any authority from raising

1 Complete definitions of the ratings assigned are available at www.icra.in.

Building No. 8, 2[nd] Floor, Tower A DLF Cyber City, Phase II Gurugram – 122002, Haryana

Tel.: +91.124 .4545300

CIN: L749999DL1991PLC042749

Website: www.icra.in Email: info@icraindia.com Helpdesk: +91 9354738909

Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel.: +91.11.23357940-41

R A T I N G ● R E S E A R C H ● I N F O R M A T I O N

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funds through issuance of debt securities through electronic bidding system. Further, you are requested to inform us immediately as and when the borrowing limit for the instrument rated, as above, or as prescribed by the regulatory authority(ies) is exceeded.

We look forward to your communication and assure you of our best services.

With kind regards,

Yours sincerely, For ICRA Limited SUJOY SAHA 2024.10.16 12:03:14 +05'30' Sujoy Saha Vice President sujoy.saha@icraindia.com

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Annexure

Mallcom (India) Limited

Details of Bank Limits Rated by ICRA (Rated on Long-Term Scale)

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Amount
Fund Based Bank Limits Rating Assigned on
(Rs. Crore)
Citi Bank – Working Capital Facilities 30.00 [ICRA]A (Stable) October 8, 2024
Standard Chartered Bank – Working Capital
15.00 [ICRA]A (Stable) October 8, 2024
Facilities
ICICI Bank – Working Capital Facilities 30.00 [ICRA]A (Stable) October 8, 2024
Total 75.00
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