Ruchira Papers Ltd — Capital/Financing Update 2025

Aug 5, 2025

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COMMITTED TO THE EARTH www.ruchirapapers.com

RPL/CS/BSE/NSE/2025-26/18 5[th] August 2025

To

The General Manager, Department of Corporate Service, BSE Limited, P. J. Tower, Dalal Street, Fort, Mumbai-400 023 Scrip Code: 532785

National Stock Exchange of India Limited, Exchange Plaza, Plot No. C/1 G. Block , Bandra Kurla Complex, Bandra (E), Mumbai 400051 Trading Symbol: RUCHIRA EQ

Dear Sir/Madam,

SUB: INTIMATION PURSUANT TO REGULATION 30 OF THE LISTING REGULATION REGARDING CREDIT

RATING

In continuation to our earlier letter dated 31.07.2025 and Pursuant to Regulation 30 of the Listing Regulation, please take note that CARE Ratings Ltd through its letter dated 05.08.2024 has upgraded our Credit Rating, CARE A; Stable from CARE A-; Stable to long term bank facilities and CARE A1 from CARE A2+ to Short Term Bank Facilities of the Company.

Facilities	Amount (Rs. Crore)	Rating	Rating Action
Long Term Bank Facilities	199.00 (Enhanced from 147.00)	CARE A; Stable	Upgraded from CARE A-; Stable
Long Term / Short Term Bank Facilities	5.75	CARE A; Stable / CARE A1	Upgraded from CARE A-; Stable/ CARE A2+
Short Term Bank Facilities	7.00	CARE A1	Upgraded from CARE A2+

This is for your information, records and action please.

Thanking You, For Ruchira Papers Limited

Iqbal Digitally signed by Iqbal Singh Singh Date: 2025.08.05 17:21:04 +05'30'

Iqbal Singh Company Secretary and Compliance Officer A36847

RUCHIRA PAPERS LIMITED REGD. OFFICE & WORKS ADMIN. OFFICE DELHI OFFICE

CIN-L21012HP1980PLC004336 Trilokpur Road, Kala Amb 21-22, New Professors Colony M-146, 2nd Floor Sirmaur Yamuna Nagar Greater Kailash Part 2 Himachal Pradesh – 173030 Haryana - 135001 New Delhi - 110048 T: +91-80-53800897 / 53101892 T: +91-1732-233799/233140 T: +91-11-29226638/29226639

E: info@ruchirapapers.com E: rplynr@ruchirapapers.com rpldelhi@ruchirapapers.com

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No. CARE/NRO/RL/2025-26/1765

Shri Vipin Gupta Chief Financial Officer Ruchira Papers Limited Trilokpur Road Kala Amb Sirmour Himachal Pradesh 173030

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August 05, 2025

Confidential

Dear Sir,

Credit rating for bank facilities

On the basis of recent developments including operational and financial performance of your Company for FY25 (Audited), our Rating Committee has reviewed the following ratings:

Facilities	Amount (₹ crore)	Rating1	Rating Action	Rating Action
Long Term Bank Facilities	199.00 (Enhanced from 147.00)	CARE A; Stable	Upgraded from CARE A- ; Stable
Long Term / Short Term Bank Facilities	5.75	CARE A; Stable / CARE A1	Upgraded from CARE A- ; Stable / CARE A2+
Short Term Bank Facilities	7.00	CARE A1	Upgraded from CARE A2+

1. Refer Annexure 1 for details of rated facilities.

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1Complete definitions of the ratings assigned are available at www.careratings.com and in other CARE Ratings Ltd.’s publications.

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CARE Ratings Limited

Plot no. C-001 A/2 Sector 16B, Berger Tower, Gautam Budh Nagar, Noida, (UP) - 201301 Phone: +91-120-4452000

Corporate Office :4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-6754 3456 • www.careedge.in

CIN-L67190MH1993PLC071691

Page 1 of 5

1. The rating report for the rating will be communicated to you separately. A write-up (press release) on the above rating is proposed to be issued to the press shortly, a draft of which is enclosed for your perusal as Annexure 2 . We request you to peruse the annexed document and offer your comments if any. We are doing this as a matter of courtesy to our clients and with a view to ensure that no factual inaccuracies have inadvertently crept in. Kindly revert as early as possible. In any case, if we do not hear from you by August 05, 2025, we will proceed on the basis that you have no any comments to offer.

2. CARE Ratings Ltd. reserves the right to undertake a surveillance/review of the rating from time to time, based on circumstances warranting such review, subject to at least one such review/surveillance every year.

3. CARE Ratings Ltd. reserves the right to revise/reaffirm/withdraw the rating assigned as also revise the outlook, as a result of periodic review/surveillance, based on any event or information which in the opinion of CARE Ratings Ltd. warrants such an action. In the event of failure on the part of the entity to furnish such information, material or clarifications as may be required by CARE Ratings Ltd. so as to enable it to carry out continuous monitoring of the rating of the bank facilities, CARE Ratings Ltd. shall carry out the review on the basis of best available information throughout the life time of such bank facilities. In such cases the credit rating symbol shall be accompanied by “ISSUER NOT COOPERATING”. CARE Ratings Ltd. shall also be entitled to publicize/disseminate all the aforementioned rating actions in any manner considered appropriate by it, without reference to you.

4. Our ratings do not take into account the sovereign risk, if any, attached to the foreign currency loans, and the ratings are applicable only to the rupee equivalent of these loans.

5. Our ratings do not factor in any rating related trigger clauses as per the terms of the facility/instrument, which may involve acceleration of payments in case of rating downgrades. However, if any such clauses are introduced and if triggered, the ratings may see volatility and sharp downgrades.

6. Users of this rating may kindly refer our website www.careratings.com for latest update on the outstanding rating.

7. CARE Ratings Ltd. ratings are not recommendations to sanction, renew, disburse or recall the concerned bank facilities.

If you need any clarification, you are welcome to approach us in this regard.

Thanking you,

Yours faithfully,

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CARE Ratings Limited

Plot no. C-001 A/2 Sector 16B, Berger Tower, Gautam Budh Nagar, Noida, (UP) - 201301 Phone: +91-120-4452000

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Corporate Office :4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-6754 3456 • www.careedge.in

CIN-L67190MH1993PLC071691

Page 2 of 5

Sachin Mathur Associate Director sachin.mathur@careedge.in

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Akanksha Dutta Lead Analyst akanksha.dutta@careedge.in

Encl.: As above

Disclaimer

This disclaimer pertains to the ratings issued and content published by CARE Ratings Limited (“CareEdge Ratings”). Ratings are opinions on the likelihood of timely payment of the obligations under the rated instrument and are not recommendations to sanction, renew, disburse, or recall the concerned bank facilities or to buy, sell, or hold any security. Any opinions expressed herein are in good faith and are subject to change without notice. The rating reflects the opinions as on the date of the rating. A rating does not convey suitability or price for the investor. The rating agency does not conduct an audit on the rated entity or an independent verification of any information it receives and/or relies on for the rating exercise. CareEdge Ratings has based its ratings/outlook on the information obtained from reliable and credible sources. CareEdge Ratings does not, however, guarantee the accuracy, adequacy, or completeness of any information and is not responsible for any errors or omissions and the results obtained from the use of such information. The users of the rating should rely on their own judgment and may take professional advice while using the rating in any way. CareEdge Ratings shall not be liable for any losses that user may incur or any financial liability whatsoever to the user of the rating. The use or access of the rating does not create a client relationship between CARE and the user.

CAREEDGE RATINGS DISCLAIMS WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR OTHER WARRANTIES OR CONDITIONS, TO THE EXTENT PERMITTED BY APPLICABLE LAWS, INCLUDING WARRANTIES OF MERCHANTABILITY, ACCURACY, COMPLETENESS, ERROR-FREE, NONINFRINGEMENT, NON-INTERRUPTION, SATISFACTORY QUALITY, FITNESS FOR A PARTICULAR PURPOSE OR INTENDED USAGE.

Most entities whose bank facilities/instruments are rated by CareEdge Ratings have paid a credit rating fee, based on the amount and type of bank facilities/instruments. CareEdge Ratings or its subsidiaries/associates may also be involved with other commercial transactions with the entity. CareEdge Ratings does not act as a fiduciary by providing the rating. The ratings are intended for use only within the jurisdiction of India. The ratings of CareEdge Ratings do not factor in any rating-related trigger clauses as per the terms of the facilities/instruments, which may involve acceleration of payments in case of rating downgrades. However, if any such clauses are introduced and triggered, the ratings may see volatility and sharp downgrades. CareEdge Ratings has established policies and procedures as required under applicable laws and regulations which are available on its website.

Privacy Policy applies. For Privacy Policy please refer to https://www.careratings.com/privacy_policy © 2025, CARE Ratings Limited. All Rights Reserved.

This content is being published for the purpose of dissemination of information. Any use or reference to the contents herein on an “as-is” basis is permitted with due acknowledgement to CARE Ratings. Reproduction or retransmission in whole or in part is prohibited except with prior written consent from CARE Ratings.

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CARE Ratings Limited

Plot no. C-001 A/2 Sector 16B, Berger Tower, Gautam Budh Nagar, Noida, (UP) - 201301 Phone: +91-120-4452000

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Corporate Office :4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-6754 3456 • www.careedge.in

CIN-L67190MH1993PLC071691

Page 3 of 5

Annexure 1

Details of Rated Facilities

1. Long Term Facilities

1.A. Term Loans

Sr. No.	Name of Bank / Lender	Rated Amount (Rs. crore)	Debt Repayment Terms
1.	Punjab National Bank	74.00	Equalquarterlyisntalements endingFY32
2.	HDFC Bank Ltd.	35.00	Equalquarterlyinstalments endingFY31
	Total	109.00

1.B. Fund Based Limits

Sr. No.	Name of Bank / Lender	Rated Amount (Rs. crore)	Remarks
1.	Punjab National Bank	53.00	Cash Credit
2.	HDFC Bank Ltd.	20.00
3.	Proposed	17.00
	Total	90.00

Total Long Term Facilities : Rs.199.00 crore

2. Short Term Facilities

2.A. Non-Fund Based Limits

Sr. No.	Name of Bank / Lender	Rated Amount (Rs. crore)
1.	Punjab National Bank	7.00
	Total	7.00

Total Short Term Facilities : Rs.7.00 crore

3. Long Term / Short Term Facilities

3.A. Non-Fund Based Limits

Sr. No.	Name of Bank / Lender	Rated Amount (Rs. crore)
1.	Punjab National Bank	5.75
	Total	5.75

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5.75
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CARE Ratings Limited

Plot no. C-001 A/2 Sector 16B, Berger Tower, Gautam Budh Nagar, Noida, (UP) - 201301 Phone: +91-120-4452000

Corporate Office :4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-6754 3456 • www.careedge.in

CIN-L67190MH1993PLC071691

Page 4 of 5

Total Long Term / Short Term Facilities : Rs.5.75 crore Total Facilities (1.A+1.B+2.A+3.A) : Rs.211.75 crore

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CARE Ratings Limited

Plot no. C-001 A/2 Sector 16B, Berger Tower, Gautam Budh Nagar, Noida, (UP) - 201301 Phone: +91-120-4452000

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Corporate Office :4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (E), Mumbai - 400 022 Phone: +91-22-6754 3456 • www.careedge.in

CIN-L67190MH1993PLC071691

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