Shaily Engineering Plastics Ltd. — Capital/Financing Update 2025

Oct 1, 2025

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SEPL/Oct/2025-26 01[st] October 2025

The General Manager, Corporate Services/Listing Department

BSE Limited Floor 25, P.J. Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 501423

The Manager, Listing Department National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra – Kurla Complex, Bandra (E), Mumbai – 400 051 Scrip Code: SHAILY

Sub: CARE credit ratings – Reg.

Ref: Regulation 30 of the SEBI Listing Regulations, 2015

Dear Sir,

This is to inform that CARE Ratings Limited vide its Letter No. CARE/ARO/RL/2025-26/4631 dated 30[th] September 2025, has reviewed the Company’s bank facility(ies) ratings as below:

Facilities	Amount (₹ in crore)	Rating	Rating Action
Long Term Bank Facilities	239.62 (Enhanced from 238.45)	CARE A+; Stable	Reaffirmed
Short term Bank Facilities	35.00	CARE A1 (A One)	Reaffirmed

Details of rated facilities are annexed herewith.

The above information shall be uploaded on the website of the Company at https://shaily.com/

Kindly take the same on record.

Thanking You.

Yours truly,

For Shaily Engineering Plastics Limited

Digitally signed by Harish Govind Harish Govind Punwani Punwani Date: 2025.10.01 15:54:57 +05'30'

Harish Punwani Company Secretary & Compliance Officer M. No. A50950

Encl :a/a

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No. CARE/ARO/RL/2025-26/4631

Shri Sanjay Shah Chief Strategy Officer Shaily Engineering Plastics Limited Survey No. 364 & 366, Rania, Taluka - Savli, District - Vadodara, Gujarat Vadodara Gujarat 391780

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September 30, 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) and Q1FY26 (Audited), our Rating Committee has reviewed the following ratings:

Facilities	Amount (₹ crore)	Rating1	Rating Action	Rating Action
Long Term Bank Facilities	239.62 (Enhanced from 238.45)	CARE A+; Stable	Reaffirmed
Short Term Bank Facilities	35.00	CARE A1	Reaffirmed

1. Refer Annexure 1 for details of rated facilities.

2. The rating report and a write-up (press release) for the rating will be communicated to you separately.

3. 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.

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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

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

32, Titanium, Prahladnagar Corporate Road, Satellite, Ahmedabad - 380015 Phone: +91-79-4026 5656

CIN-L67190MH1993PLC071691

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1. 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.

2. 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.

3. 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.

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

5. 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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Puja Dilip Joshi Assistant Director puja.joshi@careedge.in

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Anuja Parikh Associate Director anuja.parikh@careedge.in

Encl.: As above

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CARE Ratings Limited

32, Titanium, Prahladnagar Corporate Road, Satellite, Ahmedabad - 380015 Phone: +91-79-4026 5656

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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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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 CareEdge Ratings 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

32, Titanium, Prahladnagar Corporate Road, Satellite, Ahmedabad - 380015 Phone: +91-79-4026 5656

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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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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	Remarks
1.	State Bank of India	13.65	Sanctioned Amount: Rs. 35.00 crore. Tranche 1: 2 equal quarterly installments of Rs.1.90 crore, starting from December 2021.Tranche 2: 16 equal quarterly installments of Rs.1.95 crore, starting from June 2022	Term Loan
2.	State Bank of India	11.11	Sanctioned Amount-40.00 crore.10 equal quarterly installments of Rs.3.61 crore.And last two quarterly installments of Rs.1.94 crore and last instalment of Rs. 2.02 crore respectively	Term Loan
3.	HDFC Bank Ltd.	10.57	Sanctioned Amount: 50.crore.Repayment Terms: 18 equal quarterly installments, startingfrom February2025.	Term Loan
4.	Standard Chartered Bank	8.92	Sanctioned Amount: Rs.37.16 crore. Tranche 1: 16 equal quarterly installments of Euro 1.25 lakh, starting from May 2021. Tranche 2: 16 equal quarterly installments of Euro 1.56 lakh, starting from August 2021	Term Loan
5.	HDFC Bank Ltd.	6.50	Sanctioned Amount: Rs. 14.85 crore. Repayment Terms: 12 months moratorium post which repayment in 48 monthly equal instalments of Rs. 30.94 lakhs each .	Guaranted Emergency Line of Credit
6.	State Bank of India	4.00	Sanctioned Amount: Rs.8.00 crore. Repayment Terms:20 equal quarterly installments of Rs.0.40 crore, starting from March 2022.	Term Loan
7.	State Bank of India	3.21	Sanctioned Amount: Rs.5.80 crore. Repayment Terms:12 months moratorium post which repayment in 48 equal monthly installments of Rs. 12.08 lakhs each startingfrom October 2022.	Guaranted Emergency Line of Credit
8.	Standard Chartered Bank	1.66	Sanctioned Amount: Rs. 3.79 crore. Repayment Terms: 12 months moratorium post which repayment in 48 equal instalments of Rs. 7.90 lakhs each starting from April 2022	Guaranted Emergency Line of Credit

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CARE Ratings Limited

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

32, Titanium, Prahladnagar Corporate Road, Satellite, Ahmedabad - 380015 Phone: +91-79-4026 5656

CIN-L67190MH1993PLC071691

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Sr. No.	Name of Bank / Lender	Rated Amount (Rs. crore)	Debt Repayment Terms	Remarks
	Total	59.62

*Outstanding as on June 30, 2025

1.B. Fund Based Limits

Sr. No.	Name of Bank / Lender	Rated Amount (Rs. crore)	Remarks
1.	State Bank of India	110.00	Cash Credit
2.	HDFC Bank Ltd.	35.00	Cash Credit
3.	Standard Chartered Bank	35.00	Cash Credit
	Total	180.00

Total Long Term Facilities : Rs.239.62 crore

2. Short Term Facilities

2.A. Non-Fund Based Limits

Sr. No.	Name of Bank / Lender	Rated Amount (Rs. crore)	Remarks
1.	State Bank of India	30.00	Letter of Credit/ Bank Guarantee
2.	HDFC Bank Ltd.	5.00	Letter of Credit/ Bank Guarantee
	Total	35.00

Total Short Term Facilities : Rs.35.00 crore

Total Facilities (1.A+1.B+2.A) : Rs.274.62 crore

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CARE Ratings Limited

32, Titanium, Prahladnagar Corporate Road, Satellite, Ahmedabad - 380015 Phone: +91-79-4026 5656

==> picture [121 x 170] intentionally omitted <==

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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