V-Guard Industries Ltd. — Capital/Financing Update 2026

Apr 7, 2026

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April 7, 2026

The Manager, The Manager, Listing Department, Listing Department, BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, G Block, Bandra-Kurla Complex, Mumbai- 400 001 Bandra-East, Mumbai- 400 051 Scrip Code: 532953 Symbol: VGUARD

Dear Sir/Madam,

Sub: Intimation of upgradation of credit rating

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 (SEBI Listing Regulations), we wish to inform you that ICRA Ltd. vide its email dated April 7, 2026 has upgraded the rating and revised the outlook as per details given below:

Instrument	RatedAmount(Rs. crore)	Rating Action	Outlook
Longterm/shortterm–fundbased/non-fundbased-workingcapital facilities	820.00	[ICRA]AA+,upgradedfrom [ICRA]AA; outlookrevised to Stable fromPositive/[ICRA]A1+,reaffirmed	RevisedtoStablefromPositive

We request you to kindly take the above information on record.

Thanking You,

Yours Sincerely,

For V-Guard Industries Limited

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----- Start of picture text ----- Digitally signedVikas by Vikas KumarTakKumar Tak Date: 2026.04.0719:01:19 +05'30'Vikas Kumar TakCompany Secretary & Compliance OfficerMembership No. FCS 6618----- End of picture text -----

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P +91 484 300 5000, 200 5000 E mail@vguard.in W www.vguard.in

V-GUARD INDUSTRIES LTD . Regd. Office: 42/962, Vennala High School Road, Vennala, Kochi – 682 028. CIN: L31200KL1996PLC010010