Vikram Solar Limited — Capital/Financing Update 2025

Sep 20, 2025

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September 20, 2025

VSL/CS/205/2025 dated 20.09.2025

	BSE Ltd.Department of Corporate ServicesP. J. Towers, Dalal Street, Mumbai – 400 001.(Scrip Code: Equity - 544488)	National Stock Exchange of India Ltd.Listing DepartmentExchange Plaza, Bandra-Kurla Complex, Bandra (E),Mumbai – 400 051(Symbol: VIKRAMSOLR, Series EQ)

Dear Sir/ Madam,

Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 – Revision in Credit Ratings (Upgrade)

Pursuant to Regulation 30 read with Clause 3 of Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that Acuite Ratings & Research Ltd (Acuite) has upgraded its rating assigned to the Long-Term Bank Facilities and Short-Term Bank Facilities as per the rating letter issued to the Company for Credit facilities of Rs. 2700 Crores.

The rating rationale will be uploaded on Acuite’s website in due course.

The revised credit rating is as under:

The revised credit rating is	as under:
Credit RatingAgency	Type of Credit Rating	Existing Rating/Outlook	Revised Rating/Outlook(Upgrade)
AcuiteRatings&Research Ltd	Long Term BankFacilities	‘Acuite A’	‘Acuite A+’
	ShortTermBankFacilities	‘Acuite A1’	‘Acuite A1+’

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

Thanking You,

For and on behalf of

VIKRAM SOLAR LIMITED

Sudipta Digitally signed by Sudipta Bhowal Bhowal Date: 2025.09.20 17:56:54 +05'30' SUDIPTA BHOWAL Company Secretary & Compliance Officer

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