Common use of By Us Clause in Contracts

By Us. In case there is any change in the terms and conditions or the size of the rated bank facilities, the same must be brought to our notice before the bank facilities is used by you. In the event such changes occur after the Ratings have been assigned by us and their use has been confirmed by you, the Ratings would be subject to our review, following which there could be a change in the Ratings previously assigned. Notwithstanding the foregoing, any change in the over-all limit of the bank facilities from that specified in the first paragraph of this letter would constitute an enhancement that would not be covered by or under the said Rating Agreement. ICRA reserves the right to review and/or, revise the above Rating(s) at any time on the basis of 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) assigned. 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 bank facilities availed by your Company. The Rating(s) assigned to the bank facilities of your Company shall require revalidation if there is any change in the size or structure of the rated bank facilities. 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). 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 Xxxxxxxxxx Xxxxxxxx Senior Vice President xxxxxxxxxx@xxxxxxxxx.xxx Digitally signed by XXXXXXXXXX XXXXXXXX Date: 2021.08.16 14:12:34 +05'30' Annexure: Instrument Details Details of Bank Limits Rated by ICRA (Rated on Long-Term Scale) Amount (Rs. crore) Rating Rating Assigned on Cash Credit State Bank of India 20.00 [ICRA]A (Stable) August 10, 2021 Citi Bank 30.00 [ICRA]A (Stable) August 10, 2021 HDFC Bank 11.00 [ICRA]A (Stable) August 10, 2021 Total 61.00 Term Loan State Bank of India 15.35 [ICRA]A (Stable) August 10, 2021 Bajaj Finance Limited 20.00 [ICRA]A (Stable) August 10, 2021 Citi Bank 16.00 [ICRA]A (Stable) August 10, 2021 Total 51.35 Details of Bank Limits Rated by ICRA (Rated on Short-Term Scale) Amount (Rs. crore) Rating Rating Assigned on Letter of Credit and Bank Guarantee State Bank of India 29.00 [ICRA]A2+ August 10, 2021 HDFC Bank 14.50 [ICRA]A2+ August 10, 2021

By Us. In case there is any change in the terms and conditions or the size of the rated bank facilitiesBank Facilities, the same must be brought to our notice before the bank facilities Bank Facilities is used by you. In the event such changes occur after the Ratings have been assigned by us and their use has been confirmed by you, the Ratings would be subject to our review, following which there could be a change in the Ratings previously assigned. Notwithstanding the foregoing, any change in the over-all limit of the bank facilities Bank Facilities from that specified in the first paragraph of this letter would constitute an enhancement that would not be covered by or under the said Rating Agreement. ICRA reserves the right to review and/or, revise the above Rating(s) at any time on the basis of 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) assigned. 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 bank facilities availed [Instrument] availed/issued by your Company. The Rating(s) assigned to the bank facilities LOC of your Company shall require revalidation if there is any change in the size or structure of the rated bank facilitiesLOC. 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- re-schedulement or postponement of the repayment programmes of the dues/ debts of the Company with any lender(s) / investor(s). 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 for ICRA Limited Xxxxxxxxxx Xxxxxxxx Senior Vice President xxxxxxxxxx@xxxxxxxxx.xxx XXXXXX ERANAT Digitally signed by XXXXXXXXXX XXXXXXXX XXXXXX XXXXXX ERANAT Date: 2021.08.16 14:12:34 2022.04.14 XXXXXX 10:10:14 +05'30' Annexure[Xxxxxx Xxxxxx Xxxxxx] Vice President Email: Instrument Details xxxxxx.xxxxxx@xxxxxxxxx.xxx Encl: Annexure Annexure Details of the Bank Limits Rated rated by ICRA on (Rated on Long-Term Scale) Amount (Rs. crore) Rating Rating Assigned on Cash Credit State Bank of India 20.00 [ICRA]A (Stable) August 10, 2021 Citi Bank 30.00 [ICRA]A (Stable) August 10, 2021 HDFC Bank 11.00 [ICRA]A (Stable) August 10, 2021 Total 61.00 Term Loan State Bank of India 15.35 [ICRA]A (Stable) August 10, 2021 Bajaj Finance Limited 20.00 [ICRA]A (Stable) August 10, 2021 Citi Bank 16.00 [ICRA]A (Stable) August 10, 2021 Total 51.35 Details of Bank Limits Rated by ICRA (Rated on Term/Short-Term Scale) Name of the Bank Instrument Details Amount (Rs. croreCr.) Rating Assigned Rating Assigned on Letter of Credit and Axis Bank Guarantee State Limited Term Loans 488.83 [ICRA]AAA(Stable) April 12,2022 HSBC Limited Term Loans 318.59 [ICRA]AAA(Stable) April 12,2022 Kotak Mahindra Limited Term Loans 206.35 [ICRA]AAA(Stable) April 12,2022 Unallocated Limits 348.55 [ICRA]AAA(Stable) April 12,2022 Axis Bank of India 29.00 Limited Overdraft 200.00 [ICRA]A2ICRA]A1+ August 10, 2021 HDFC April 12,2022 HSBC Limited Overdraft 10.00 [ICRA]A1+ April 12,2022 Axis Bank 14.50 Limited Non fund based limits 75.00 [ICRA]A2ICRA]A1+ August 10, 2021April 12,2022

By Us. In case there is any change in the terms and conditions or the size of the rated bank facilities, the same must be brought to our notice before the bank facilities is used by you. In the event such changes occur after the Ratings have been assigned by us and their use has been confirmed by you, the Ratings would be subject to our review, following which there could be a change in the Ratings previously assigned. Notwithstanding the foregoing, any change in the over-all limit of the bank facilities from that specified in the first paragraph of this letter would constitute an enhancement that would not be covered by or under the said Rating Agreement. ICRA reserves the right to review and/or, revise the above Rating(s) at any time on the basis of 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) assigned. 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 bank facilities availed [Instrument] availed/issued by your Company. The Rating(s) assigned to the bank facilities of your Company shall require revalidation if there is any change in the size or structure of the rated bank facilities. 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- re-schedulement or postponement of the repayment programmes of the dues/ debts of the Company with any lender(s) / investor(s). 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 Xxxxxxxxxx Xxxxxxxx Senior Vice President xxxxxxxxxx@xxxxxxxxx.xxx Digitally signed by XXXXXXXXXX XXXXXXXX Date: 2021.08.16 14:12:34 +05'30' Annexure: Instrument Details Details of Bank Limits Rated by ICRA (Rated on Long-Term Scale) Amount (Rs. crore) Rating Rating Assigned on Cash Credit State Bank of India 20.00 [ICRA]A (Stable) August 10, 2021 Citi Bank 30.00 [ICRA]A (Stable) August 10, 2021 HDFC Bank 11.00 [ICRA]A (Stable) August 10, 2021 Total 61.00 Term Loan State Bank of India 15.35 [ICRA]A (Stable) August 10, 2021 Bajaj Finance Limited 20.00 [ICRA]A (Stable) August 10, 2021 Citi Bank 16.00 [ICRA]A (Stable) August 10, 2021 Total 51.35 Details of Bank Limits Rated by ICRA (Rated on Short-Term Scale) Amount (Rs. crore) Rating Rating Assigned on Letter of Credit and Bank Guarantee State Bank of India 29.00 [ICRA]A2+ August 10, 2021 HDFC Bank 14.50 [ICRA]A2+ August 10, 2021XXXXX XXXX

By Us. In case there is any change in the terms and conditions or the size of the rated bank facilitiesfacility, the same must be brought to our notice before the bank facilities rated facility is used by you. In the event such changes occur after the Ratings Rating(s) have been assigned by us and their use has been confirmed by you, the Ratings Rating(s) would be subject to our review, following which there could be a change in the Ratings Rating(s) previously assigned. Notwithstanding the foregoing, any change in the over-over- all limit of the bank facilities rated facility from that specified in the first paragraph of this letter would constitute an enhancement that would not be covered by or under the said Rating Agreement. ICRA reserves the right to review and/or, revise the above Rating(s) at any time on the basis of 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) assigned. 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 bank facilities availed facility availed/issued by your Companycompany. The Rating(s) assigned to the bank facilities facility of your Company shall require revalidation if there is any change in the size or structure of the rated bank facilitiesfacility. 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- re-schedulement or postponement of the repayment programmes of the dues/ debts of the Company with any lender(s) / investor(s). 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 Xxxxxxxxxx Xxxxxxxx Senior Vice President xxxxxxxxxx@xxxxxxxxx.xxx Digitally signed by XXXXXXXXXX XXXXXXXX Date: 2021.08.16 14:12:34 +05'30' Annexure: Instrument Details Details of Bank Limits Rated by ICRA (Rated on Long-Term Scale) Amount (Rs. crore) Rating Rating Assigned on Cash Credit State Bank of India 20.00 [ICRA]A (Stable) August 10, 2021 Citi Bank 30.00 [ICRA]A (Stable) August 10, 2021 HDFC Bank 11.00 [ICRA]A (Stable) August 10, 2021 Total 61.00 Term Loan State Bank of India 15.35 [ICRA]A (Stable) August 10, 2021 Bajaj Finance Limited 20.00 [ICRA]A (Stable) August 10, 2021 Citi Bank 16.00 [ICRA]A (Stable) August 10, 2021 Total 51.35 Details of Bank Limits Rated by ICRA (Rated on Short-Term Scale) Amount (Rs. crore) Rating Rating Assigned on Letter of Credit and Bank Guarantee State Bank of India 29.00 [ICRA]A2+ August 10, 2021 HDFC Bank 14.50 [ICRA]A2+ August 10, 2021XXXXXXX XXX

By Us. In case there is any change in the terms and conditions or the size of the rated bank facilities, the same must be brought to our notice before the bank facilities is used by you. In the event such changes occur after the Ratings Rating(s) have been assigned by us and their use has been confirmed by you, the Ratings Rating(s) would be subject to our review, following which there could be a change in the Ratings Rating(s) previously assigned. Notwithstanding the foregoing, any change in the over-all limit of the bank facilities from that specified in the first paragraph of this letter would constitute an enhancement that would not be covered by or under the said Rating Agreement. ICRA reserves the right to review and/or, revise the above Rating(s) at any time on the basis of 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) assigned. 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 bank facilities availed availed/ issued by your Companycompany. The Rating(s) assigned to the bank facilities of your Company shall require revalidation if there is any change in the size or structure of the rated bank facilitiesBuilding Xx. 0, 0xx Xxxxx, Tower A DLF Cyber City, Phase II Gurugram – 122002, Haryana Tel.: +91.124 .0000000 CIN : L749999DL1991PLC042749 Website: xxx.xxxx.xx Email: xxxx@xxxxxxxxx.xxx Helpdesk: +00 0000000000 Registered Office: B-710, Statesman House, 000, Xxxxxxxxxx Xxxx, Xxx Xxxxx 000000. 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 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- re-schedulement or postponement of the repayment programmes of the dues/ debts of the Company 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 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 Xxxxxxxxxx Xxxxxxxx Senior XXXXX XXXX 2024.03.28 14:31:04 +05'30' Xxxxx Xxxx Vice President xxxxxxxxxx@xxxxxxxxx.xxx Digitally signed by XXXXXXXXXX XXXXXXXX Date: 2021.08.16 14:12:34 +05'30' Annexure: Instrument Details xxxxx.xxxx@xxxxxxxxx.xxx Annexure Acknit Industries Limited Details of Bank Limits Rated by ICRA (Rated on Long-Term Scale) Fund Based Bank Limits Amount (Rs. croreCrore) Rating Rating Assigned on Cash Credit State Bank of India 20.00 – Cash Credit/ WCL/ EPC/ PCFC/ FBD/ EBR 45.00 [ICRA]A ICRA]BBB (Stable) August 10March 21, 2021 Citi 2024 Bank 30.00 of Baroda – Cash Credit/ WCL/ EPC/ PCFC/ FBD/ EBR 15.00 [ICRA]A ICRA]BBB (Stable) August 10March 21, 2021 HDFC Bank 11.00 [ICRA]A (Stable) August 10, 2021 2024 Total 61.00 Term Loan State Bank 60.00 SBI – One way interchangeable of India 15.35 [ICRA]A (Stable) August 10, 2021 Bajaj Finance Limited 20.00 [ICRA]A (Stable) August 10, 2021 Citi Bank 16.00 [ICRA]A (Stable) August 10, 2021 Total 51.35 Rs. 5.00 crore from fund-based working capital to letter of credit Details of Bank Limits Rated by ICRA (Rated on Short-Term Scale) Non-Fund Based Bank Limits Amount (Rs. croreCrore) Rating Rating Assigned on Letter of Credit and Bank Guarantee State Bank of India 29.00 – Letter of Credit 2.50 [ICRA]A2ICRA]A3+ August 10March 21, 2021 HDFC 2024 Bank 14.50 of Baroda – Letter of Credit 2.00 [ICRA]A2ICRA]A3+ August 10March 21, 20212024 State Bank of India – Forward Contract Limit 1.52 [ICRA]A3+ March 21, 2024 Total 6.02 Details of Bank Limits Rated by ICRA (Rated on Long-term and Short-Term Scale) Non-Fund Based Bank Limits Amount (Rs. Crore) Rating Assigned on State Bank of India – Bank Guarantee 0.90 [ICRA]BBB (Stable)/ [ICRA]A3+ March 21, 2024 Bank of Baroda – Bank Guarantee 0.40 [ICRA]BBB (Stable)/ [ICRA]A3+ March 21, 2024