DEE DEVELOPMENT: CARE UPGRADES CREDIT RATINGS TO CARE A

DEE DEVELOPMENT: CARE UPGRADES CREDIT RATINGS TO CARE A; STABLE / CARE A1

• Long-Term Rating:** Bank facilities upgraded to CARE A; Stable from CARE A-; Stable. • Long-Term & Short-Term Rating:** Ratings upgraded to CARE A; Stable / CARE A1 from CARE A-; Stable / CARE A2+. • Short-Term Rating: Bank facilities upgraded to CARE A1 from CARE A2+. • Rated Facilities:Long-term facilities reduced to ₹169.19 crore from ₹205.08 crore. Long-term/short-term facilities enhanced to ₹825 crore from ₹673 crore, while short-term facilities increased to ₹480 crore from ₹437 crore. • Rating Rationale: The rating action follows CARE Ratings' review of the company's FY26 audited and Q1 FY27 unaudited operational and financial performance. • Total Rated Exposure: Total rated bank facilities stand at ₹1,474.19 crore, covering term loans, fund-based and non-fund-based limits. Impact: Positive– The upgrade across long-term and short-term facilities indicates an improvement in the company's assessed credit profile and may support better borrowing terms and access to credit.