Credit Ratings

On April 1, 2021, we obtained the following ratings from India Ratings and Research Private Limited for a line
of credit in the total amount of % 8,280.00 million for long term and short-term borrowings and 2 300.00 million
for commercial paper:

e Long-term rating of IND A+; the outlook on long term rating is stable; and
e — Short-term rating of IND A1; the outlook on short term rating is stable.

These ratings are valid until March 2022.

On January 14, 2022, CRISIL Ratings Limited reaffirmed our credit rating of long-term A+ with a stable
outlook for a line of credit in the total amount of 2 9,000.00 million for long-term and short-term borrowings
and % 5,500.00 million for Listed NCDs. The rating is valid until January 2023.

On January 13, 2021, we obtained a long-term rating of A+ with a stable outlook from CRISIL Ratings Limited
for a line of credit in the total amount of % 9,000.00 million for long-term and short-term borrowings and
25,500.00 million for Listed NCDs. The rating is valid until January 2022.

On January 13, 2022, we obtained an upgrade in rating for one of our subsidiaries from India Ratings and
Research Private Limited for a line of credit in the total amount of 2 1,039.90 million for long term and short-
term borrowings:

e Long-term rating of IND A+; the outlook on long term rating is stable; and
e Short-term rating of IND A1; the outlook on short term rating is stable.

On October 16, 2020, we obtained the following support ratings for one of our subsidiaries from India Ratings
and Research Private Limited for a line of credit in the total amount of % 1,038.00 million for long term and
short-term borrowings:

e Long-term rating of IND A; the outlook on long term rating is stable; and
e — Short-term rating of IND A1; the outlook on short term rating is stable.

On March 17, 2020, we obtained the following ratings from India Ratings and Research Private Limited for a
line of credit in the total amount of = 7,980.00 million and for our commercial paper program in the amount of
= 300.00 million:

e Long-term rating of IND A; the outlook on long term rating is stable, and
e — Short term rating of IND A1; the outlook on short term rating is stable.

On March 5, 2020, we obtained a long-term rating of A+ with a stable outlook from CRISIL Ratings Limited for
a line of credit in the total amount of = 9,000.00 million for long-term and short-term borrowings.

On July 4, 2019, we obtained the following ratings from India Ratings and Research Private Limited for a line
of credit in the total amount of 2 7,581.00 million for long-term and short-term borrowings and for our
commercial paper program in the amount of 2 300.00 million:

e Long-term rating of IND A; the outlook on long term rating is stable; and
e Short-term rating of IND A1; the outlook on short term rating is stable.

Capital and Other Commitments

As of August 31, 2021, our estimated contracts, remaining to be executed on capital account and not provided
for were = 3,258.76 million. These contracts primarily relate to purchase of semi knocked down kits for ATM
manufacturing and commitments in our transaction switching business. See “Financial Statements — Annexure

VI — Notes to the Restated Consolidated Financial Information — Note 15” on page 266.

Capital Expenditures

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