Press Release

VIS Suspends Sukuk Rating of Sunridge Foods (Private) Limited

Karachi, October 19, 2026: VIS Credit Rating Company Limited (VIS) has suspended the Sukuk rating of Sunridge Foods (Private) Limited of AAA (Triple A), with immediate effect, on account of lack of financial and operational information made available by the Company. VIS will review the rating upon receipt of sufficient information necessary to complete the review. Rating was placed on ‘Rating Watch – Developing’ as of March 16, 2026. Entity ratings of Sunridge Foods (Private) Limited of BBB+/A3 (Triple B Plus/ Single A Three) have been suspended as of October 19 2026.

For further information on this ratings announcement, please contact on 021-35311861-64 or email at info@vis.com.pk.

Applicable Rating Criteria: Instrument Rating:
https://docs.vis.com.pk/Methodologies-2026/IRM-2026.pdf

VIS Issue/Issuer Rating Scale
https://vis.com.pk/docs/VISRatingScales.pdf

VIS Policy for Withdrawal and Suspension of Ratings
https://docs.vis.com.pk/docs/Policy-for-withdrawal-and-suspension-of-ratings.pdf

Information herein was obtained from sources believed to be accurate and reliable; however, VIS Credit Rating Company Limited (VIS) does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. VIS, the analysts involved in the rating process and members of its rating committee do not have any conflict of interest relating to the rating(s)/ranking(s) mentioned in this report. VIS is paid a fee for most rating assignments. This rating/ranking is an opinion and is not a recommendation to buy or sell any securities. Copyright October 19, 2026 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.