124974 Apr 2026

ICRA Limited has assigned a provisional rating of to the Pass-Through Certificates (PTCs) issued by a Special Purpose Vehicle (SPV) created by Sundaram Finance Limited . This rating reflects the highest degree of safety regarding timely servicing of financial obligations. 2. Key Rating Drivers

If you are instead referring to a or an SEC Form ADV (124974) , please let me know. Report: ICRA Provisional Rating Rationale (124974) 124974

Conservative loan-to-value (LTV) ratios and geographical diversification of the underlying pool help mitigate localized economic downturns. 5. Rating Outlook ICRA Limited has assigned a provisional rating of

The pool's performance is sensitive to economic cycles affecting the transport sector. Key Rating Drivers If you are instead referring

For detailed handling, storage, and first-aid instructions, refer to the official Sigma-Aldrich SDS portal .

Provisional [ICRA]AAA(SO) Assigned to PTCs Issuer: Sundaram Finance Limited (SFL) Report Date: January 23, 2024 1. Executive Summary

SFL's established track record in the retail finance segment and its experienced management team contribute to the overall stability of the transaction. 3. Financial Performance (SFL Snapshot)