Monitoring Agency Report

July 17, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department The Listing Department, 25th Floor, Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra- Kurla Complex, Bandra (East), Mumbai - 400 001. Mumbai - 400 051. BSE Scrip Code: 524000 NSE Symbol: POONAWALLA Dear Sir / Madam, Subject: Monitoring Agency Report on the utilisation of proceeds raised through qualified institutional placement, for quarter ended June 30, 2026. Dear Sir/Madam, Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulations 173A of SEBI (Issue of Capital and Disclosure Requirements) Regulations. 2018 (“SEBI ICDR Regulations”), please find enclosed herewith Monitoring Agency Report issued by Crisil Ratings Limited, in respect of utilisation of proceeds raised through qualified institutional placement, for the quarter ended June 30, 2026. The Audit Committee and Board of Directors of the Company have reviewed and took note of the Monitoring Agency Report at their respective meetings held on July 17, 2026. This is for your information and record. Thanking You, Yours faithfully, For Poonawalla Fincorp Limited Shabnum Zaman Company Secretary ACS-13918 Classification | INTERNAL Monitoring Agency Report Poonawalla Fincorp Limited for the quarter ended June 30, 2026 CRL/MAR/MAGLEAS/2026-27/1881 July 17, 2026 Poonawalla Fincorp Limited 201 and 202, 2nd floor, AP81, Koregaon Park Annex, Mundhwa Road Near Raga Lawns, Pune - 411036 Dear Sir, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Qualified Institutional Placement of Poonawalla Fincorp Limited (“the Company”) Pursuant to Regulation 173A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR Regulations”) and Monitoring Agency Agreement dated April 09, 2026, entered with the Company, we enclose the Monitoring Agency Report, issued by Crisil Ratings Limited, as per Schedule XI of the SEBI ICDR Regulations towards utilization of proceeds of Qualified Institutional Placement for the quarter ended June 30, 2026. Request you to kindly take the same on records. Thanking you, For and on behalf of Crisil Ratings Limited Shounak Chakravarty Director, Ratings (LCG) Report of the Monitoring Agency Name of the issuer: Poonawalla Fincorp Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: Crisil Ratings Limited (a) Deviation from the objects: Not applicable (b) Range of Deviation: Not applicable Declaration: We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit-related analyses. We confirm that we do not perceive any conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board. Signature: Name and designation of the Authorized Signatory: Shounak Chakravarty Designation of Authorized person/Signing Authority: Director, Ratings (LCG) 1) Issuer Details: Name of the issuer: Poonawalla Fincorp Limited Names of the promoter: Rising Sun Holdings Pvt Ltd Industry/sector to which it belongs: Non-banking financial company (NBFC) 2) Issue Details Issue Period: April 09, 2026 Type of issue (public/rights): Qualified Institutional Placement Type of specified securities: Equity Shares IPO Grading, if any: NA Issue size: Rs. 25,000 million (out of which net proceeds are Rs. 24,315.16 million)* *Crisil Ratings shall be monitoring the net proceeds amount 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / certifications Comments of Comments of Particulars Reply considered by the Monitoring the Board of Monitoring Agency for Agency Directors preparation of report Statutory auditor’s Proceeds have Report^ and been utilized Management towards undertaking dated July disbursals of Whether all utilization is as per the No Yes 17, 2026, loans, disclosures in the Offer Document? Comments Placement document repayment of (hereinafter referred as IDBI Bank loan “Offer document”), and salary Bank Statements payments Whether shareholder approval has been obtained in case of material No NA Statutory auditor’s No Comments deviations from expenditures Comments Report^ and disclosed in the Offer Document? Management undertaking dated July Whether the means of finance for the 17, 2026 disclosed objects of the issue has No No Comments Comments changed? Source of information / certifications Comments of Comments of Particulars Reply considered by the Monitoring the Board of Monitoring Agency for Agency Directors preparation of report Is there any major deviation observed over the earlier monitoring agency NA No Comments Comments reports? Whether all Government/statutory approvals related to the object(s) NA No Comments Statutory auditor’s Comments have been obtained? Report^ and Management undertaking dated July Whether all arrangements pertaining 17, 2026 to technical assistance/collaboration NA No Comments Comments are in operation? Are there any favorable events improving the viability of these NA No Comments Comments object(s)? Are there any unfavorable events No NA No Comments affecting the viability of the object(s)? Comments Is there any other relevant information that may materially No No No Comments affect the decision making of the Comments investors? NA represents Not Applicable ^M/s Kirtane & Pandit LLP, Chartered Accountants (Firm Registration No. 105215W/W100057), Statutory Auditors of the Company, has issued a “report of factual findings in connection with agreed-upon procedures related to Company's statement of utilisation of issue proceeds" and did not express any assurance thereon. Details of object(s) to be monitored: i. Cost of the object(s): Source of Original Comments of the Board of Directors information/ cost Revised certification (as per the Sr. Item cost Comments Particulars considered by Offer No. Head (Rs in of the MA Reason Proposed of firm MA for Document) million) of cost financing arrange- preparation (Rs in revision option ments of report million) made Augmenting our Company's AUM and for lending towards various financing Statutory 1 23,215.16 NA No revision No Comments activities of the Company, as aud [Showing first 8,000 characters — download PDF for full document]