Monitoring Agency Report for the quarter ended June 30, 2026

July 23, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G Dalal Street, Fort, Bandra Kurla Complex Mumbai - 400 001 Bandra (East), Mumbai - 400 051 BSE Scrip Code: 544311 NSE Symbol: IGIL Subject: Monitoring Agency Report for quarter ended June 30, 2026 Dear Sir/ Madam, Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the Monitoring Agency Report issued by ICRA Limited for the quarter ended June 30, 2026. Kindly take the same on record. Thanking you, Yours faithfully, For International Gemological Institute Limited Nitika Dalmia Company Secretary and Compliance Officer Encl: a/a June2026 MONITORING AGENCYREPORT Name of the Issuer: International Gemological Institute Limited (formerly Known as International Gemmological Institute(India)Limited) For quarter ended: June30, 2026 Name of the Monitoring Agency (MA):ICRA Limited (a) Deviation from the objects of the issue: Nodeviation -the utilization of the issuance proceeds is in line with the objects of the issue. (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 inany 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 relatedanalyses. 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 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 Signature: Parul Goyal Narang Vice President &Head-Process Excellence Analyst:Arshi Naz Quality Analyst: Dhwani Vinchhi Sensitivity Label : Confidential June2026 1. IssuerDetails Name of the Issuer: International Gemological Institute Limited (formerly known as International Gemmological Institute (India) Limited) Name(s) of the promoters: Promoters BCP ASIA II TOPCO PTE LTD Source: BSE Industry/ sector to which it belongs:Diversified Commercial Services 2. Issue Details Issue Period:Openingdate-December 13, 2024 Closingdate-December 17, 2024 Type of Issue:Initial Public Offer Type of specified securities:Equity shares IPO Grading, if any: No credit rating agency registered with SEBI has been appointed in respect ofobtaininggrading for theoffer. Issue Size (Rs. Crore):4,225.000 With OFS portion:INR 4,225.000 Crore Excluding OFS portion:INR1,475.000Crore Net proceedsas per Prospectus:INR 1,409.740Crore (Excluding Issue Related Expenses) Note:ICRA has monitoredINR 1,475.000 crore as on June30, 2026. Sensitivity Label : Confidential June2026 3. Details of the arrangement made to ensure the monitoring of issue proceeds. Source of information, Comments of certifications considered by Comments of the Particulars Reply the Monitoring Agency for Monitoring Agency Board of the preparation of report Directors -Peer reviewed CAcertificate -Confirmation from Whether all utilization is as per the management No deviation Yes No comments disclosures in the Offer Document? -Bank statement of the observed. proceeds account/ corresponding accounts Whether shareholder approval has been obtained in case of material Not No comments No comments deviations#from expenditures Applicable management disclosed in the Offer Document? Whether the means of finance for the disclosed objects of the issue has No No comments No comments management changed? Is there any major deviation observed over the earlier monitoring agency No No deviation observed. No comments No comments reports? Whether all Government/ statutory RBI Approval for approvals related to the object(s) have Yes remittance of No comments management been obtained? Fund. Whether all arrangements pertaining to technical assistance/ collaboration No comments No comments Applicable management are in operation? Are there any favorable events As understood improving the viability of these No comments Applicable management object(s)? management As understood Are there any unfavorable events Not No comments affecting the viability of the object(s)? Applicable management management Is there any other relevant information As understood that may materially affect the decision No No comments management making of the investors? management #Where material deviation is defined to mean: (a) Deviation in the objects or purposes for which the funds had been raised. (b) Deviation in the amount of funds utilizedby more than 10% of the amount specified in the offer document. Sensitivity Label : Confidential June2026 4. Details of the object(s) to be monitored. (i)Cost of object(s) Source of information, Directors Original certifications Comments cost (as per Revised considered by of the Particulars of S.N. Item Head the offer cost Reason Proposed the Monitoring Monitoring firm document) [Rs. Crore] for cost financing Agency for the Agency arrangement [Rs. Crore] revision option preparation of s made report Payment of the purchase consideration for the Not No 1 acquisition of the IGI Prospectus 1,300.000 No comments Applicable Comments Belgium Group and IGI Netherlands Group from Promoter General corporate Not No 2 Prospectus 109.740 No comments purposes Applicable Comments Total 1,409.740 Sensitivity Label : Confidential June2026 (iii) Deployment of unutilized proceeds Market Value Amount Return on Type of instrument and name of Maturity Earning as at the end of S.N. invested Investment the entity invested in date [Rs. Crore] quarter [Rs. Crore] Public Issue Escrow A/c Balance 1 3.540# - - - 3.540 as on 30.06.2026 Total 3.540 3.540 Source: As certified by S K Patodia & Associates LLP #Includes Issue related expenses of INR 1.327 crore which will be incurred by the company on behalf of selling shareholders. Sensitivity Label : Confidential June2026 (iv)Delay in the implementation of the object(s) Completion date Board of Directors As per the Delay Proposed Reason Object(s) offer Actual^ [Number of days course of for delay document or months] action Payment of the purchase consideration for the acquisition of December 31, Completed No Delay No comments the IGI Belgium Group and IGI 2024 Netherlands Group from Promoter December 31, General corporate purposes Completed No Delay* No comments 2024* *Out of the planned expenditure of INR 109.740 crore tillDecember 31, 2024, the company has utilized INR 84.740crore tillDecember 31, 2025and INR 25.00 crore by March 31, 2026.(refer to point 5 for detailed bifurcation) *As per the relevant extract, of the offer document, filed by [Showing first 8,000 characters — download PDF for full document]