Pursuant to Regulation 32(6) of the SEBI (LODR) Regulations, 2015 read with Regulation 41(4) of the SEBI (ICDR) Regulations, 2018, please find enclosed herewith the Monitoring Agency Report ....

Ref./No./FRACTAL/SE/2026-27/031 Date: July 23, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Fort, Bandra (East), Mumbai 400051 Mumbai 400 001 Maharashtra, India Maharashtra, India Scrip Symbol: FRACTAL Scrip Code: 544700 Sub: Monitoring Agency Report for the quarter ended June 30, 2026 Dear Ma’am / Sir, Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Regulation 41(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, please find enclosed herewith the Monitoring Agency Report for the quarter ended June 30, 2026, issued by CARE Ratings Limited, the Monitoring Agency appointed to monitor the utilisation of proceeds of the Initial Public Offer of the Company. The said report has been reviewed and taken on record by the Audit Committee and the Board of Directors of the Company at their respective meetings held today i.e. on July 23, 2026. This disclosure will also be hosted on the Company’s website at: https://fractal.ai/investor-relations Kindly take the same on records and arrange to bring this to the notice of all concerned. Thanking you. Yours sincerely, For Fractal Analytics Limited Somya Agarwal Company Secretary and Compliance Officer Membership No: A17336 Encl: a/a Fractal Analytics Limited (formerly known as Fractal Analytics Private Limited) CIN: L72400MH2000PLC125369 Registered address: Level 7, Commerz II, International Business Park, Oberoi Garden City, Off W. E. Highway Goregaon (E), Mumbai - 400063, Maharashtra, India. W: www.fractal.ai | P: +91 22 6850 5800 | E: investorrelations@fractal.ai No. CARE/ARO/GEN/2026-27/1101 The Board of Directors Fractal Analytics Limited Level 7, Commerz II, International Business Park, Oberoi Garden City, Off W. E. Highway Goregaon (E), Mumbai - 400063, Maharashtra, India July 23, 2026 Dear Sir/Ma’am, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Initial Public Offering (IPO) of Fractal Analytics Limited (“the Company”) We write in our capacity of Monitoring Agency for the IPO for the amount aggregating to Rs. 1,023.50 crore of the Company and refer to our duties cast under 41 of the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations. In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30, 2026 as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated January 23, 2026 and May 07, 2026. Request you to kindly take the same on records. Thanking you, Yours faithfully, Komal Israni Assistant director Komal.israni@careedge.in Report of the Monitoring Agency Name of the issuer: Fractal Analytics Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: CARE Ratings Limited (a) Deviation from the objects: Nil (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 there is no conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity. 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: Komal Israni Designation of Authorized person/Signing Authority: Assistant director 1) Issuer Details: Name of the issuer : Fractal Analytics Limited Name of the promoter : Srikanth Velamakanni, Pranay Agrawal, Chetana Kumar, Narendra Kumar Agrawal and Rupa Krishnan Agrawal Industry/sector to which it belongs : Data Analytics and Artificial Intelligence 2) Issue Details Issue Period : Feb 09, 2026 to Feb 11, 2026 Type of issue (public/rights) : Public (IPO) Type of specified securities : Equity shares IPO Grading, if any : Not applicable Issue size (in crore) : Rs. 1,023.5 crore (Fresh issue) Note: The company had offered 3,15,57,305 shares, comprising a fresh issue of 1,14,41,751 equity shares and an offer for sale of 2,01,15,554 shares at an issue price of Rs.900 per share aggregating Rs.1,023.5 crore for the fresh issue and Rs.1810.4 crore for the offer for sale. The fresh issue included 7,36,196 equity shares offered to eligible employees under the employee reservation portion at a discount of Rs.85 per share. The overall issue was oversubscribed by around 2.7 times, while the employee portion received bids for 3,83,008 shares. Subsequently, the company allotted 3,15,23,948 shares (1,14,08,394 shares under the fresh issue and 2,01,15,554 shares under offer for sale) for a total consideration of Rs.2,833.9 crore. Particulars Amount (in Rs. crore) Gross Proceeds received from the fresh issue 1,023.5 Less: Issue expenses related to the fresh issue 64.2 ^ Net Proceeds from the fresh issue available for utilization 959.3 ^ Related to fresh issue as mentioned in prospectus. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / certifications Comments of the Comments of the Particulars Reply considered by Monitoring Agency for Monitoring Agency Board of Directors preparation of report Prospectus dated Feb 11, 2026, CA certificate*, Management certificate, Bank The company has utilized Rs.282.2 Whether all utilization is as per the disclosures in the Offer statements, CA certificate on issue Yes crore in Q1FY27 towards the objects No comments received Document? expenses#, Invoices and bank statements specified in the prospectus for purchase of laptops, Select high value invoices related to issue expenses. Whether shareholder approval has been obtained in case of material Not Not applicable Not applicable No comments received deviations# from expenditures disclosed in the Offer Document? applicable Whether the means of finance for the disclosed objects of the issue No CA certificate, Management certificate No comments No comments received have changed? Is there any major deviation observed over the earlier monitoring Not Q4FY26 Monitoring agency report dated No comments No comments received agency reports? applicable May 11, 2026 Whether all Government/statutory approvals re [Showing first 8,000 characters — download PDF for full document]