Please find enclosed the Monitoring Agency Report for the quarter ended 30th September 2026.

CG Power and Industrial Solutions Limited Registered Office: ONE UNITY CENTER, Unit Nos. 1504-1508, Senapati Bapat Marg, Prabhadevi, Mumbai – 400013, India T: +91 22 3120 7777 W: www.cgglobal.com Corporate Identity Number: L99999MH1937PLC002641 Our Ref: COSEC/105/2026-27 23rd October 2026 By portal The Corporate Relationship The Assistant Manager - Listing Department National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Bandra-Kurla 1st Floor, New Trading Ring Complex, Rotunda Building, Bandra (East), Phiroze Jeejeebhoy Towers, Mumbai 400 051 Dalal Street, Mumbai 400 001 Scrip Code: 500093 Scrip Id: CGPOWER Dear Sir/Madam, Sub.: Monitoring Agency Report for the quarter ended 30th September 2026. Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Regulation 173A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, please find enclosed the Monitoring Agency Report for the quarter ended 30th September 2026. The said Report has been issued by CARE Ratings Limited (Monitoring Agency) in respect of the utilization of proceeds raised through Qualified Institutions Placement (QIP) by the Company. The same is also being uploaded on the Company’s website at www.cgglobal.com. Request to take the same on record. Thanking you. Yours faithfully, For CG Power and Industrial Solutions Limited Sanjay Kumar Chowdhary Company Secretary and Compliance Officer Encl: As above Monitoring Agency Report No. CARE/HO/GEN/2026-27/1172 The Board of Directors CG Power and Industrial Solutions Limited 6th Floor CG HOUSEAB Road Worli, Mumbai, Maharashtra, India, 400030 October 23, 2026 Dear Sir/Ma’am, Monitoring Agency Report for the quarter ended Sept 30, 2026 - in relation to the QIP issue of CG Power and Industrial Solutions Limited (“the Company”) We write in our capacity of Monitoring Agency for the QIP Issue for the amount aggregating to Rs. 3000 crore of the Company and refer to our duties cast under 173A 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 September 30, 2026 as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated June 30, 2025. Request you to kindly take the same on records. Thanking you, Yours faithfully, Rabin Bihani Associate Director rabin.bihani@careedge.in Report of the Monitoring Agency Name of the issuer: CG Power and Industrial Solutions Limited For quarter ended: September 30, 2026 Name of the Monitoring Agency: CARE Ratings Limited (a) Deviation from the objects: Nil (b) Range of Deviation: Nil 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: Rabin Bihani Designation of Authorized person/Signing Authority: Associate Director 1) Issuer Details: Name of the issuer : CG Power and Industrial Solutions Limited Name of the promoter : Tube Investments of India Limited Industry/sector to which it belongs : Engaged in manufacturing products for power, railways, and other manufacturing sector. 2) Issue Details Issue Period : June 30, 2025, to July 03, 2025 Type of issue (public/rights) : QIP Type of specified securities : Equity Shares IPO Grading, if any : Not applicable Issue size (in crore) : Rs. 3000 crore 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 Proceeds from the QIP issue have been utilized appropriately for the objects mentioned in the Whether all utilization is as per the disclosures in the Offer CA Certificate*, Management Yes offer document. The company have utilized - Document? Certificate and Bank Statement the funds towards setting up power transformer plant. Whether shareholder approval has been obtained in case of material deviations# from expenditures disclosed in the Offer Management Certificate There is no material deviation. - applicable Document? Whether the means of finance for the disclosed objects of the There is no change in means of finance No Management Certificate - issue have changed? towards the disclosed objects. There is no deviation from previous MA report Is there any major deviation observed over the earlier No Management Certificate dated July 24, 2026, for the quarter ending - monitoring agency reports? June 30, 2026. Whether all Government/statutory approvals related to the Yes Management Certificate - - object(s) have been obtained? In the subsidiary, CG Semi Private Limited, technology shall be provided by Renesas Whether all arrangements pertaining to technical Electronics America Inc. and Stars Yes Management Certificate - assistance/collaboration are in operation? Microelectronics (Thailand) Public Company Limited, which holds 6.76% and 0.90% equity respectively in CG Semi Private Limited. 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 Are there any favorable/unfavorable events affecting the No Management Certificate - viability of these object(s)? Is there any other relevant information that may materially No Management Certificate - - affect the decision making of the investors? *Chartered Accountant certificate from statutory auditor, Price Waterhouse Chartered Accountants LLP vide CA certificate dated Oct 10, 2026. There has been a change in statutory auditor of CG Power and Industrial Solutions Limited from SRBC & Co LLP to Price Waterhouse Chartered Accountants LLP with effect from Q2FY27, in alignment with the change in the statutory auditor of the parent entity, Tube Investments of India Limited. S R Batliboi & Associates LLP, statutory auditor of the [Showing first 8,000 characters — download PDF for full document]