Monitoring Agency Report

Date: 28/10/2026 To, To, BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Exchange Plaza 5th Floor, Plot no. C/1, 25th Floor, P J Towers, Dalal Street, G Block, Bandra Kurla Complex, Fort, Mumbai – 400001. Bandra (East), Mumbai – 400051. SCRIP CODE: 544814 SYMBOL: KNACK Dear Sir/ Madam, Sub: Monitoring Agency Report for the quarter ended September 30, 2026. Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended read with Regulation 41(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, we are enclosing herewith the Monitoring Agency Report, dated October 27, 2026, issued by CARE Ratings Limited ("Monitoring Agency") for the quarter ended September 30, 2026 in respect of utilization of proceeds raised through the Initial Public Offer ("IPO") of Knack Packaging Limited (the "Company"). The aforesaid report has been placed before the Audit Committee and the Board of Directors of the Company and duly noted/approved at their respective meetings held on October 27, 2026. The said report shall also be made available on the Company's website at www.knackpackaging.com You are requested to take the same on your records. Thanking you, Yours faithfully, For Knack Packaging Limited Ravikumar Pasi Company Secretary & Compliance Officer Membership No.: ACS-28167 Encl.: As above Monit oring Agency Report No. CARE/ARO/GEN/2026-27/1196 The Board of Directors Knack Packaging Limited 330/A, Third Floor, Kalasagar Mall, Opp. Saibaba Temple, Near Sattadhar Cross Roads, Ghatlodiya, Ahmedabad Gujarat 380061 October 27, 2026 Dear Sir/Ma’am, Monitoring Agency Report for the quarter ended September 30, 2026 - in relation to the IPO of Knack Packaging Limited (“the Company”) We write in our capacity of Monitoring Agency for the Initial Public Offer (IPO) for the amount aggregating to Rs.380 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 September 30, 2026 as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated June 23, 2026. Request you to kindly take the same on records. Thanking you, Yours faithfully, Sajni Shah Assistant Director Sajni.shah@careedge.in Report of the Monitoring Agency Name of the issuer: Knack Packaging Limited For quarter ended: September 30, 2026 Name of the Monitoring Agency: CARE Ratings Limited (a) Deviation from the objects: No (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: Sajni Shah Designation of Authorized person/Signing Authority: Assistant Director 1) Issuer Details: Name of the issuer : Knack Packaging Limited Name of the promoter : Alpesh Tulsi bhai Patel Pravin Kumar Ambalal Patel Rashmin bhai Tulsi Bhai Patel Industry/sector to which it belongs : Industrial Products - Plastic Products - Packaging 2) Issue Details Issue Period : July 01, 2026 to July 03, 2026 Type of issue (public/rights) : Initial Public Offer (IPO) Type of specified securities : Equity Shares IPO Grading, if any : Not applicable Issue size (in crore) : Rs.380 crore of fresh issue 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / certifications considered by Comments of the Comments of the Particulars Reply Monitoring Agency for Monitoring Agency Board of Directors preparation of report • Prospectus No Comments • Management certificate Whether all utilization is as per the disclosures in The utilization during Q2FY27 is in line with the Yes • Bank Statements the Offer Document? stated objects. • Chartered Accountant Certificate* Whether shareholder approval has been obtained No Comments in case of material deviations# from expenditures • Management certificate Not applicable applicable disclosed in the Offer Document? Whether the means of finance for the disclosed • Management certificate No Comments No Not applicable objects of the issue have changed? • Stock Exchange website Is there any major deviation observed over the Not No Comments • Not applicable Not applicable being first MA report earlier monitoring agency reports? applicable Whether all Government/statutory approvals Not No Comments • Management certificate Not Applicable related to the object(s) have been obtained? applicable No arrangement pertaining to technical No Comments Whether all arrangements pertaining to technical Not • Management certificate assistance/ collaboration is required with assistance/collaboration are in operation? applicable reference to the objects. Source of information / certifications considered by Comments of the Comments of the Particulars Reply Monitoring Agency for Monitoring Agency Board of Directors preparation of report Are there any favorable/unfavorable events • Management certificate No Comments No Nil affecting the viability of these object(s)? • Stock exchange filings Is there any other relevant information that may No Comments • Management certificate materially affect the decision making of the No Nil • Stock exchange filings investors? *Chartered Accountant certificate is from Statutory Auditor (Peer Review Firm) TALATI & TALATI LLP, dated October 24, 2026. #Where material deviation may be defined to mean: a) Deviation in the objects or purposes for which the funds have been raised b) Deviation in the amount of funds actually utilized by more than 10% of the amount projected in the offer documents. 4) Details of objects to be monitored: (i) Cost of objects – Comments of the Board of Directors Source of information / Original cost Comments of Particulars of - Sr. Item certifications considered (as per the Offer Revised Cost Proposed the Monitoring Reason for cost firm No [Showing first 8,000 characters — download PDF for full document]