Monitoring Agency Report

October 29, 2026 To, To, Listing Department Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex Bandra (East), Dalal Street, Mumbai – 400 051 Mumbai – 400 001 NSE Symbol: GKENERGY Scrip Code BSE- 544525 Dear Sir/Madam, Subject: Disclosure under Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 – 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 (“SEBI Listing Regulations”) read with Regulation 173A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable laws, we have enclosed herewith the Monitoring Agency Report for the quarter ended September 30, 2026, issued by CARE Ratings Limited (“Monitoring Agency”), in respect of the utilization of proceeds raised through Initial Public Offer of Equity Shares of the Company. The aforesaid Monitoring Agency Report has been reviewed by the Audit Committee and taken on record by the Board of Directors at its Meeting held on October 29, 2026. The same will be uploaded on the Company’s website at www.gkenergy.in. You are requested to take the same on your records. Thanking you, For GK ENERGY LIMITED (Formerly known as GK Energy Private Limited, GK Energy Marketers Private Limited) Shubham Suresh Jain Company Secretary & Compliance Officer Membership No. A76578 Place: Pune Monitoring Agency Report No. CARE/PRO/GEN/2026-27/1078 The Board of Directors GK Energy Limited Office No.1901, Tower A, Gokhale Business Bay, Plot No. A6 A7, Sr. No. 20/2 Paschimnagri, Kothrud Pune, Maharashtra Pune - 411038 October 29, 2026 Dear Sir/Ma’am, Monitoring Agency Report for the quarter ended September 30, 2026 - in relation to the IPO of GK Energy Limited (“the Company”) We write in our capacity of Monitoring Agency for the IPO for the amount aggregating to Rs.400.00 crore of the Company and refer to our duties cast under Regulation 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 August 26, 2025. Request you to kindly take the same on records. Thanking you, Yours faithfully, Ashish Kashalkar Associate Director Ashish.Kashalkar@careedge.in Report of the Monitoring Agency Name of the issuer: GK Energy Limited For quarter ended: September 30, 2026 Name of the Monitoring Agency: CARE Ratings Limited (a) Deviation from the objects: No deviation (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: Ashish Kashalkar Designation of Authorized person/Signing Authority: Associate Director 1) Issuer Details: Name of the issuer : GK Energy Limited Name of the promoter : Gopal Rajaram Kabra and Mehul Ajit Shah Industry/sector to which it belongs : Industrials – Construction – Civil Construction 2) Issue Details Issue Period : September 19, 2025 to September 23, 2025 Type of issue (public/rights) : Public (IPO) Type of specified securities : Equity shares IPO Grading, if any : Not Applicable Issue size (in `crore) : Rs.400.00 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 Board of Monitoring Agency preparation of report Directors Prospectus, Chartered Accountant (CA) The utilization of proceeds is as per Certificate*, Bank statements, Whether all utilization is as per the disclosures in the Offer Document? Yes the objects in the offer document No Comments Supporting invoices and Management during the quarter. Certificate Whether shareholder approval has been obtained in case of material CA Certificate*, Prospectus, Not Applicable Nil No Comments deviations# from expenditures disclosed in the Offer Document? Management Certificate Whether the means of finance for the disclosed objects of the issue CA Certificate*, Prospectus, No Nil No Comments have changed? Management Certificate Is there any major deviation observed over the earlier monitoring No major deviations observed from No Previous monitoring agency report No Comments agency reports? previous report. Whether all Government/statutory approvals related to the object(s) CA Certificate*, Prospectus, Not Applicable Not Applicable No Comments have been obtained? Management Certificate Whether all arrangements pertaining to technical CA Certificate*, Prospectus, Not Applicable Not Applicable No Comments assistance/collaboration are in operation? Management Certificate Are there any favorable/unfavorable events affecting the viability of CA Certificate*, Prospectus, No Nil No Comments these object(s)? Management Certificate Is there any other relevant information that may materially affect the CA Certificate*, Prospectus, No Nil No Comments decision making of the investors? Management Certificate *The above details are verified by Bharat J Rughani & Co. vide its CA certificate dated October 21, 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 – Source of information Original cost Comments of the Board of Directors Comments of / certifications (as per the Particulars of - Sr. Item Revised Cost the considered by Offer Reason for Proposed firm No Head in Rs. Crore Monitoring Monitoring Agency for Document) in cost revision finan [Showing first 8,000 characters — download PDF for full document]