Monitoring Agency Report for the quarter ended September 30, 2026.

Ref No: RML/2026-27/725 Date: October 30, 2026 BSE Limited National Stock Exchange of India Limited Scrip Code: 543228 Symbol: ROUTE Sub: Monitoring Agency Report for the quarter ended September 30, 2026 Dear Sir /Madam, Pursuant to Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 please find enclosed herewith Monitoring Agency Report in respect of utilization of proceeds of IPO for the quarter ended September 30, 2026, issued by Axis Bank Limited, Monitoring Agency. You are requested to take the above information on record. Thanking you, Yours faithfully, For Route Mobile Limited Tejas Shah Company Secretary & Compliance Officer ICSI Membership No: A34829 Encl: as above AXB/CO/ 2026-27/ Oct 30, 2026 Route Mobile Limited 4th Dimension, 3rd Floor, Mind Space, Malad (West), Mumbai 400 064, Maharashtra, India. Dear Sir, Sub.: Route Mobile Limited - Initial public offering of equity shares by the Company aggregating upto INR 2400 Million. We write in our capacity of Monitoring Agent to the Company and refer to our duties cast under Regulation 41(2) of the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations, 2018. In terms of above, please find attached the Monitoring Report for the quarter ended on Sep 30, 2026, as per Schedule XI of the aforesaid SEBI Regulations. Request you to kindly take the same on records. Thanking you. For and on behalf of Axis Bank Ltd P AWAN Digitally signed by PAWAN RAJKUMAR RAJKUMAR VAISHYA V AISHYA Date: 2026.10.30 14:42:19 +05'30' Authorized Signatory Report of the Monitoring Agency Name of the Issuer: Route Mobile Limited For Quarter ended: Sep 30, 2026 Name of the Monitoring Agency: Axis Bank Limited (a) Deviation from the objects: No deviation from objects (relevant comments are specified in the report below) (b) Range of Deviation: Not applicable (relevant comments are specified in the report below) Declaration: We declare that this report is based on the format as prescribed by SEBI (ICDR) Regulations, 2018, as amended. We further declare that this report provides a true and fair view of the utilization of issue proceeds. We declare that we do not have any direct / indirect interest in or relationship with the issuer/promoters/directors/management and also confirm that we do not perceive any conflict of interest in such relationship / interest while monitoring and reporting the utilization of issue proceeds by the issuer. We also declare that the certificate is provided on the basis of management representation and certification provided by the independent chartered accountant. For and on behalf of Axis Bank Ltd PAWAN Digitally signed by PAWAN RAJKUMAR RAJKUMAR VAISHYA Date: 2026.10.30 VAISHYA 14:42:43 +05'30' Name: Pawan Vaishya Date: Oct 30, 2026 1) Issuer Details: Name of the issuer : Route Mobile Limited The names of the promoters of the issuer : Proximus Opal S.A./N.V.,Sandipkumar Gupta, and Rajdipkumar Gupta Industry/sector to which it belongs : Cloud Communication platform as a service (“CPaaS”). 2) Issue Details: Issue Period : 09th September, 2020 – 11th September, 2020 Type of Issue (public/rights) : Public Issue Type of specified securities : Equity Shares Grading : As this is an offer of Equity shares, no credit rating agency has been appointed in respect of obtaining grading for the offer. Issue size : Fresh issue of INR 2400 Million 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Comments of Monitoring Comments of the Board of Particulars Reply Agency Directors Whether all the utilization is as INR 1580.91 million has been Yes per disclosure in Offer Yes utilised as on Sep 30, 2026, Document? and the balance amount is still lying in the bank account. Whether Shareholder approval is obtained in case of material deviations# from Not applicable Not applicable applicable expenditures disclosed in Offer Document? Whether means of finance for disclosed objects of the No No There is no change Issue has changed? Any major deviation observed over the earlier No No No monitoring agency reports? Whether all Government / Statutory approvals related Not applicable Not applicable applicable to the object(s) obtained? Whether all arrangements pertaining to technical Yes Yes Yes assistance/collaboration are in operation? Any favorable events No No No improving object(s) viability Any unfavorable events No No No affecting object(s) viability Any other relevant information that may None None None materially affect the decision making of the investors 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. (cid:1007)(cid:895) Details of object(s)s to be monitored: (i) Cost of objects- Particulars Amount in INR. Million Gross Proceeds from the Fresh Issue 2400.00 (Less) Offer expenses* 169.09 Net Proceeds 2230.91 * Total issue expenses attributable to Route Mobile Limited is 178.42 mn. Thus additional INR 9.33 mm is paid by the Company from General corporate expenses. (Give Item by Item Description for all the Objects Stated in Offer Document separately in following format) Sl. Item Head Original Cost Revised Comments Comments of the Board of Directors No (as per Offer Cost of Reason Proposed Particulars of Document) INR In Monitoring of cost financing firm INR In millions millions Agency revision option arrangements made 1 Repayment 365.00 NA NA NA NA NA or pre- payment, in full or part, of certain borrowings of our Company 2 Acquisitions 830.00 NA NA NA NA NA and other strategic initiatives 3 Purchase of 650.00 NA NA NA NA NA office premises in Mumbai 4 General 385.91 NA NA NA NA NA corporate purpose Total 2,230.91 (ii) Progress in the objects- (Give Item by Item Description for all the Objects Stated in Offer Document separately in the following format) – INR in millions Projected utilization of Amount Total unutilized proceeds as per Utilized upto amount as on Sr the offer September September No Item Heads document 30th, 2026 30th, 2026 Remarks Company has made the repayment of loan Repayment or pre- availed from HDFC bank payment, in full or part, of INR 65 million and Kotak certain borrowings of the bank INR 300 millions 1 Company 365.00 365.00 Nil (Refer Annexure 1) Acquisitions and other 2 strategic initiatives 830.00 830.00 Nil (Refer Annexure 2) Purchase of office 3 premises in Mumbai 650.00 Nil 650.00 General corporate 385.91 385.91 Nil 4 purposes (including IPO related expenses apportioned to the Company) ¤ Total 2,230.91 1580.91 650.00 (iii) Deployment of unutilised Issue proceeds: INR in millions Book Value Amount Earnings Return on Sl. Type of instrument where Maturity as at the end invested (INR in Investment No amount invested* date of quarter (INR in million) million) (ROI %) (INR in million) Fixed Deposit with Axis bank bearing FD 1 no 920040055399996 19.99 13-Oc t-26 7.14 6.25 27.12663 Fixed Deposit with Axis bank bearing FD 2 no 920040055400094 19.99 13-Oct-26 7.14 6.25 27.12663 Fixed Deposit with Axis bank bearing FD 3 no 920040055399336 19.99 01-Oct-26 6.47 5.0 0 26.46344 Fixed Deposit with Axis bank bearing FD 4 no 920040055400216 19.99 01-Oc t-26 6.40 5.00 26.39036 Fixed Deposit with Axis bank bearing FD 5 no 920040055659434 15.00 19-Oc t-26 5.65 6.2 5 20.64979 Fixed Deposit with Axis bank bearing FD 6 no 920040055388899 19.90 13-Oc t-26 7.18 6.25 27.07927 Fixed Deposit with Axis bank bearing FD 7 no 920040055399158 19.99 01-Oc t-26 6.47 5.00 26.46343 Fixed Deposit with Axis bank bearing FD 8 no 920040055390520 19.90 13-Oct-26 7.18 6.2 5 27.07927 Fixed Deposit with Axis bank bearing FD 9 no 920040055399857 19.99 13-Oct-26 7.14 6.25 27.12663 Fixed Deposit with Axis bank bearing FD 10 no 920040055399970 19.99 01-Oct-26 6.40 5.00 26.39036 Fixed Deposit with Axis bank bearing FD no 11 92004005539 [Showing first 8,000 characters — download PDF for full document]