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

Date: October 30, 2026. To, To, BSE Limited, National Stock Exchange of India Limited, Department of Corporate Services, The Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street, Fort, Mumbai-400001 Bandra Kurla Complex, Mumbai-400051 Scrip Code: 544545 Symbol: TRUALT Sub: Monitoring Agency Report for the quarter ended on September 30, 2026 Dear Sir/Madam, Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), read with Regulation 41(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we hereby submit the Monitoring Agency Report issued by Crisil Ratings Limited, for the quarter ended on September 30, 2026, in respect of utilization of the proceeds of the Initial Public Offer of the Company. Further, please note that the said report is also available on the Company’s website at www.trualtbioenergy.com We request you to kindly take the above on record. Yours faithfully, For TruAlt Bioenergy Limited Vijaykumar Murugesh Nirani Managing Director. DIN:07413777 Encl.: As above. Monitoring Agency Report TruAlt Bioenergy Limited for the quarter ended September 30, 2026 CRL/MAR/TRUIOE/2026-27/1998 October 27, 2026 TruAlt Bioenergy Limited Survey No. 166, Kulali Cross, Jamkhandi Mudhol Road, Bagalkot – 587313, Karnataka, India Dear Sir, Monitoring Agency Report for the quarter ended September 30, 2026 - in relation to the Initial Public Offer (“IPO”) of TruAlt Bioenergy Limited (“the Company”) Pursuant to Regulation 41(2) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Agreement dated September 19, 2025, enclosed herewith the Monitoring Agency Report, issued by Crisil Ratings Limited, Monitoring Agency, as per Schedule XI of the SEBI ICDR Regulations towards utilization of proceeds of IPO for the quarter ended September 30, 2026. Request you to kindly take the same on records. Thanking you, For and on behalf of Crisil Ratings Limited Shounak Chakravarty Director, Ratings (LCG) Report of the Monitoring Agency (MA) Name of the issuer: TruAlt Bioenergy Limited For quarter ended: September 30, 2026 Name of the Monitoring Agency: Crisil Ratings Limited (a) Deviation from the objects: Not applicable (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 we do not perceive any conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer. 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: Shounak Chakravarty Designation of Authorized person/Signing Authority: Director, Ratings (LCG) 1) Issuer Details: Name of the issuer: TruAlt Bioenergy Limited Names of the promoter: Mr. Vijaykumar Nirani, Mr. Vishal Nirani, Mrs. Sushmitha Vijaykumar Nirani Industry/sector to which it belongs: Other agricultural products 2) Issue Details Issue Period: September 25, 2025, to September 29, 2025 Type of issue (public/rights): Initial Public Offer (IPO) Type of specified securities: Equity Shares IPO Grading, if any: NA Issue size: Rs 750.00 crore* *Note: Particulars Amount (Rs. crore) Gross proceeds 750.00# Less: Issue Expenses 92.96 Net Proceeds 657.04 #Crisil Ratings shall be monitoring the gross proceeds. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information/ Comments certifications considered Comments of the of the Particulars Reply by Monitoring Agency Monitoring Agency Board of for preparation of report Directors Management undertaking, Peer-reviewed Independent Chartered Proceeds were utilized Whether all utilization is as per Accountant certificate^, towards capital No the disclosures in the Offer Yes Prospectus dated expenditure and issue comments Document? September 29, 2025 expenses (hereinafter referred as “Offer document”), Bank Statements Whether shareholder approval has been obtained in case of material deviations from NA No comments comments expenditures disclosed in the Offer Document? Whether the means of finance for the disclosed objects of the issue No No comments comments has changed? Is there any major deviation observed over the earlier No No comments comments monitoring agency reports? Whether all Government/ Management No statutory approvals related to the NA No comments Undertaking, Peer- comments object(s) have been obtained? reviewed Independent Whether all arrangements Chartered Accountant pertaining to technical No NA certificate^ No comments assistance/collaboration are in comments operation? Are there any favorable events improving the viability of these No No comments comments object(s)? Are there any unfavorable events affecting the viability of the No No comments comments object(s)? Is there any other relevant information that may materially No No No comments affect the decision making of the comments investors? NA represents Not Applicable ^Certificate dated October 15, 2026, issued by M/s YCRJ & Associates, Chartered Accountants (Firm Registration Number: 006927S), Peer-reviewed Independent Chartered Accountant. 4) Details of object(s) to be monitored: i. Cost of the object(s): Source of Original Comments of the Board of Directors information/ cost Revised Comment certification (as per the Particulars of Sr. Cost of the Reason of Proposed Item considered by Offer firm No. (Rs in Monitoring Cost financing Head MA for Document) arrangements crore) Agency revision option preparation of (Rs in made report crore) Funding capital expenditure towards setting up multi-feed stock operations to pave- way for utilizing No 1 150.68 NA No revision NA NA Management grains as an additional revision undertaking, raw material in Peer- ethanol plant at TBL reviewed Unit 4 of 300 KLPD Independent capacity Chartered Funding working No 2 Accountant 425.00 NA No revision NA NA capital requirements revision certificate^, Offer General corporate No 3 document 81.36 NA No revision NA NA purposes# revision - Sub-total 657.04 - - - - - 4 Issue expenses 92.96 NA No revision NA NA revision - Total - 750.00 - - - - [Showing first 8,000 characters — download PDF for full document]