Monitoring Agency Report

Date: 30-10-2026 BSE Limited National Stock Exchange of India Limited Dept. of Corporate Services, Dept. of Corporate Compliances, Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1 Block-G, Bandra Kurla Dalal Street, Mumbai- 400 001 Complex, Bandra (E) Mumbai- 400 051 BSE Scrip Code - 544716 NSE Symbol: SRTL ISIN: INE19GK01015 Dear Sir /Ma'am, SUB: Outcome of Board Meeting along with Monitoring Agency Report for the quarter ended on September 30, 2026. Ref: Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Regulation 41(4) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. Pursuant to Regulation 32(6) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 read with Regulation 41(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we are enclosing herewith the approved Monitoring Agency Report issued by “CRISIL RATINGS LIMITED”, Monitoring Agency, for the quarter ended September 30, 2026 in respect of utilization of proceeds of the Initial Public Offer (IPO) of the Company at the Board Meeting held today i.e. October 30, 2026. The Board meeting commenced at 4:00 P.M. and concluded at 4:45 P.M Please take the same in your records and do the needful. Thanking You. Yours Truly, FOR SHREE RAM TWISTEX LIMITED BHAVESHBHAI BHIKHUBHAI RAMANI MANAGING DIRECTOR DIN: 00534813 Encl: A/a Monitoring Agency Report Shree Ram Twistex Limited for the quarter ended September 30, 2026 CRL/MAR/ SHRTPL/2026-27/2038 October 30, 2026 Shree Ram Twistex Limited 566P1, Umwada Road, Near Bajrang Cotspin, Gondal, Rajkot – 360 311, Gujarat, India Dear Sir, Monitoring Agency Report for the quarter ended September 30, 2026, - in relation to the Initial Public Offer (“IPO”) of Shree Ram Twistex 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 November 18, 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: Shree Ram Twistex Limited For quarter ended: September 30, 2026 Name of the Monitoring Agency: Crisil Ratings Limited (a) Deviation from the objects: Utilization different from objects stated in the offer document but in line with changes of objects approved by shareholder’s resolution (b) Range of Deviation: Upto 10% 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 securities 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: Shree Ram Twistex Limited Names of the promoter: a. Mr. Bhaveshbhai Bhikhubhai Ramani b. Mr. Jay Atulbhai Tilala c. Mrs. Nidhi Bhaveshbhai Kothari Industry/sector to which it belongs: Other Textile Products 2) Issue Details Issue Period: Monday, February 23, 2026, to Wednesday, February 25, 2026 Type of issue (public/rights): Initial Public Offer (IPO) Type of specified securities: Equity Shares IPO Grading, if any: NA Issue size: Rs 11,024.00 lakh* (Refer Note 1 below) Note 1: Amount Particulars (Rs in lakh) Gross Proceeds 11,024.00* Less: Offer Expenses 500.45 Net Proceeds 10,523.55 *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 Comments of the of the Particulars Reply considered by Monitoring Board of Monitoring Agency for Agency Directors preparation of report Utilization Statutory Auditor’s different from Certificate^, objects stated in Management the offer undertaking, Whether all utilization is as per the document but in No No Prospectus dated disclosures in the Offer Document? line with changes comments February 26, 2026 of objects (hereinafter referred to approved by as “Offer Document”), shareholder’s Bank Statements resolution Source of information/ Comments certifications Comments of the of the Particulars Reply considered by Monitoring Board of Monitoring Agency for Agency Directors preparation of report Shareholder approval is Whether shareholder approval has been obtained for the obtained in case of material deviations from No Yes revision in cost of expenditures disclosed in the Offer comments objects. Refer to Document? point 4(i) on page Whether the means of finance for the No No No Comments disclosed objects of the issue has changed? comments Is there any major deviation observed over No NA No Comments the earlier monitoring agency reports? comments Whether all Government/statutory approvals related to the object(s) have been NA Statutory Auditor’s No Comments comments obtained? Certificate^, Management undertaking Whether all arrangements pertaining to technical assistance/collaboration are in NA No Comments comments operation? Are there any favorable events improving No No No Comments the viability of these object(s)? comments Are there any unfavorable events affecting No No No Comments the viability of the object(s)? comments Is there any other relevant information that may materially affect the decision making No No Comments comments of the investors? NA represents Not Applicable ^Certificate dated October 15, 2026, issued by M/s Doshi Doshi & Co., Chartered Accountants (Firm Registration Number: 153683W), Peer Reviewed Independent Chartered Accountant. 4) Details of object(s) to be monitored: i. Cost of the object(s): Comments of the Board of Source of Original Directors information/ cost Revised Comment Particu Sr. certification (as [Showing first 8,000 characters — download PDF for full document]