Monitoring Agency Report

SKPL/SECT/2026-27/107 Date: 31st October, 2026 The Manager The Manager National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Dalal Street Plot No. C-1, Block-G Mumbai- 400 001 Bandra Kurla Complex, Bandra (E) Scrip Code- 538562 Mumbai- 400 051 Symbol- SKIPPER Sub: Submission of Monitoring Agency Report under Regulation 162A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, for the quarter ended 30th September, 2026. Dear Sir/Madam, Pursuant to Regulation 162A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we are enclosing herewith a report issued by India Ratings and Research Private Limited, appointed as Monitoring Agency in relation to Preferential Issue, in the prescribed format, towards utilization of proceeds of Preferential Issue, for the quarter ended 30th September, 2026. Kindly take the same on record. Thanking you, Yours faithfully, For Skipper Limited Anu Singh Company Secretary & Compliance Officer Encl: As above Date: 30th October 2026 Skipper Limited, 3A, Loudon Street, Kolkata -700017 Subject: Monitoring Agency Report for the quarter ended 30th September 2026 in relation to Preferential Issue. Dear Sir, Pursuant to Regulation 162A (2) of SEBI (lssue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Agreement dated 1st June 2026, please find enclosed herewith the Monitoring Agency Report, as per Schedule XI of the SEBI ICDR Regulations towards utilization of proceeds of Preferential Issue, for the quarter ended September 30, 2026. Request you to kindly take the same on records. Thanking You, For and on behalf of India Ratings & Research Private Limited Name: Shrikant Dev Designation: Company Secretary India Ratings & Research Private Limited A Fitch Group Company Wockhardt Towers, Level 4, West Wing, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 Tel: +91 22 4000 1700 Fax: +91 22 4000 1701 CIN/LLPIN: U67100MH1995FTC140049 www.indiaratings.co.in Report of the Monitoring Agency (MA) Name of the issuer: Skipper Limited For quarter ended: 30th September 2026 Name of the Monitoring Agency: India Ratings & Research Private Limited (a) Deviation from the objects: No Deviation from the objects. Based on the Management undertaking and as per the Statutory Auditor Certificate dated 29th October 2026 issued by M/s. J K V S & CO, Chartered Accountants (FRN: 318086E) having UDIN 26068756QVEUMO9205* and other documents provided to us, no deviation from the objects has been observed. *The reference to the Statutory Auditor Certificate in the MA report refers to the said Certificate. (b) Range of Deviation: Not Applicable Any other material fact to be highlighted: The Company has repaid the Working Capital Demand Loans and Cash Credit Facilities. The corresponding Working Capital Limits are not reduced/cancelled and since the working capital facility is revolving, the working capital loans are available for redraw after repayment. 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: Shrikant Dev (Company Secretary) Date: 30th October 2026. Page 1 of 8 1) Issuer Details: Name of the issuer: Skipper Limited (“the Company”) Names of the promoters:  Sajan Kumar Bansal  Sharan Bansal  Sumedha Bansal  Devesh Bansal  Siddharth Bansal  Shruti M Bansal  Reshu Bansal  Meera Bansal  Skipper Plastics Limited  Ventex Trade Private Limited  Samriddhi Ferrous Private limited  Skipper Polypipes Private Limited  Vaibhav Metals LLP  Utsav Ispat LLP  SK Bansal legacy Trust  SK Bansal family Trust  SK Bansal Unity Trust  SK Bansal Heritage Trust Industry/sector to which it belongs: Manufacturers for Power Transmission & Distribution Structures and execution of EPC Projects. 2) Issue Details: Issue/offer Period: 25th July 2026 to 31st July 2026 Type of issue (public/rights): Preferential Issue Type of specified securities: 92,23,402 Equity Shares @ ₹ 470 per equity Shares with face value of ₹. 1 each IPO Grading, if any: Not Applicable Issue size: INR 433.50 Crores 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / Comments Comments of certifications considered by of the Particulars Reply the Board of Monitoring Agency for preparation Monitoring Directors of report Agency Management undertaking, Statutory Whether all utilization is as Auditor Certificate, Notice to per the disclosures in the Yes Shareholders for EGM, Relevant Bank No Comments Comments Offer Document? Statements, Loan account statements, Balance confirmation. Page 2 of 8 Source of information / Comments Comments of certifications considered by of the Particulars Reply the Board of Monitoring Agency for preparation Monitoring Directors of report Agency Whether shareholder approval has been obtained in Management undertaking, Statutory No case of material deviations NA No Comments Auditor Certificate. Comments from expenditures disclosed in the Offer Document? Whether the means of finance Management undertaking, Statutory No for the disclosed objects of No No Comments Auditor Certificate. Comments the issue has changed? Is there any major deviation observed over the earlier NA NA No Comments Comments monitoring agency reports? Whether all Government/Statutory Management undertaking, Statutory No NA No Comments approvals related to the Auditor certificate. Comments object(s) have been obtained? Whether all arrangements pertaining to technical Management undertaking, Statutory No NA No Comments assistance/collaboration are in Auditor certificate. Comments operation? Are there any favorable Management undertaking, Statutory No events improving the viability No No Comments Auditor certificate. Comments of these object(s)? Are there any unfavorable Management undertaking, Statutory No events affecting the viability of No No Comments [Showing first 8,000 characters — download PDF for full document]