Monitoring Agency Report

7/Govt/SE/2026-27/0062 31st October, 2026 National Stock Exchange of India BSE Limited Limited Exchange Plaza, 5th Floor, Department of Corporate Service Plot No. C/1, G Block, Bandra-Kurla Phiroze Jeejeebhoy Towers Complex, Bandra (East), 25th Floor, Dalal Street Mumbai 400 051 Mumbai - 400 001 Trading Symbol: PAKKA Scrip Code: 516030 Sub: Submission of Second Monitoring Agency Report for the quarter ended 30th September, 2026 – Preferential Issue of Equity Shares and Convertible Warrants Dear Sir/Madam, Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulation 162A of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, enclosed is the Second Monitoring Agency Report issued by Brickwork Ratings India Private Limited for the quarter ended 30th September, 2026. The report covers the utilisation of proceeds from the Company’s preferential issue of equity shares and convertible warrants, aggregating to ₹114.62 crore, including consideration receivable upon exercise of the warrants. No additional proceeds were received from the preferential issue during the quarter ended 30th September, 2026. The Monitoring Agency has reported no deviation from the objects of the issue. The report was reviewed by the Audit Committee at its meeting held on 30th October, 2026 and taken on record by the Board of Directors at its meeting held on 31st October, 2026. The signed report was received by the Company on 29th October, 2026 and is being submitted to the Stock Exchanges. The report is also available on the Company’s website at www.pakka.com. You are requested to take the above disclosure and the enclosed report on record. Thanking you, Yours faithfully, for Pakka Limited Sachin Kumar Srivastava Company Secretary & Head Corporate Finance Encl.: Second Monitoring Agency Report Pakka Limited, Pakka Nagar, Ayodhya 224135 (U.P.), India Registered Office: 312, Plaza Kalpana Society, 24/147, B-49, +91 78000 18989 | connect@pakka.com Birhana Road, Kanpur, Uttar Pradesh-208001, India www.pakka.com CIN: L24231UP1981PLC005294 Monitoring Agency Report for Pakka Limited for the quarter ended September 30, 2026 No. BWR/2026-27/IPM/PL/02 October 29, 2026 Mr. Ved Krishna Managing Director Pakka Limited 312, Plaza Kalpana Society, 24/147, B-49, Birhana Road, Kanpur, Uttar Pradesh – 208001, India. Dear Sir/Ma’am, Second Monitoring Agency Report for the quarter ended September 30, 2026 – in relation to the Preferential Issue of Pakka Limited (“the Company”) Pursuant to Regulation 162A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Agreement dated August 14, 2026, Brickwork Ratings (BWR) has prepared the Second Monitoring Agency Report, as per Schedule XI of the SEBI ICDR Regulations towards utilisation of proceeds of funds raised, for the quarter ended September 30, 2026. The funds raised by the Company were through Preferential Issue aggregating to Rs.114.62 Crore of the Company. In this connection, we are enclosing the Monitoring Agency Report for the quarter ended September 30, 2026, as per aforesaid SEBI Regulations Request you to kindly take the same on records. Thanking you, Yours Faithfully, Mr Niraj Kumar Rathi Senior Director, Ratings - Brickwork Ratings Report of the Monitoring Agency (MA) Name of the issuer: Pakka Limited For quarter ended: September 30, 2026 Name of the Monitoring Agency: Brickwork Ratings India Private Limited (a) Deviation from the objects: No (b) Range of Deviation: None Declaration: We declare that this report is based on the format prescribed by the SEBI (ICDR) Regulations, 2018, we further declare that this report provides a true and fair 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. 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 the issue proceeds by the issuer. 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 a 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 of the Authorized Signatory: Mr Niraj Kumar Rathi Designation of Authorized Person/Signing Authority: Senior Director, Ratings - Brickwork Ratings 1) Issuer Details: Name of the issuer: Pakka Limited Names of the promoter: Mr. Ved Krishna Mrs. Manjula Jhunjhunwala Krishnakumar Jhunjhunwala Mrs. Kimberly Ann McArthur Satori Global Limited Yash Agro Products Limited Industry / sector to which it belongs: Packaging Industry 2) Issue Details: Issue period: May 25, 2026 to June 8, 2026 Type of issue (public/ rights): Preferential Issue Type of specified securities: Equity Shares and Convertible Warrants IPO Grading, if any: Not Applicable Issue size (in ₹ Crore): 114.62 Total Total Number Value as per Total Number Amount Particulars of Price (₹) Offer Document of Securities Received Securities (₹ Crore) Subscribed (₹ Crore) Offered Equity Shares 2720000 110 29.92 2720000 29.92 Convertible Warrants 9090000 110 99.99 7700000 21.17 Total 11810000 129.91 15198000 51.09 Note A: 1. As of September 30, 2026, the Company has received Rs 51.09 crore against the total issue proceeds of Rs 114.62 crore. 2. The equity shares offered under the preferential issue were fully subscribed 3. The convertible warrants offered under the preferential issue were undersubscribed. Out of 90,90,000 warrants offered, 77,00,000 warrants were subscribed, resulting in the company receiving Rs 84.70 crore against the proposed amount of Rs 99.99 crore. 4. As of September 30, 2026, the Company received Rs. 21.17 crores out of the total warrant issue size of Rs. 84.70 crores, representing 25% of the total warrant issue proceeds. 5. Each warrant is convertible into, or exchangeable for, one (1) equity share and the conversion can be exercised at any time within a period of 18 months from date of allotment of warrants, in one or more tranches, as the case maybe, and on such other terms and con [Showing first 8,000 characters — download PDF for full document]