Monitoring Agency Report

ADVIT JEWELS LIMITED (Formerly Known as Advit Jewels Private Limited) Corporate Office: Flat No. 201 and Basement, Pearl Premier, Plot No. 4, Jamna Lal Bajaj Marg, C-Scheme, Jaipur – 302001, Rajasthan, India Ref: AJL/CS/2026-27/40 Date: November 03, 2026 To, To, BSE Limited National Stock Exchange Limited Department of Corporate Services Exchange Plaza, 5th Floor, Pheroze Jeejeebhoy Towers, Dalal Street, Plot No. C/1, G Block, Mumbai –400001 Bandra-Kurla Complex, Mumbai – 400051 Scrip Code: 544803 Trading Symbol: RAMBHAJO Sub: Monitoring Agency Report on the utilization of proceeds raised through issuance of equity shares by way of Public Issue of the Company for the quarter ended September 30, 2026 Dear Sir / Ma’am, Pursuant to the provisions of Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”) read with Regulation 41 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, please find enclosed herewith the Monitoring Agency Report issued by CRISIL Ratings Limited in respect of utilization of the proceeds raised through issuance of equity shares by way of Public Issue of the Company for the quarter ended September 30, 2026. We request you to kindly acknowledge and take the above on record. Thanking You, For Advit Jewels Limited Pratibha Soni Company Secretary and Compliance Officer M. No.: A71116 CIN: U36910RJ2019PLC066804 Registered Office: Flat No. 301, Pearl Premier, Plot No. 4, Jamna Lal Bajaj Marg, C-Scheme, Jaipur – 302001, Rajasthan, India Contact No.: 0141-4027333/4028333; Email Id: cs@advitjewels.com Website: www.rambhajo.com; GST No.: 08AASCA8740N1ZU Monitoring Agency Report Advit Jewels Limited for the quarter ended September 30, 2026 CRL/MAR/ADJELI/2026-27/2012 November 02, 2026 Advit Jewels Limited Flat No. 301, Pearl Premier, Plot No. 4, Jamna Lal Bajaj Marg, C-Scheme, Jaipur – 302001, Rajasthan, India Dear Sir, Monitoring Agency Report for the quarter ended September 30, 2026 - in relation to the Initial Public Offer (“IPO”) of Advit Jewels 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 May 04, 2026, 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: Advit Jewels 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: Advit Jewels Limited Names of the promoter: Mr. Nitin Gilara Mr. Prateek Gilara Mr. Vipul Gilara Mr. Krishna Vardhan Gilara Industry/sector to which it belongs: Jewellery 2) Issue Details 2.1 For proceeds raised from Initial Public Offer: Issue Period: June 23, 2026, to June 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. 16,515.84 lakhs* *Note: Particulars Amount (Rs. in lakhs) Gross proceeds of the Fresh Issue 16,515.84 Less: Issue Expenses 2,095.03 Net Proceeds 14,420.81 Crisil Ratings shall be monitoring the gross proceeds. 2.2 For Pre-IPO proceeds: Allotment date: May 13, 2026 Type of issue (public/rights): Private Placement Type of specified securities: Equity Shares IPO Grading, if any: NA Issue size: Rs. 2,290.00 lakhs 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information/ Comments of certifications considered Comments of the Particulars Reply the Board of by Monitoring Agency for Monitoring Agency Directors preparation of report Statutory Auditor IPO & Pre-IPO Certificate^, Management Proceeds were undertaking, Prospectus utilized towards Whether all utilization is as per the dated working capital, Yes No comments disclosures in the Offer Document? June 27, 2026 (hereinafter repayment of referred as “Offer borrowings, general document”), Bank corporate purposes Statem ents and issue expenses Source of information/ Comments of certifications considered Comments of the Particulars Reply the Board of by Monitoring Agency for Monitoring Agency Directors preparation of report Whether shareholder approval has been obtained in case of material NA No comments No comments deviations from expenditures disclosed in the Offer Document? Whether the means of finance for the disclosed objects of the issue has No No comments No comments changed? Is there any major deviation observed over the earlier NA No comments No comments monitoring agency reports? Whether all Government/statutory approvals related to the object(s) NA No comments No comments have been obtained? Statutory Auditor Certificate^, Management undertaking Whether all arrangements pertaining to technical NA No comments No comments assistance/collaboration are in operation? Are there any favorable events improving the viability of these No No comments No comments object(s)? Are there any unfavorable events affecting the viability of the No No comments No comments object(s)? Is there any other relevant information that may materially No No comments No comments affect the decision making of the investors? NA represents Not Applicable ^Certificate dated October 27, 2026, issued by M/s Keyur Shah & Associates, Chartered Accountant Certificate (Firm Registration Numbe [Showing first 8,000 characters — download PDF for full document]