Monitoring Agency Report

November 3, 2026 To, To, National Stock Exchange of India Limited BSE Limited (“BSE”) (“NSE”) Listing Department Listing Department Exchange Plaza, C-1 Corporate Relationship Department Block G, Bandra Kurla Complex Bandra Phiroze Jeejeebhoy Towers, Dalal Street, [E], Mumbai – 400051 Fort, Mumbai - 400 001 NSE Scrip Symbol: DHOOTTRANS BSE Scrip Code: 544867 ISIN: INE01NH01023 ISIN: INE01NH01023 Sub: Monitoring Agency Report on the utilization of proceeds raised through issuance of equity shares by way of Public Issue of the Company. Ref: Regulation 32(6) of Securities and Exchange Board of India (“SEBI”) (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Regulation 41(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 Dear Sir/Madam, Please find enclosed the Monitoring Agency Report issued by CARE Ratings Limited (Monitoring Agency), on utilization of the proceeds raised through issuance of equity shares by way of Initial Public Offering (“IPO”) of the Company for the quarter ended September 30, 2026 (“Monitoring Agency Report”), duly reviewed and taken on record by the Audit Committee and Board of Directors of the Company at their meetings held on November 3, 2026. Please take the above information on record. For and on behalf of Dhoot Transmission Limited Amey Jogas Company Secretary and Compliance Officer Membership No.: A39922 No. CARE/HO/GEN/2026-27/1204 The Board of Directors Dhoot Transmission Limited Gut No. 312, Nanekarwadi, Chakan, Tq. Khed, Dist. Pune – 410 501, November 02, 2026 Dear Sir/Ma’am, Monitoring Agency Report for the quarter ended 30/09/2026 - in relation to the IPO of Dhoot Transmissions Limited (“the Company”) We write in our capacity of Monitoring Agency for the Initial Public Offering (IPO, Fresh Issue) for the amount aggregating to Rs. 1400 crore of the Company and refer to our duties cast under 41 of the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations. In this connection, we are enclosing the Monitoring Agency Report for the quarter ended 30/09/2026 as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated August 01, 2026. Request you to kindly take the same on records. Thanking you, Yours faithfully, Arti Roy Associate Director arti.roy@careedge.in Report of the Monitoring Agency Name of the issuer: Dhoot Transmission Limited For quarter ended: 30/09/2026 Name of the Monitoring Agency: CARE Ratings Limited (a) Deviation from the objects: Nil (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 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: Arti Roy Designation of Authorized person/Signing Authority: Associate Director 1) Issuer Details: Name of the issuer : Dhoot Transmission Limited Name of the promoter : Rahul Radhavallabh Dhoot, BC Asia Investments XV Limited and Promoter Group Industry/sector to which it belongs : Automobile and Auto components 2) Issue Details Issue Period : 10/08/2026 to 12/08/2026 Type of issue (public/rights) : Initial Public Offering (IPO, Fresh Issue) Type of specified securities : Equity Shares IPO Grading, if any : No credit rating agency registered with the SEBI has been appointed in respect of obtaining grading for the IPO. Issue size (in crore) : Rs.3,066.89 crore (Out of which 1400 crore is fresh issue and 1666.98 crore) 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / Comments of certifications considered by Comments of the the Particulars Reply Monitoring Agency for preparation Monitoring Agency Board of of report Directors Yes CA Certificate*, Bank Statements, & The proceeds from the IPO have been Whether all utilization is as per the disclosures in the Management certificate utilized appropriately for the objects Offer Document? mentioned in the offer document in Q2FY27. Whether shareholder approval has been obtained in There are no deviations from the CA certificate Not applicable since there is no case of material deviations# from expenditures expenditure disclosed in the deviation disclosed in the Offer Document? Offer Document Whether the means of finance for the disclosed There is no change in the means Not applicable Not applicable objects of the issue have changed? of finance for disclosed objects Is there any major deviation observed over the earlier Not applicable Not applicable given that this is the first Not applicable monitoring agency reports? MA report Whether all Government/statutory approvals related Not applicable Management certificate, RHP Not applicable to the object(s) have been obtained? Whether all arrangements pertaining to technical Not applicable Management certificate, RHP Not applicable assistance/collaboration are in operation? Are there any favorable/unfavorable events affecting There are no events affecting Management certificate None the viability of these object(s)? the viability of these objects Source of information / Comments of certifications considered by Comments of the the Particulars Reply Monitoring Agency for preparation Monitoring Agency Board of of report Directors There is no relevant information Mgmt certificate and CA certificate Not applicable Is there any other relevant information that may that may affect the decision materially affect the decision making of the investors? making of investor * The above details are verified by KIRTANE & PANDIT LLP (statutory auditor) vide CA certificate dated October 28, 2026 #Where material deviation may be defined to mean: a) Deviation in the objects or purposes for which the funds have been raised b) Deviation in the amount of funds actually utilized by more than 10% of the amount projected in the offer documents. 4) Details of objects to be monitored: (i) Cost of objects – Comments of the Board of Directors Source of information / Original cost Comments Particulars of Sr. Item certificati [Showing first 8,000 characters — download PDF for full document]