Monitoring Agency Report

Date: November 03, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Department of Corporate Services/ Listing Block, Bandra-Kurla Complex, Bandra (East), Phiroze Jeejeebhoy Jeejeebhoy Towers Mumbai – 400051 Dalal Street, Fort, Mumbai – 400001 SYMBOL: XTRANET SCRIP CODE: 544838 Subject: Monitoring Agency Report issued by Crisil Ratings Limited for the utilization of funds raised through Initial Public Offer for quarter ended September 30, 2026 Dear Sir/Ma’am, Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Regulation 41(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we have enclosed herewith the Monitoring Agency Report issued by the Crisil Ratings Limited, Monitoring Agency, appointed by the Company for monitoring the utilization of funds raised through Initial Public Offer (IPO) for the quarter ended on September 30, 2026. Kindly take the same on your records. Thanking You, Yours Sincerely, For Xtranet Technologies Limited Kavita Malik Company Secretary and Compliance Officer Membership No.: ACS24700 Encl.: A/a XtraNet Technologies Limited (Previously known as XtraNet Technologies Private Limited) (An ISO-9001:2015, ISO/IEC 27001:2013, ISO/IEC 20000-1:2011 & CMMi Level-5 Certified Company) HO: - Z-24, Zone-I, M.P. Nagar, Bhopal – 462 011 (M.P.) INDIA Tel.: +91-755- 4223295, +91-755- 4229295, 209295 CIN: L72200MP2002PLC014956, Web: www.xtranetindia.com, Email: info@xtranetindia.com Monitoring Agency Report Xtranet Technologies Limited for the quarter ended September 30, 2026 CRL/MAR/XTTEPL /2026-27/2042 November 03, 2026 Xtranet Technologies Limited Z-24, Zone-l, M.P. Nagar, Bhopal - 462011 Dear Sir, Monitoring Agency Report for the quarter ended September 30, 2026 - in relation to the Initial Public Offer (“IPO”) proceeds of Xtranet Technologies 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 July 10, 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: Xtranet Technologies 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: Xtranet Technologies Limited Names of the promoter: a. Mr. Sukhbir Singh Kukreja b. Mr. Jogendrapal Singh Alagh c. Mr. Shiney Sukhbir Industry/sector to which it belongs: IT Enabled Services 2) Issue Details Issue Period: Thursday, July 23, 2026, to Monday, July 27, 2026 Type of issue (public/rights): Initial Public Offer (IPO) Type of specified securities: Equity Shares IPO Grading, if any: NA Issue size: Fresh issuance of Rs 16,680.18 lakh (Refer Note 1) Note 1: Particulars Amount (Rs in lakh) Gross proceeds from the Fresh Issue 16,680.18* Less: Issue Expenses 1,751.07 Net Proceeds 14,929.11 *Crisil Ratings shall be monitoring the gross proceeds. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information/ certifications considered by Comments of the Comments of the Particulars Reply Monitoring Monitoring Agency Board of Directors Agency for preparation of report Statutory Auditor’s Certificate^, Proceeds are Proceeds are utilized Management utilized towards towards repayment undertaking, repayment of loans, of loans, working Whether all utilization is as per the Prospectus dated working capital Yes capital requirements, disclosures in the Offer Document? July 28, 2026 requirements, general corporate (hereinafter general corporate purpose and issue referred to as purpose and issue expenses “Offer expenses document”), Bank Statements Source of information/ certifications considered by Comments of the Comments of the Particulars Reply Monitoring Monitoring Agency Board of Directors Agency for 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 No No Comments No Comments has changed? Is there any major deviation observed over the earlier NA No Comments No Comments monitoring agency reports? Whether all Government/statutory Statutory approvals related to the object(s) NA Auditor’s No Comments No Comments have been obtained? Certificate^, Whether all arrangements Management pertaining to technical Undertaking 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 ^ On the basis of the certificate dated October 21, 2026, issued by M/s Nagendra Pawaiya and Company, Chartered Accountants (Firm Registration Number: 09541C), Statutory Auditors of the Company 3) Details of object(s) to be monitored: i. Cost of the object(s): Source of Original Comments of the Board of information/ cost Directors Revised Comment certification (as per the Particulars Sr. Cost of the [Showing first 8,000 characters — download PDF for full document]