Monitoring Agency Report for the Quarter ended September 30, 2026

November 4, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 532749 S y m b o l : A L L C A R G O Dear Sir/Madam, Sub: Monitoring Agency Report for the quarter ended on September 30, 2026 Ref: Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the SEBI Listing Regulations) We are enclosing herewith the Monitoring Agency Report for the quarter ended September 30, 2026 issued by ICRA Limited, Monitoring Agency reporting the status of the proceeds raised through Qualified Institutions Placement. The aforesaid information is also being made available on the website of the Company at www.allcargologistics.com. Kindly take the same on your record. Thanking you, Yours faithfully, For Allcargo Logistics Limited Shekhar R Singh Company Secretary Membership No. – F12881 Encl.: As above ALLCARGO LOGISTICS LIMITED Allcargo House, 6th Floor, CST Road, Kalina, Santacruz (E), Mumbai - 400 098. Maharashtra. India. T: +91 22 6679 8110 | www.allcargologistics.com | CIN: L63010MH2004PLC073508 | GSTN: 27AACCA2894D1ZS e-mail id: investor.relations@allcargologistics.com September2026 MOONNITORING AGENCYREPORT Name of the Issuer:AllCargo Logistics Limited (Formerly known asAllCargo GatiLimited) For quarter ended: September30, 2026 Name of the Monitoring Agency (MA):ICRA Limited (a) Deviation from the objects of the issue: Utilization different from the objects stated in the offer document but in line with change of objects approved by the Board of Directors (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 intendedto 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 relatedanalyses. 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 of the Board of Directors subsequent tothe 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 Signature: Digitally signed Parul by Parul Goyal Narang Goyal Date: 2026.10.30 Narang19:18:17 +05'30' Parul Goyal Narang Vice President &Head-Process Excellence Analyst: Sweety Shaw QA: Dhwani Vinchhi Sensitivity Label : Confidential September2026 11.. IssuerDetails Name of the Issuer:AllCargo Logistics Limited (Formerly known as AllCargo Gati Limited) Name(s) of the promoters: Promoters Allcargo Logistics Limited Source: Placement Document Industry/ sector to which it belongs:Logistics 22.. Issue Details Issue Period:Opening date-June 24, 2024 Closing Date-June 27, 2024 Type of Issue:QIP Type of specified securities:Equity shares Issue Size (Rs. Crore))::169.2288Crore With OFS portion: Not Applicable;Excluding OFS portion:Not Applicable Net proceeds: INR 161.1122Crore(ExcludingIssue Related Expensesas per the prospectus) Sensitivity Label : Confidential September2026 33.. Details of the arrangement made to ensure the monitoring of issue proceeds. Source of information, Comments of certifications considered by Comments of the Particulars Reply the Monitoring Agency for Monitoring Agency Board of the preparation of report Directors INR 20.00crore originally allocated for the Object, Investment in Material Subsidiary for building new / -Prospectus upgradation -Confirmation from of Operating Units and INR Whether all utilization is as per management 27.80 crore allocated for the the disclosures in the Offer Yes -Bank statement of the No Comments Object Investment in Document? proceeds account Material Subsidiary for -Board resolution dated 5tthh funding the development February 2026 of our proprietary technology have been redirected to General Corporate Purposes *Approval fromBoard of Directorsfor the modification in the objectsof utilization of Whether shareholder approval -As confirmed by proceeds from the QIP has has been obtained in case of management been obtained in meeting material deviations from Yes* No Comments -Board resolution dated 5th held on Thursday, February expenditures disclosed in the February 2026 5, 2026 through Video Offer Document? Conferencing at the Registered Office of the Company Whether the means of finance for the disclosed objects of the NNoo No Comments No Comments management issue has changed? Is there any major deviation observed over the earlier NNoo No deviation observed. No comments No Comments monitoring agency reports? Whether all Government/ statutory approvals related to Not No comments No Comments the object(s) have been Applicable management obtained? Whether all arrangements pertaining to technical Not No comments No Comments assistance/ collaboration are in Applicable management operation? Are there any favorable events Not As understood from the improving the viability of these No Comments Applicable management object(s)? Sensitivity Label : Confidential September2026 Source of information, Comments of certifications considered by Comments of the Particulars Reply the Monitoring Agency for Monitoring Agency Board of the preparation of report Directors Are there any unfavorable As understood from the events affecting the viability of NNoo No Comments management the object(s)? Is there any other relevant information that may materially As understood from the NNoo No Comments affect the decision making of the management investors? Sensitivity Label : Confidential September2026 4. Details of the object(s) to be monitored (i)Cost of object(s) Source of information, of Directors certifications Original considered by cost (as per Revised Comments of the Reason Particulars S.N. Item Head the offer cost the Monitoring Proposed Monitoring for cost of firm document) [Rs. Crore] Agency financing Agency for revisio arrangeme [Rs. Crore] option the n nts made preparation of report Investment in Material -Prospectus Subsidiary for -Board repayment / pre- payment, resolution Not 1 100.00 No comments N.A. N.A. N.A. in full or in part, of dated 5th Applicable certain outstanding February borrowings availed by 2026 Material Subsidiary Investment in Material Subsidiary for building Same as 2 20.00 NIL No comments N.A. N.A. N.A. new / upgradation above of Operating Units Investment in Material Subsidiary for funding Same as 3 the development 27.80 NIL No comments N.A. N.A. N.A. above of our proprietary technology INR 20.00 crore originally allocated for the Object, Material Subsidiary for building new / upgradation of Operating General Corporate Same as 4 13.32 61.12 N.A. [Showing first 8,000 characters — download PDF for full document]