Monitoring Agency Report

November 04, 2026 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G Dalal Street, Fort, Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 BSE Scrip Code: 543954/890228 NSE Symbol: ATL/ ATLPP Subject:- Monitoring Agency Report for the quarter ended September 30, 2026 - in relation to the Rights Issue of 3,97,98,999 Partly Paid Equity Shares Dear Sir/Madam, Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Regulation 82 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, please find attached Monitoring Agency Report for the quarter ended September 30, 2026 issued by CRISIL Ratings Limited, Monitoring Agency appointed to monitor the utilisation of proceeds of the Rights Issue of 3,97,98,999 Partly Paid Equity Shares of the Company. The Monitoring Agency Report for the said quarter is also available on the website of the Company i.e. https://www.allcargoterminals.com/right-issue/ Kindly take the above on record. Thanking you, Yours faithfully, For Allcargo Terminals Limited Malav Talati Company Secretary & Compliance Officer Membership No: A59947 Place: Mumbai ALLCARGO TERMINALS LIMITED 4th Floor, A Wing, Allcargo House, CST Road, Kalina, Santacruz (E), Vidyanagari, Mumbai - 400 098, Maharashtra, India. T: +91 22 6679 8110 | www.allcargoterminals.com | CIN: L60300MH2019PLC320697 | E: investor.relations@allcargoterminals.com Monitoring Agency Report Allcargo Terminals Limited for the quarter ended September 30, 2026 CRL/MAR/ALERIM/2026-27/2119 November 4, 2026 Allcargo Terminals Limited 4th Floor, A Wing, Allcargo House, CST Road, Kalina, Santacruz East, Vidyanagari, Mumbai 400 098, India Dear Sir, Monitoring Agency Report for the quarter ended September 30, 2026 - in relation to the Rights Issue of Allcargo Terminals Limited (“the Company”) Pursuant to Regulation 82(2) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR Regulations”) and Monitoring Agency Agreement dated November 10, 2025, entered with the Company, we enclose the Monitoring Agency Report, issued by Crisil Ratings Limited, as per Schedule XI of the SEBI ICDR Regulations towards utilization of proceeds of Rights Issue 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 Name of the issuer: Allcargo Terminals Limited For quarter ended: September 30, 2026 Name of the Monitoring Agency: Crisil Ratings Limited (a) Deviation from the objects: No (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: Allcargo Terminals Limited Names of the promoter: a. Mr. Shashi Kiran Shetty b. Mr. Arathi Shetty c. Mr. Adarsh Sudhakar Hegde Industry/sector to which it belongs: Port & Port services 2) Issue Details Issue Period: Monday, November 24, 2025 to Tuesday, December 9, 2025 Type of issue (public/rights): Rights Issue Type of specified securities: Equity Shares IPO Grading, if any: NA Issue size: Gross Proceeds of Rs. 7,959.80 lakhs* (Refer Note 1) Note 1: - Pursuant to the afore-mentioned rights issue of partly paid-up equity shares, the Company has received the application money of Rs. 1,989.95 lakhs during the quarter ending December 31, 2025. As per the LOF, management undertaking & Certificate dated October 14, 2026, issued by M/s Appan & Lokhandwala Associates, Chartered Accountants (Firm Registration Number: 117040W), Peer Reviewed Independent Chartered Accountant, the remaining amount of Rs. 5,969.85 lakhs will be raised in additional calls, as may be decided by the Board of the company from time to time. *Crisil Ratings shall be monitoring the gross proceeds amount. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / certifications Comments of Comments of Particulars Reply considered by the Monitoring the Board of Monitoring Agency for Agency Directors preparation of report Management undertaking, The company Peer Reviewed has not utilised Whether all utilization is as per the Independent Chartered any proceeds as Yes No Comment disclosures in the Offer Document? Accountant Certificate ^ at quarter ended Letter of offer dated September 30, November 10, 2025 & 2026 Bank Statements Whether shareholder approval has been obtained in case of material Management NA No Comments No Comment deviations# from expenditures undertaking & disclosed in the Offer Document? Source of information / certifications Comments of Comments of Particulars Reply considered by the Monitoring the Board of Monitoring Agency for Agency Directors preparation of report Whether the means of finance for the Peer Reviewed disclosed objects of the issue has No Independent Chartered No Comments No Comment changed? Accountant C ertificate ^ Is there any major deviation# observed over the earlier monitoring No No Comments No Comment agency reports? Whether all Government/statutory approvals related to the object(s) NA No Comments No Comment have been obtained? Whether all arrangements pertaining to technical assistance/collaboration NA No Comments No Comment are in operation? Are there any favorable events improving the viability of these No No Comments No Comment object(s)? Are there any unfavorable events No No Comments No Comment affecting the viability of the object(s)? Is there any other relevant information that may materially No No Comments No Comment affect the decision making of the investors? # Where material deviation may be defined to mean: - (a) Deviation in the objects or purposes [Showing first 8,000 characters — download PDF for full document]