Monitoring Agency Report

FASHION & RETAIL November 5, 2026 BSE Limited National Stock Exchange of India Limited Scrip code: 535755 Symbol: ABFRL Sub.: Monitoring Agency Report for the quarter ended September 30, 2026 Ref.: 1. Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 2. Regulation 82(2) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 Dear Sir/ Madam, With reference to the captioned subject, enclosed herewith the Monitoring Agency Report for the quarter ended September 30, 2026 (“said Report”). The said report have been issued by Axis Bank Limited for monitoring the utilization of proceeds from the Rights Issue of the Company. There is no variation / deviation in the utilisation of funds. The above is being made available on the website of the Company i.e., www.abfrl.com. Thanking you, Sincerely, For Aditya Birla Fashion and Retail Limited Rajeev Agrawal Company Secretary & Compliance Officer ACS 18877 Encl.: As above ADITYA BIRLA FASHION AND RETAIL LIMITED Registered Office: Piramal Agastya Corporate Park, Building ‘A’, CIN: L18101MH2007PLC233901 Website: www.abfrl.com 4th and 5th Floor, Unit No. 401, 403, 501, 502, Tel.: +91 86529 05000 E-mail: secretarial@abfrl.adityabirla.com L.B.S. Road, Kurla, Mumbai - 400 070 Fax: +91 86529 05400 AXB/CO/IFB-TS/2026-27 / Nov 05, 2026 Aditya Birla Fashion and Retail Limited Piramal Agastya Corporate Park, Building "A" 4th & 5th Floor, Unit No. 401, 403, 501, 502 L.B.S. Road, Kurla, Mumbai -400070 Dear Sir, Sub: Aditya Birla Fashion and Retail Limited (the Company) - Monitoring Agency Report We write in our capacity of Monitoring Agent to the Company and refer to our duties cast under Regulation 41 (2) of the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations, 2018. In terms of above, please find attached the Monitoring Report for the quarter ended on September 30, 2026, as per Schedule XI of the aforesaid SEBI Regulations. Request you to kindly take the same on records. Thanking you. Yours Faithfully, For and on behalf of Axis Bank Ltd PAWAN Digitally signed by PAWAN RAJ KU MA RAJKUMAR VAISHYA R VAISHYA Date:2026.11.05 18:02:59 +05'30' Authorized Signatory R ["1ITT!'d Offlw; Ax,~ Hoca, 1:1:0mb:l.y ~ M II!. Coml)Omd, PJRdhg ill Bud!IUr l'YUrt1, Wotl, Mtniba1,. 400 0!25 ~at Olfi . Tl'4! ~uby, 2nd ~loor, SW, 29' S •. t, El.ai>,al Mare, D.idir WMt, Murnb.11-400 028 kx-1s TRUSTEE (-1 No..: 022-62300'451 F .: 022-62'30 0700 Websat www ~l ld!mtily Nym~ U74999Ml-l P C182264 IM M R iit ~ !JAN: MH190046(129' Name of the Issuer: Aditya Birla Fashion and Retail Limited For quarter ended: 30 September 2026 Name of the Monitoring Agency: Axis Bank Limited (a) Deviation from the objects: No Deviation - Utilization different from Objects stated in the offer document but in line with change of objects approved by shareholders' resolution; or - Utilization neither in line with Objects stated in the offer document nor approved by shareholders' resolution - In case of no deviation, the fact would be stated. (b) Range of Deviation*: Not Applicable Indicate range of percentage deviation from the amount of issue proceeds earmarked for objects. For example, up to 10%, 10 -25%, 25-50%, 50-75%, 75-100%, not ascertainable etc. * Range of Deviation may be computed by taking weighted average of financial deviation of each object in the ratio of issue proceeds allocated for it. Non-financial deviation may be indicated separately by way of notes. Declaration: We hereby declare that this report is based on the format as prescribed by Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended. We further declare that this report provides true and fair view of the utilization of issue proceeds. We declare that we do not have any direct / indirect interest in or relationship with the issuer/promoters/directors/management and also confirm that we do not perceive any conflict of interest in such relationship / interest while monitoring and reporting the utilization of issue proceeds by the issuer. We also declare that the certificate is provided on the basis of management representation and certification provided by the Independent Chartered Accountant For and on behalf of Axis Bank Digitally signed PAWAN byPAWAN RAJKUMA RAJKUMAR VAISHYA RVAISHYADate:2026.11.05 18:03:24 +05'30' Authorised Signatory R ["1ITT!'d Offlw; Ax,~ Hoca, 1:1:0mb:l.y ~ M II!. Coml)Omd, PJRdhg ill Bud!IUr l'YUrt1, Wotl, Mtniba1,. 400 0!25 Yl'PQJ'ill Olfi . Tl'4! ~uby, 2nd ~loor, SW, 29' S •. t, El.ai>,al Mare, D.idir WMt, Murnb.11-400 028 kx-1s TRUSTEE (-1 No..: 022-62300'451 F .: 022-62'30 0700 Websat www ~l ld!mtily Nym~ U74999Ml-l P C182264 IM M R iit ~ !JAN: MH190046(129' 1) Issuer Details: Name of the issuer: Aditya Birla Fashion and Retail Limited The names of the promoters of the issuer: Birla Group Holdings Private Limited Industry/sector to which it belongs: Manufacturing and Retail 2) Issue Details: Issue Period: 8th July 2020 to 22nd July 2020 Type of issue; Rights Issue of equity shares Type of specified securities: Equity Shares Issue size: Rs. 995.12 Crores 3) Details of the arrangement made to ensure the monitoring of issue proceeds: (Give item by item description for all the objects, as well as for the sub-heads(if any)) given under objects, stated in the offer document separately in following format) Particulars Reply Source of Comments of Comments information Monitoring of Board of / certifications Agency Directors considered by Monitoring Agency for preparation of report" Whether all the utilization is as per disclosure Yes/No Certificate Yes, to be Yes in Offer Document? provided by read with the chartered Note - I of Accountant certificate provided by the chartered Accountant. Whether Shareholder approval is obtained Yes/No - Not Not in case of material deviations# from Applicable Applicable expenditures disclosed in Offer Document? Whether means of finance for disclosed Yes/No Certificate No No objects of the Issue has changed? provided by the chartered Accountant Any major deviation observed over the Yes/No - Not Not earlier monitoring agency reports? Applicable Applicable Whether all Government I Statutory Yes/No - Not Not approvals related to the object(s) Applicable Applicable obtained? Whether all arrangements pertaining to Yes/No - Not Not technical assistance/collaboration in Applicable Applicable operation? Any favorable events improving object(s) Yes/No - Not Not viability Applicable Applicable Any unfavorable events affecting object(s) Yes/No - Not Not viability Applicable Applicable Any other relevant information that may Yes/No Not Not materially affect the decision making of the Applicable Applicable investors R ["1ITT!'d Offlw; Ax,~ Hoca, 1:1:0mb:l.y ~ M II!. Coml)Omd, PJRdhg ill Bud!IUr l'YUrt1, Wotl, Mtniba1,. 400 0!25 Yl'PQJ'i'll Olfi . Tl'4! ~uby, 2nd ~loor, SW, 29' S •. t, El.ai>,al Mare, D.idir WMt, Murnb.11-400 028 kx-1s TRUSTEE (-1 No..: 022-62300'451 F .: 022-62'30 0700 Websat www ~l ld!mtily Nym~ U74999Ml-l P C182264 IM M R iit ~ !JAN: MH190046(129' # 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 fund actually utilized by more than 10% of the amount projected in the offer documents. 4) Details of object(s)s to be monitored: (i) Cost of object(s): Not Applicable (Give item by item description for all the objects, as well as for the sub-heads (if any)) given under objects, stated in the offer document separately in followinQ format) (Rs. In Crores) SI. Item Head Original Revised Source of Comments Comments of Board of Directors No Cost (as Cost information of per Offer I Monitoring Document) certifications Agency considered Monitoring Agency for preparation report Reason Proposed Particulars of of [Showing first 8,000 characters — download PDF for full document]