Please find the attachment of Monitoring Agency Report of the company for the quarter ended September 30, 2026.

Date: November 06, 2026 Listing Compliance Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400001 Scrip Code: 544504 Sub.: Report of the Monitoring Agency with respect to utilization of proceeds of the Initial Public Offering (IPO), for the 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 are enclosing herewith the Monitoring Agency Report dated November 06, 2026, issued by Crisil Ratings Limited, for the quarter ended September 30, 2026, in respect of utilization of proceeds of the Initial Public Offering (IPO) of the Company. This is for your information and records. Thanking You. Yours faithfully, For Goel Construction Company Limited Purushottam Dass Goel DIN: 01134075 Managing Director Encl.: As above Monitoring Agency Report Goel Construction Company Limited for the quarter ended September 30, 2026 CRL/MAR/ GOCCPL/2026-27/2097 November 06, 2026 Goel Construction Company Limited 8, Vashisth Marg, Gom Defence, Vaishali Nagar, Jaipur, Rajasthan, 302021 Dear Sir, Final Monitoring Agency Report for the quarter ended September 30, 2026 - in relation Initial Public Offer (“IPO”) of Goel Construction Company Limited (“the Company”) Pursuant to Regulation 262 (2) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Agreement dated July 25, 2025, enclosed herewith the Final 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) Final Report of the Monitoring Agency (MA) Name of the issuer: Goel Construction Company 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: Goel Construction Company Limited Names of the promoter: Mr. Purushottam Dass Goel Mr. Arun Kumar Goel Mr. Naresh Kumar Goel Mrs. Nirmala Goel Mr. Anuj Goel Mr. Amit Goel Mr. Ashwani Goel Mr. Chinmay Goel Mr. Ratan Kumar Goel Mr. Mohak Goel Mrs. Suman Goel Mrs. Soni Goel Mrs. Isha Goel Industry/sector to which it belongs: Civil Construction 2) Issue Details Issue Period: Tuesday, September 02, 2025, to Thursday, September 04, 2025 Type of issue (public/rights): Initial Public Offer (IPO) Type of specified securities: Equity Shares IPO Grading, if any: NA Issue size: Rs 8,107.53 lakh# (Net of Offer for sale) Amount in Revised Amount(Rs. S. Offer in Lakhs) No. Particulars Document (Refer note 1 below) (Rs. in Lakhs) 1 Gross Proceeds from Fresh Issue 8,104.61 8,107.53 Less: Offer related expenses in relation to Fresh Issue 2 651.86 651.86 (inclusive of GST) Net Proceeds 7,452.75 7,455.67 #Crisil Ratings shall be monitoring the gross proceeds. Net Proceeds have been revised from Rs 7,452.75 lakh to Rs 7,455.67 lakh. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information/ Comments certifications Comments of the Monitoring of the Particulars Reply considered by Agency Board of Monitoring Agency for Directors preparation of report Statutory Auditor certificate^, Management The Proceeds were utilized Whether all utilization is as per the undertaking, towards capital expenditure and Yes Yes disclosures in the Offer Document? Prospectus (“Offer Issue expense, as per the details Document”) dated mentioned in the offer document September 05, 2025, Bank Statements Whether shareholder approval has been obtained in case of material NA No comments NA deviations from expenditures disclosed in the Offer Document? Whether the means of finance for the disclosed objects of the issue has No No comments comments changed? Is there any major deviation observed over the earlier No No comments comments monitoring agency reports? Whether all Government/ statutory Statutory Auditor approvals related to the object(s) NA No comments NA certificate^, have been obtained? Management Whether all arrangements undertaking pertaining to technical NA No comments NA assistance/collaboration are in operation? Are there any favorable events improving the viability of these NA No comments NA object(s)? Are there any unfavorable events affecting the viability of the No No comments comments object(s)? Is there any other relevant information that may materially No No No comments affect the decision making of the comments investors? NA represents Not Applicable ^Certificate dated October 14, 2026, issued by M/s Ravi Sharma & Co, Chartered Accountants (Firm Registration Number: 015143C), Statutory Auditors of the Company. 4) Details of object(s) to be monitored: i. Cost of the object(s): Source of Comments of the Board of Directors Original information/ cost Revised Comment certification Sr. (as per the Cost of the Item considered by Proposed Particulars of No. Offer (Rs in Monitoring Reason of Head MA for financin firm Document) lakh) Agency Cost preparation of g arrangements (Rs in lakh) revision report option made Capital expenditure towards 1 purchase of 4,174.38 NA No revision NA NA NA additional equipments and fleets Repayment / prepayment of certain Statutory 2 outstanding 2,305.25 NA No revision NA NA NA Auditor borrowings certificate^, availed by the Management Company Undertaking, Board Prospectus agrees with General the note (Refer 3 Corporate 973.12 976.04 provided NA NA note 1 b [Showing first 8,000 characters — download PDF for full document]