Monitoring Agency Report

November 06, 2026 The Lis(cid:415)ng Department The Lis(cid:415)ng Department BSE Limited Na(cid:415)onal Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street, Fort Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Code: 544917 Symbol: KARAMTARA Sub: Submission of Monitoring Agency Report for the quarter ended September 30, 2026, pursuant to Regula(cid:415)on 32(6) of SEBI (Lis(cid:415)ng Obliga(cid:415)ons and Disclosure Requirements) Regula(cid:415)ons, 2015 Dear Sir/Madam, Pursuant to Regula(cid:415)on 32(6) of the SEBI (Lis(cid:415)ng Obliga(cid:415)ons and Disclosure Requirements) Regula(cid:415)ons, 2015, please find enclosed the Monitoring Agency Report issued by India Ra(cid:415)ngs and Research Private Limited, in respect of the u(cid:415)lisa(cid:415)on of proceeds of the Ini(cid:415)al Public Offering of the Company for the quarter ended September 30, 2026. The aforesaid report has been reviewed by the Audit Commi(cid:425)ee and taken on record by the Board of Directors of the Company at their respec(cid:415)ve mee(cid:415)ngs held on November 05, 2026. This disclosure is also being made available on the website of the Company at www.karamtara.com Kindly take the same on record. Thanking you, For Karamtara Engineering Limited (Formerly known as Karamtara Engineering Pvt. Ltd.) Manoj Kumar Srivastava Vice President-Legal Company Secretary & Compliance Officer FCS-7460 Karamtara Engineering Ltd. (Formerly known as Karamtara Engineering Pvt. Ltd.) Registered & Corporate Office: 902, 9th Floor, Ascent, Sudam Kalu Ahire Marg, Worli, Mumbai – 400030, India Tel: +91-22- 40710000 Email - info@karamtara.com CIN - L45207MH1996PLC099333 www.karamtara.com Date: 05th November 2026. Karamtara Engineering Limited 902, 9th Floor, Ascent, Sudam Kalu Ahire Marg, Worli, Mumbai – 400030, India. Subject: Monitoring Agency Report for the quarter ended 30th September 2026 in relation to Initial Public Offer (IPO). Dear Sir, Pursuant to Regulation 41 (2) of SEBI (lssue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Agreement dated 03rd September 2026, please find enclosed herewith the Monitoring Agency Report, 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 India Ratings & Research Private Limited Name: Shrikant Dev Designation: Company Secretary India Ratings & Research Private Limited A Fitch Group Company Wockhardt Towers, Level 4, West Wing, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 Tel: +91 22 4000 1700 Fax: +91 22 4000 1701 CIN/LLPIN: U67100MH1995FTC140049 www.indiaratings.co.in Report of the Monitoring Agency (MA) Name of the issuer: Karamtara Engineering Limited For quarter ended: 30th September 2026 Name of the Monitoring Agency: India Ratings & Research Private Limited (a) Deviation from the objects: No deviation from the objects. Based on the Management Undertaking and as per the Statutory Auditor Certificate dated 04th November 2026 issued by Chokshi & Chokshi LLP, Chartered Accountants (FRN –101872W/W100045) having UDIN 26159960VSYXMW4914* and other documents provided to us, no deviation from the objects has been observed. *The reference to the Statutory Auditor Certificate anywhere in the MA report refers to the said Certificate. (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 there is no conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity. 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: Shrikant Dev (Company Secretary) Date: 05th November 2026. Page 1 of 7 1) Issuer Details: Name of the issuer: Karamtara Engineering Limited (“the Company”) Names of the promoters: • Tanveer Singh • Rajiv Singh Industry/sector to which it belongs: Renewable Energy and Power Transmission segment 2) Issue Details: Issue Period: 09th September 2026 to 11th September 2026. (Anchor issue date: 08th September 2026) Type of issue (public/rights): Initial Public Offer (IPO) Type of specified securities: 2,65,74,803 Equity Shares (Fresh Issue) of FV ₹ 10 each @ INR 254 per equity shares. IPO Grading, if any: Not Applicable Issue size: INR 6,750.00 Mn* *It is the Fresh Issue size. The issue consisted of offer for sale of INR 2,000 Mn and fresh issue of INR 6,750 Mn aggregating to total issue size of INR 8,750 Mn. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / Comments certifications considered by Comments of the of the Particulars Reply Monitoring Agency for Monitoring Agency Board of preparation of report Directors Management Undertaking, Whether all utilization is as per Statutory Auditor the disclosures in the Offer Yes Certificate, Prospectus, No Comments Comments Document? Relevant Bank Statements, Loan Account Statement. Whether shareholder approval has been obtained in case of Management Undertaking, material deviations from NA Statutory Auditor No Comments Comments expenditures disclosed in the Certificate. Offer Document? Whether the means of finance Management Undertaking, for the disclosed objects of the No Statutory Auditor No Comments Comments issue has changed? Certificate. Is there any major deviation observed over the earlier NA NA No Comments Comments monitoring agency reports? Management Undertaking, Whether all No NA Statutory Auditor No Comments Government/Statutory Comments Certificate. Page 2 of 7 Source of information / Comments certifications considered by Comments of the of the Particulars Reply Monitoring Agency for Monitoring Agency Board of preparation of report Directors approvals related to the object(s) have been obtained? Whether all arrangements Management Undertaking, pertaining to technical No NA Statutory Auditor No Comments assistance/collaboration are in Comments Certificate. operation? Are there any favorable events [Showing first 8,000 characters — download PDF for full document]