Monitoring agency report for quarter ended 30-09-2026 is hereby submitted

Date: November 6, 2026 BSE Limited P. ]. Tower, Dalal Street, Fort, Mumbai - 400 001 Dear Sir/Ma'am, Sub: Monitoring Agency Report under Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Ref: Shish Industries Limited (Security Code: 540693 Security ID: SHISHIND) In terms of Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Regulation 162A of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, please find attached Monitoring Agency Report for quarter ended September 30, 2026 issued by Brickwork Ratings India Private Limited in relation to preferential issue of equity shares and Convertible equity warrants allotted on February 26, 2026. Further, the Company confirms that the Funds have been utilized for the purposes it was raised. Thanking you Yours faithfully, For, Shish Industries Limited Satishkumar Dayabhai Maniya Chairman and Managing Director DIN: 02529191 Enclosed: A/a. SHISH INDUSTRIES LTD Reg. Off.: 1502, 15th Floor, Junomoneta Tower, Pal RTO BRTS Road, Near Rajhans Cinema, Adajan, Surat, Gujarat, India, 395009, We mafie bettex... Factory : TecZonhe, Unnito No. 1&2 , Block No.391/1,01 A Type Plot Manufacturer of P.P. Hollow Shoot& Air bubblo film Village : Mahuvej, Dist. Surat, Gujar- 3a9t41 25 Contact : Tel +91 98251 90407 E-mail : info@shishindustries.corr CIN : L25209GJ2017PLC097273 Web : www.shishind.com Brickwork Ratings India Private Limited BRICK“’/ORKW 3rd Floor, Raj Alkaa Park, Kalena Agrahara RATINGS Bannerghatta Road, Bengaluru - 560 076 P: +91 80 4040 9940/9999 Monitoring Agency Report for Shish Industries Limited for the quarter ended September 30, 2026 om | CIN: U67190KA2007PTC043591 - Brickwork Ratings India Private Limited BRICK“’/ORK 3rd Floor, Raj Alkaa Park, Kalena Agrahara RATINGS Bannerghatta Road, Bengaluru - 560 076 P: +91 80 4040 9940/9999 No. BWR/2026-27/IPM/SIL/03 November 06, 2026 Mr. Satishkumar Maniya Chairman and Managing Director Shish Industries Limited. 1502, 15th Floor, Junomoneta Tower, Pal RTO BRTS Road, Near Rajhans Cinema, Adajan Gam, Surat, Gujarat, 395009 Dear Sir, Third Monitoring Agency Report for the quarter ended September 30, 2026 - in relation to the Preferential Issue of Equity Shares and Convertible equity warrants of Shish Industries Limited. “The company” Pursuant to Regulation (162A) of the SEBI Issue of Capital and Disclosure Requirements Regulations, 2018 (SEBI ICDR Regulations) amended as on March 8, 2025, and Monitoring Agency Engagement Letter dated December 23, 2025, Brickwork Ratings (BWR) has prepared the Third Monitoring Agency Report, as per Schedule XI of the SEBI ICDR Regulations towards utilisation of proceeds, for the quarter ended September 30, 2026. The funds raised by the Company were through Preferential Issue of Equity Shares and Fully Convertible Equity Warrants with total size of Rs 145.37 crore, out of which Rs 48 crore related to Equity Shares and Rs 24.34 crore related to Convertible Warrants (being 25% of total warrant consideration) was received through allotment. In this connection, we are enclosing the Monitoring Agency Report for the quarter ended September 30, 2026, as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated December 30, 2025. Request you to kindly take the same on records. Thanking you, Yours Faithfully, NIRAJ KUMAR nion pomnea RATHI Date: 2026.11.06 15:43:38 +05'30' Mr Niraj Kumar Rathi Senior Director, Ratings - Brickwork Ratings brickworkrating om www.Brickwor tings.com | CIN: U67190KA2007PTC043591 Brickwork Ratings India Private Limited BRICK“’/ORKW 3rd Floor, Raj Alkaa Park, Kalena Agrahara RATINGS Bannerghatta Road, Bengaluru - 560 076 P: +91 80 4040 994079999 Report of the Monitoring Agency (MA) Name of the issuer: Shish Industries Limited For quarter ended: September 30, 2026 Name of the Monitoring Agency: Brickworks Ratings India Private Limited (a) Deviation from the objects: No (b) Range of Deviation: Not Applicable Declaratio We declare that this report is based on the format prescribed by the SEBI (ICDR) Regulations, 2018, we further declare that this report provides a true and fair 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. 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 the issue proceeds by the issuer. 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 a 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 monitorianngd 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, captouur rcoimmenntgs, 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/ A udit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through NIs sRt uo cAc hk Je ox mc h mKa en ng tUe ss. fT h te es e ss se uc t ri( ’o n Ms h na av ge mnS eot tb /e Be on ar re d5v .i ewed by the MA, and the MA takes no responsibility for Date: 2026.11.06 RATHI 15:43:55 +05'30" Signature: Name of the Authorized Signatory: Mr Niraj Kumar Rathi Designation of Authorized Person/Signing Authority: Senior Director, Ratings - Brickwork Ratings com www.BrickworkRatings.c CIN: U67190KA2007PTC043591 Brickwork Ratings India Private Limited BRICK“’/ORKW 3rd Floor, Raj Alkaa Park, Kalena Agrahara RATINGS Bannerghatta Road, Bengaluru - 560 076 P: +91 80 4040 9940/9999 1) Issuer Details: Name of the issuer: Shish Industries Limited Names of the promoter: Rameshbhai Virjibhai Kakadiya, Satishkumar Dayabhai Maniya. Industry / sector to which it belongs: Manufacturing of Plastic Products 2) Issue Details: Issue period: February 11, 2026, to Februar26y, 2026 Type of issue (public/ rights): Preferential issue of Equity Shares and Warrants Type of specified securities: Equity Shares and Convertible Warrants IPO Grading, if any: Not Applicable Issue size (in X Crore): 148.87 eTotal Value as per Amount Particulars Price (X) Offer Document Received of (X Crore) (X Crore) Securities Preferential Issue of Equity Shares 40000040 12.00 48.00 48.00 Preferential Issue of Convertible Warrants | 84059230* 12.00 100.87* 24.34 Total 124059270 148.87* 72.34 Notes * Due to non-allotment of preferential issue of convertible warrants of 2916680 securities, the proposed amount towards issue has been reduced by Rs. 3.5 crore. So, the total funds raised through preferential issue of [Showing first 8,000 characters — download PDF for full document]