Monitoring Agency Report

Date: 09/11/2026 The Manager The Manager Listing Compliance Department Listing Compliance Department The National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot C/1 Block, P. J. Towers, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai 400001. Mumbai 400051. NSE Symbol: SPECTRUM Script Code: 544386 ISIN: INE01EO01010 Series: EQ Sub.: Monitoring Agency Report for the quarter ended September 30, 2026. Dear Sir/Madam, Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Regulation 162A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we are enclosing herewith the Monitoring Agency Report for the quarter ended September 30, 2026 in respect of utilization of funds raised through Preferential Issue of Equity Shares and warrants, issued by CRISIL Ratings Limited, duly reviewed, approved and taken on record by the Audit Committee and the Board of Directors of the Company in their meeting held on Saturday, November 7, 2026. This is for your reference and records. Thanking you, Yours faithfully, For Spectrum Electrical Industries Limited Rahul Lavane M. No.: A57240 Company Secretary and Compliance Officer Address: Gat No. 139/1 and 139/2, Umale, Jalgaon 425003. Regd. Office : Gat No. 139/1 and 139/2, Umala, Jalgaon, Maharashtra - 425003. Tel.: 0257-2210192 Website : www.spectrum-india.com Email: - info@spectrum-india.com CIN No. L28100MH2008PLC185764 Monitoring Agency Report Spectrum Electrical Industries Limited for the quarter ended September 30, 2026 CRL/MAR/SPELIL/2026-27/2044 November 09, 2026 Spectrum Electrical Industries Limited Gat No. 139/1 and 139/2, Umala, Jalgaon, Maharashtra 425003, India. Dear Sir, Monitoring Agency Report for the quarter ended September 30, 2026 - in relation to the Preferential Issue (“PI”) of Spectrum Electrical Industries Limited (“the Company”) Pursuant to Regulation 162A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Agreement dated July 24, 2026, enclosed herewith the Monitoring Agency Report, issued by Crisil Ratings Limited, Monitoring Agency, as per Schedule XI of the SEBI ICDR Regulations towards utilization of proceeds of PI 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 (MA) Name of the issuer: Spectrum Electrical Industries 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 Statutory 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: Spectrum Electrical Industries Limited Names of the promoter: Mr. Deepak Suresh Chaudhari Industry/sector to which it belongs: Industrial Products 2) Issue Details Issue Period: September 01, 2026 to September 10, 2026 Type of issue (public/rights): Preferential Issue (PI) Type of specified securities: Equity shares and Convertible warrants IPO Grading, if any: Not Applicable Issue size: Rs. 325.00 crore *Crisil Ratings shall be monitoring the Issue proceeds amount. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information/ certifications Comments of the Comments of considered by Particulars Reply Monitoring the Board of Monitoring Agency Agency Directors for preparation of report Management undertaking, Statutory Proceeds were Auditors Certificate^, utilized towards Whether all utilization is as per the Notice to Shareholders Yes Repayment of loans No Comments disclosures in the Offer Document? dated July 27, 2026 and general (hereinafter referred as corporate purpose “Offer document”), Bank Statements Whether shareholder approval has been obtained in case of material deviations NA No Comments No Comments from expenditures disclosed in the Offer Document? Source of information/ certifications Comments of the Comments of considered by Particulars Reply Monitoring the Board of Monitoring Agency Agency Directors for preparation of report Whether the means of finance for the disclosed objects of the issue has No No Comments No Comments changed? Is there any major deviation observed over the earlier monitoring agency NA No Comments No Comments Management reports? undertaking, Statutory Whether all Government/statutory Auditors Certificate^ approvals related to the object(s) have NA No Comments No Comments been obtained? Whether all arrangements pertaining to technical assistance/collaboration are in NA No Comments No Comments operation? Are there any favorable events No No Comments No Comments improving the viability of these object(s)? Are there any unfavorable events No No Comments No Comments affecting the viability of the object(s)? Is there any other relevant information that may materially affect the decision No No Comments No Comments making of the investors? NA represents Not Applicable ^Certificate dated October 21, 2026, issued by M/s Sharp Aarth & C0. LLP (Firm Registration Number: 132748W/100823W), 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 of certification Particulars of Sr. (as per the Cost the Reason Proposed Item Head considered by firm No. Offer (Rs in Monitoring of Cost financing MA for arrangements Document) Cr) Agency revision option preparation of made (Rs in Cr) report Repayment/ pre-payment, in full or part, Management 1 of certain undertaking, 250.00 - No revision No Comments borrowings Statutory availed by the Auditors Company Certificate^, Notice to General Shareholders 2 Co [Showing first 8,000 characters — download PDF for full document]