Monitoring agency report

CIN. No: L72200AP1984PLC004380 Date: November 11, 2026 Corporate Service Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 Scrip Code: 521005 ISIN: INE807M01031 Dear Sir/Madam, Subject: Submission of Monitoring Agency Report in respect of utilization of proceeds of the Rights Issue of Titan Intech Limited for the quarter ended September 30, 2026 Pursuant to Regulation 82(2) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), please find enclosed herewith the Monitoring Agency Report dated 11th November 2026 issued by Acuité Ratings and Research Limited, Monitoring Agency, with respect to the utilization of proceeds of the Rights Issue of Titan Intech Limited for the quarter ended September 30, 2026. As noted in the Monitoring Agency Report: The utilization of Rights Issue proceeds is in line with the objects stated in the Offer Document; No deviation or variation from the disclosed objects has been observed; and The Company continues to maintain disciplined deployment and monitoring of funds in accordance with applicable regulatory requirements and stated business objectives. The submission is being made in compliance with applicable SEBI regulations for dissemination to stakeholders and for maintaining transparency with investors. You are requested to kindly take the above information on record. Thanking you, Yours faithfully, For Titan Intech Limited Mangala Sachin Savla Company Secretary & Compliance Officer Encl.: Monitoring Agency Report issued by Acuité Ratings and Research Limited Corporate Office: Registered Office: # 404, 4th Floor, Lifestyle Building 5th Floor, # 54-1-7/21, Panchajanya, Vijayalakshmi www.titanintech.in Begumpet, Hyderabad colony, Road No. 2, Gunadala, Vijayawada. Andhra Ph: +91 87908 14671 Telangan a State - 500016 India. Pradesh, India- 520007 Email: info@titanintech.in Report of the Monitoring Agency (MA) for Quarter ended September 30, 2026 Name of the issuer Titan Intech Limited For quarter ended September 2026 Name of the Monitoring Agency Acuité Ratings and Research Limited (a) Deviation from the objects No deviation is observed. (b) Range of Deviation Not applicable (c) Any other material fact to be highlighted None 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: Signing Authority: Designation: Report Date: November 11, 2026 Acuité Ratings & Research Limited SEBI Registered | RBI Accredited 708, Lodha Supremus, Lodha iThink Techno Campus, Kanjurmarg (East), Mumbai – 400 042 +91 99698 98000 | www.acuite.in | info@acuite.in | CIN: U74999MH2005PLC155683 1 Issuer Details 1.1 Name of the issuer Titan Intech Limited 1.2 Names of the promoter Pinnamaneni Estates Private Limited 1.3 Promoter Group - 1.4 Industry/sector to which it belongs IT Enabled Services / Information Technology 2 Issue Details 2.1 Issue Period November 10, 2025, to November 19, 2025 2.2 Type of issue Rights Issue 2.3 Type of specified securities Fully paid-up equity shares 2.4 IPO Grading, if any Not applicable 49.14 Original Issue Offer Price Amount Raised Particulars Units Issued Actual Allotment 2.5 Issue size (INR Cr.) Size (INR Crs.) (INR) (INR Crs.)* Equity Shares 49,14,05,865 49.14 48,78,22,972 1.00 48.78 *Reflects total gross proceeds raised, considering valid applications for the rights issue. 3. Details of the arrangement made to ensure the monitoring of issue proceeds Source of Reply Sr. information/certifications Comments of the Issuer’s Audit Particulars from the Comments of the Monitoring Agency No. considered by Monitoring Agency Committee issuer for preparation of report Progress was delayed. Please refer Heading Whether all utilization is as per the Objects are completed with a 1 Yes 4. iv. Delay in implementation of the object(s) disclosures in the Offer Document? short period of delay for further details. Whether shareholder approval has been obtained in case of material 2 - Material deviation is not observed. Not applicable deviations from expenditures disclosed in the Offer Document? Whether the means of finance for the 3 disclosed objects of the issue has No No change is observed. None changed? No deviation has been reported in any of the Monitoring Agency reports issued for the Is there any major deviation observed As per documents provided by the preceding reporting periods. 4 over the earlier monitoring agency No Issuer including Bank Statements, None Further, no other Monitoring Agency has reports? Declaration of utilization from the been appointed to monitor the objects of this Issuer, Statutory Auditor’s Certificate issue. issued by M/s P V G R & Associates Whether all Government/statutory along with Stock Exchange Government / Statutory approval is not 5 approvals related to the object(s) Yes Disclosures, Scrutinizer's Report for Not applicable required for the objects. have been obtained? the 42nd AGM dated October 01, Whether all arrangements pertaining 2026, etc. Arrangement pertaining to technical 6 to technical assistance/collaboration Yes assistance / collaboration is not required with Not applicable are in operation? reference to the objects. Are there any favorable events No favorable events have been observed 7 improving the viability of these No that would improve the viability of the None object(s)? objects. Are there any unfavorable events No unfavorable events have been observed 8 No None affecting the viability of the object(s)? that would improve the viability of the object. Is there any other relevant No relevant information is evident that may 9 information that may materially affect No materially affect the decision making of the None the decision making of the investors? investors. 4. Details of object(s) to be monitored: i. Co [Showing first 8,000 characters — download PDF for full document]