Monitoring Agency Report for the quarter ended June 30, 2026.

SURAJ INDUSTRIES LTD Registered Office & Corporate Office: F-32/3, Second Floor, Okhla Industrial Area, Phase-II, New Delhi-110020 CIN: L26943DL1992PLC457936 Email id- secretarial@surajindustries.org; Website- www.surajindustries.org Telephone No: 011-42524455 July 30, 2026 The Executive Director, BSE Limited Floor 25, P J Towers Dalal Street, Mumbai-400001 Scrip Code: 526211 Sub: Monitoring Agency Report for the quarter ended June 30, 2026. Ref: Regulation 32(6) of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 and Regulation 82 (4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 Dear Sir/Madam, Pursuant to the provisions of Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Regulation 82(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended from time to time, please find enclosed herewith the Monitoring Agency Report for the quarter ended June 30, 2026, issued by M/s. Acuite Ratings & Research Limited, Monitoring Agency, appointed to monitor the utilization of proceeds of the Rights Issue of the Company. This disclosure will also be hosted on the Company's website at www.surajindustries.org Kindly acknowledge the receipt and take note of the same. Thanking you Yours faithfully, Suraj Industries Ltd. Snehlata Sharma Company Secretary & Compliance Officer Encl: as above Report of the Monitoring Agency (MA) Name of the issuer : Suraj Industries Limited For quarter ended : Q1 FY2026-27 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: Vikas Mishra Deputy Vice President - Process Excellence Report Date: July 29, 2026 1. Issuer Details: Name of the issuer : Suraj Industries Limited Names of the promoter : Mr. Suraj Prakash Gupta Industry/sector to which it belongs : Breweries & Distilleries/ Fast Moving Consumer Goods 2. Issue Details: Issue Period : October 23, 2025 to November 07, 2025 Type of issue : Right Issue Type of specified securities : Partly Paid-up Equity Share IPO Grading, if any : Not Applicable Issue size (INR Cr.) : 119.70 Report Date: July 29, 2026 3. D etails of the arrangement made to ensure the monitoring of issue proceeds Source of information/ certifications Comments the Particulars Reply from the issuer considered by Monitoring Comments of the Monitoring Agency Board of Directors Agency for preparation of report Yes, utilisations in the respective 1. Whether all utilization is as per the disclosures Yes objects are as per disclosures by the No Comments in the Offer Document? company. 2. Whether shareholder approval has been obtained in case of material deviations from Yes Material deviation is not observed. No Comments expenditures disclosed in the Offer Document? 3. Whether the means of finance for the No No change is observed. No Comments disclosed objects of the issue has changed? 4. Is there any major deviation observed The issuer had not appointed any No No Comments over the earlier monitoring agency reports? other Monitoring Agency earlier. 5. Whether all Government/statutory Documents provided by the Government/statutory Government / Statutory approval is approvals related to the object(s) have been issuer - Bank Statements, No Comments approvals related to not required for the objects. obtained? Invoices, Annual Report and the object(s) required Independent Auditors Arrangement pertaining to technical 6. Whether all arrangements pertaining to Certificate etc. assistance / collaboration is not technical assistance/collaboration are in No No Comments required with reference to the operation? objects. No favorable event is observed that 7. Are there any favorable events improving Not required may improve the viability of these No Comments the viability of these object(s)? objects. No unfavorable event is observed 8. Are there any unfavorable events affecting Not required affecting the viability of these No Comments the viability of the object(s)? objects. 9. Is there any other relevant No relevant information is evident information that may materially affect the No that may materially affect the No Comments decision making of the investors? decision making of the investors. Report Date: July 29, 2026 4. Details of object(s) to be monitored: i. Cost of object(s) Source of information / Original Comments of the Board of Directors certifications cost (as Sr. Item considered per the Revised Comments of the Monitoring No. Head by Monitoring Offer Cost Agency Reason Proposed Particulars of Agency for Document) of Cost financing firm preparation [INR Cr.] revision option arrangement of report Investment in our Subsidiary, Carya Chemicals & Fertilizers Private 1 47.32 47.32 No change is observed. No Comments Limited, to meet the Fixed capital requirements of its Distillery unit Funding of Capital Expenditure for The cost of the object has been 2 setting up of manufacturing unit of 14.99 4.17 revised, and the change has been No Comments Corrugated Boxes & PET Bottles. noted and approved by Funding of unidentified acquisitions shareholders at the Extra-Ordinary Bank 3 and investment along with 41.70 15.40 General (EGM) Meeting as on No Comments Statements, General Corporate Purposes March 06, 2026. Invoices, Notice of The object has been added, and Acquisition of Equity Shares of VRV EGM, the cost is approved by 4 Foods Limited from the existing Independent - 37.13 shareholders at the Extra-Ordinary No Comments shareholders Auditors General (EGM) Meeting as on Certificate March 06, 2026. Repayment/prepayment in full or etc. 5 part, of certain unsecured loans 7.20 7.20 No change is observed. No Comments availed by our Company. Acquisition of additional Equity Shares of Cary [Showing first 8,000 characters — download PDF for full document]