GNG Electronics Limited has informed the Exchange regarding the Monitoring Agency Report for the quarter ended June 30, 2026

July 30, 2026 To, To, National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, C-1, Block G, Bandra Phiroze Jeejeebhoy Towers, Kurla Complex, Bandra (E), Mumbai 400051 Dalal Street, Mumbai – 400001 NSE Symbol - EBGNG Scrip Code – 544455 Sub: Monitoring Agency Report for the Quarter ended June 30, 2026 Dear Sir/ Madam, Pursuant to Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Monitoring Agency Report in respect of utilization of proceeds of IPO for the quarter ended June 30, 2026 issued by CARE Ratings Limited, Monitoring Agency. You are requested to take the above information on record. FOR GNG ELECTRONICS LIMITED Sarita Vishwakarma Company Secretary & Compliance officer Membership No. A59547 Monitoring Agency Report No. CARE/HO/GEN/2026-27/1108 The Board of Directors GNG Electronics Limited Hubtown Solaris, Near East West Flyover Bridge, Prof N S Phadke Marg, Andheri East, Mumbai- 400069 July 30, 2026 Dear Sir, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Initial Public Offering (IPO) of GNG Electronics Limited (“the Company”) We write in our capacity of Monitoring Agency for the Initial Public Offering (Fresh Issue) for the amount aggregating to Rs. 400.00 crore of the Company and refer to our duties cast under Regulation 41 of the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations. In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30, 2026, as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated July 04, 2025. Request you to kindly take the same on records. Thanking you, Yours faithfully, Mr. Raunak Modi Assistant Director raunak.modi@careedge.in Report of the Monitoring Agency Name of the issuer: GNG Electronics Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: CARE Ratings Limited (a) Deviation from the objects: No (b) Range of Deviation: N.A. 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 Monitoring Agency (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: Raunak Modi Designation of Authorized person/Signing Authority: Assistant Director 1) Issuer Details: Name of the issuer : GNG Electronics Limited Name of the promoter : Amiable Electronics Private Limited Mr. Sharad Khandelwal Ms. Vidhi Khandelwal Kay Kay overseas corporation Industry/sector to which it belongs : Computers Hardware and Equipments 2) Issue Details Issue Period : July 23, 2025 to July 25, 2025 Type of issue (public/rights) : Public Issue (IPO) Type of specified securities : Equity Shares IPO Grading, if any : Not Applicable Issue size (in crore) : Rs. 400.00 crore 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / certifications Comments of the Comments of the Particulars Reply considered by Monitoring Agency for Monitoring Agency Board of Directors preparation of report The utilization of the proceeds in Q1 FY27 is Whether all utilization is as per the disclosures in the Offer Chartered Accountant certificate*, Red-Herring Yes as per the disclosures in the Offer No comments Document? Prospectus, Management Certificate Document. Whether shareholder approval has been obtained in case of Not Chartered Accountant certificate*, Red-Herring material deviations# from expenditures disclosed in the Offer Nil No comments Applicable Prospectus, Management Certificate Document? Whether the means of finance for the disclosed objects of the Chartered Accountant certificate*, Red-Herring No Nil No comments issue have changed? Prospectus, Management Certificate There are no deviations observed over Is there any major deviation observed over the earlier Previous MA report for the quarter ending No earlier MA report for the quarter ending No comments monitoring agency reports? March 31, 2026 dated May 05, 2026 March 31, 2026 dated May 05, 2026. Whether all Government/statutory approvals related to the Not Chartered Accountant certificate*, Red-Herring Nil No comments object(s) have been obtained? applicable Prospectus, Management Certificate Whether all arrangements pertaining to technical Not Chartered Accountant certificate*, Red-Herring Nil No comments assistance/collaboration are in operation? applicable Prospectus, Management Certificate Source of information / certifications Comments of the Comments of the Particulars Reply considered by Monitoring Agency for Monitoring Agency Board of Directors preparation of report Are there any favorable/unfavorable events affecting the Chartered Accountant certificate*, No Nil No comments viability of these object(s)? Management Certificate Is there any other relevant information that may materially Chartered Accountant certificate*, No Nil No comments affect the decision making of the investors? Management Certificate *Chartered Accountants certificate from Shankarlal Jain and Associates LLP dated July 09, 2026, bearing UDIN 26160291ARUKKG4035 #Where material deviation may be defined to mean: a) Deviation in the objects or purposes for which the funds have been raised b) Deviation in the amount of funds actually utilized by more than 10% of the amount projected in the offer documents. 4) Details of objects to be monitored: (i) Cost of objects – Comments of the Board of Directors Original cost Revised Comments Source of information / certifications Particulars Sr. Item (as per the Offer Cost of the Proposed considered by Monitoring Agency for Reason for of -firm No Head Document) in Rs. in Rs. Monitoring financing preparation of report cost revision arrangemen Crore Crore Agency option ts made Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed 1 No comments by our Company and our Material Subsidiary namely, Electronics Bazaar FZC 1a Debt repayment of the company CA certificat [Showing first 8,000 characters — download PDF for full document]