Monitoring Agency Report for the quarter ended June 30, 2026

Xpro India Limited Birla Building (2nd Floor) 9/1 R.N. Mukherjee Road Kolkata 700 001, India. +91 (033) 4082 3700/2220 0600 ; xprocal@xproindia.com July 31, 2026 National Stock Exchange of India Ltd. BSE Limited “Exchange Plaza”, Corporate Relationship Department Bandra-Kurla Complex, 1st Floor, New Trading Ring Bandra (E), Rotunda Building, P J Towers Mumbai 400 051 Dalal Street, Fort, Mumbai 400 001 Stock Symbol: XPROINDIA(EQ) Stock Code No: 590013 Dear Sir/Madam, Sub: Monitoring Agency Report in relation to Preferential Issue Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Regulations 162A of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we are enclosing herewith the Report of the Monitoring Agency dated July 31, 2026, issued by Crisil Ratings Limited for the Quarter ended June 30, 2026, in respect of the utilisation of proceeds of Preferential Issue (F.Y. 2023-2024). Copy of the same is also being uploaded on the website of the Company at www.xproindia.com. This is for your information and records. Thanking you, Yours faithfully, For Xpro India Limited Kamal Kishor Sewoda Company Secretary Encl.: a/a Registered Office : Barjora-Mejia Road, P.O. Ghutgoria, Tehsil : Barjora, Distt : Bankura, West Bengal 722 202. Tel : +91 (9775) 301 701; email : cosec@xproindia.com; website : www.xproindia.com CIN : L25209WB1997PLC085972 Monitoring Agency Report for Xpro India Limited for the quarter ended June 30, 2026 CRL/MAR/ XPROINDBY /2026-27/1892 July 31, 2026 Xpro India Limited Barjora - Mejia Road, P.O. Ghutgoria, Tehsil: Barjora, Distt: Bankura, West Bengal – 722 202, India Dear Sir, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Preferential Issue (“PI”) of Xpro India 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 June 06, 2024, 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 June 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: Xpro India Limited For quarter ended: June 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 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 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: Xpro India Limited Names of the promoter: Intellipro Finance Pvt Ltd Industry/sector to which it belongs: Polymer processing and manufacturing 2) Issue Details Issue Period: January 18, 2024, to January 25, 2024 Type of issue (public/rights): Preferential Issue (PI) Type of specified securities: Equity Shares PI Grading, if any: NA Issue size: Issue size comprises of Net proceeds of Rs 140 crore* *Crisil Ratings shall be monitoring the net proceeds amount. The Company had appointed India Ratings and Research Private Limited (“Outgoing Monitoring Agency") to monitor utilization of Issue Proceeds. The Company vide its notice dated May 2, 2024, terminated the Monitoring Agency Agreement with the Outgoing Monitoring Agency, effective 02 June 2024. Consequently, the Company appoints Crisil Ratings Limited as the Monitoring Agency for the Issue with effect from 06 June 2024, to monitor the utilization of Issue Proceeds from the quarter ending June 2024 till 100% utilization of the Issue Proceeds. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information/ certifications Comments of Comments of considered by the Particulars Reply the Board of Monitoring Monitoring Directors Agency for Agency preparation of report Peer reviewed Independent Auditor Proceeds are Certificate^, utilized Whether all utilization is as per the disclosures Management towards Yes No Comments in the Offer Document? undertaking, capital Notice to EGM expenditure of dated December the company 24, 2023, Bank Statements Source of information/ certifications Comments of Comments of considered by the Particulars Reply the Board of Monitoring Monitoring Directors Agency for Agency preparation of report Whether shareholder approval has been obtained in case of material deviations from N/A No Comments No Comments expenditures disclosed in the Offer Document? Whether the means of finance for the disclosed N/A No Comments No Comments objects of the issue has changed? Is there any major deviation observed over the No No Comments No Comments earlier monitoring agency reports? All requisite Peer reviewed approvals Independent mentioned in Auditor Placement Whether all Government/statutory approvals Certificate^, document Yes No Comments related to the object(s) have been obtained? Management needed for the undertaking, current stage of the projects have been secured. Whether all arrangements pertaining to technical assistance/collaboration are in N/A No Comments No Comments operation? Are there any favorable events improving the No No Comments No Comments viability of these object(s)? Are there any unfavorable events affecting the No No Comments No Comments viability of the object(s)? Is there any other relevant information that may materially affect the decision making of No No Comments No Comments the investors? NA represents Not Applicable ^ Certificate dated July 20, 2026, issued by M/s B.B. & Associates, Peer reviewed Chartered Accountants (Firm Registration Number: 023670N). 4) Details of object(s) to be monitored: i) Cost of the object(s): Comments of the Board of Original Source of Dire [Showing first 8,000 characters — download PDF for full document]