Please find the attached

Date: August 01, 2026 To To Listing Department Dept. of Corp. Services National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Dalal Street Bandra (E), Mumbai – 400 051 Mumbai- 400001 Symbol/Security ID: POWERMECH Security Code: 539302 Dear Sir/Madam, Sub: Monitoring Agency Report for the quarter ended June 30, 2026 ****** Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with regulation 173A (4) of the SEBI ( Issue of Capital and Disclosure Requirements) Regulations, 2018, please find enclosed herewith, Monitoring Agency report issue by CARE Ratings Limited, for the quarter ended June 30, 2026, with regard to the utilization of proceeds of the Qualified Institutional Placement (QIP) of the Company. Kindly take the same on record and acknowledge the receipt of the same. Yours faithfully, For Power Mech Projects Limited M. Raghavendra Prasad Company Secretary and Compliance officer Encl: as above No. CARE/HRO/GEN/2026-27/1014 The Board of Directors Power Mech Projects Limited Plot No. 77, Jubilee Enclave, Opp. Hitex Arcade, Madhapur, Hyderabad Telangana 500081 07/31/2026 Dear Sir/Ma’am, Monitoring Agency Report for the quarter ended 06/30/2026 - in relation to the QIP issue of Power Mech Projects Limited (“the Company”) We write in our capacity of Monitoring Agency for the QIP Issue for the amount aggregating to Rs. 343.40 crore of the Company and refer to our duties cast under 173 A 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 06/30/2026 as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated 10/18/2023. Request you to kindly take the same on records. Thanking you, Yours faithfully, Tej Kiran Associate Director tej.kiran@careedge.in Report of the Monitoring Agency Name of the issuer: Power Mech Projects Ltd. For quarter ended: 06/30/2026 Name of the Monitoring Agency: CARE 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 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: Tej Kiran Designation of Authorized person/Signing Authority: Associate Director CARE Ratings Limited 4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (East), Mumbai Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 1) Issuer Details: Name of the issuer : Power Mech Projects Limited Name of the promoter : Mr. Sajja Kishore Babu Industry/sector to which it belongs : Construction and Mining 2) Issue Details Issue Period : 10/18/2023 to 10/23/2023 Type of issue (public/rights) : Qualified Institutions Placement Type of specified securities : Equity Shares IPO Grading, if any : Not Applicable Issue size (in crore) : Rs. 350 crore 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / Comments certifications considered by of the Particulars Reply Comments of the Monitoring Agency Monitoring Agency for Board of preparation of report Directors Whether all utilization is as per the disclosures in the Chartered Accountant certificate* The utilization is in line with offer No Offer Document? and bank statements document. Comments Whether shareholder approval has been obtained in case Not applicable as there is no Mail correspondence from the No of material deviations# from expenditures disclosed in deviation from expenditures Not Applicable company. Comments the Offer Document? disclosed in the offer document Whether the means of finance for the disclosed objects Not applicable as there is no Mail correspondence from the No Not Applicable of the issue have changed? change company. Comments No, there are no deviations Is there any major deviation observed over the earlier There is no deviation in the object or No observed from the last Chartered Accountant certificate* monitoring agency reports? purpose for which funds have been raised. Comments monitoring agency report Care Ratings | 1 CARE Ratings Limited 4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (East), Mumbai Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 Source of information / Comments certifications considered by of the Particulars Reply Comments of the Monitoring Agency Monitoring Agency for Board of preparation of report Directors Yes, the company has received There has been delay in receiving approvals Whether all Government/statutory approvals related to all the required approvals for the Mail correspondence from the No for coal washery installation with the the object(s) have been obtained? installation of coal washery for company. Comments required approvals received by June 2025. the Tasra MDO project. Whether all arrangements pertaining to technical Mail correspondence from the No Not Applicable Not Applicable assistance/collaboration are in operation? company. Comments Are there any favorable/unfavorable events affecting the Mail correspondence from the No No - viability of these object(s)? company. Comments As per the letter of offer, the ₹240 crore should be utilized towards installation of coal washery by financial year 2026 (₹24 crore in FY24, ₹48 crore in FY25 and ₹168 crore in FY26). However, there has been a delay in implementation of the objects from the stipulated timeline mentioned in the Is there any other relevant information that may Chartered Accountant certificate offer document due to delay in receipt of No materially affect the decision making of the investors? and Bank Statements* approvals. As on June 30, 2026, the Comments company utilized the entire amount that it raised for Tasra Projected. The company has utilized the entire amount with a delay [Showing first 8,000 characters — download PDF for full document]