Announcement under Regulation 30 SEBI (LODR)-Monitoring Agency Report for the quarter ended 30 June, 2026

Best affotireli ited m CIN : 1741 1ODL1gg2pLC11677g 04tt August,2O26 BSE Limited 25th Floor, p,f, Towers, EN xa cti ho an na gl eS pto lac zk a E , Cxc _h 1,a Bn lg oe dia Limired Dalal Street, Mumbai-40000 1 Bandra - Kurla Complex Bandra (E), Mtrmbai-400051 SCRIP CODE: 539660 SCRIP ID: BESTAGRO n lune,2026 Dear Sir/Madam, Pursuant to Regulation 32(6) of the sEBI (Listing obligations and Disclosure Requirements) Regulations,2015 read with Regulation 162A (4) or Sngt (l.ssue of capital and Disclosure Requirements) Regulations, 2018, the Monitoring Agency Report fbr the quarter ended on 30tr, June'2026, issued by GRISIL RATINGS LIMITED in.!rp".t rithc utilization of proceeds raised through preferential issue of convertibre warrants by the cornpan-y The same is also uploaded on the website of the company lyuaalbcstagrqlife.com, Kindly take the same on your records. CS & Corhpliance Officer s Regd. office & corporore office : B-4, Bhogwon Doss Nogor, Eost puniobi Bogh, New Derhi-l r0026 Phone: 0'l l-45803300 | Fox: 0] l-4509351g @ info@bestogrorife.com I www.bestogrorife.com ryffi MAKE IN INDIA Monitoring Agency Report Best Agrolife Limited for the quarter ended June 30, 2026 CRL/MAR/GDS18687/2025-26/1918 August 04, 2026 Best Agrolife Limited B-4, Bhagwan Dass Nagar, East Punjabi Bagh, New Delhi - 110026 Dear Sir, Final Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Preferential Issue (“PI”) of Best Agrolife Limited (“the Company”) Pursuant to Regulation 162A of SEBI (lssue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Agreement dated October 20, 2024, enclosed herewith the final 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) Final Report of the Monitoring Agency (MA) Name of the issuer: Best Agrolife 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 Statutory 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: Best Agrolife Limited Names of the promoter: Ms. Vandana Alawadhi and Mr. Vimal Kumar Industry/sector to which it belongs: Pesticides & Agrochemicals 2) Issue Details Issue Period: December 17, 2024 to December 26, 2024 Type of issue (public/rights): Preferential Issue (PI) Type of specified securities: Convertible warrants PI Grading, if any: NA Issue size: Rs 150.00 crore# *Crisil Ratings shall be monitoring the Issue proceeds amount. #The issue proceeds were revised from Rs 200.00 crore to Rs 150.00 crore due to the undersubscription of warrants convertible into equity shares during the quarter ended December 31, 2024. Subsequently, during the reported quarter, the issue proceeds were further revised from Rs 150.00 crore to Rs 37.50 crore on account of the non-exercise of conversion rights attached to warrants, so in accordance with the notice to shareholders, the company vide stock exchange intimation dated June 27, 2026, informed the forfeiture of the subscription amount paid on unexercised warrants. Crisil Ratings shall be monitoring the revised issue proceeds received through issue of fully convertible share warrants 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information/ certifications Comments of Comments of considered by Particulars Reply the Monitoring the Board of Monitoring Agency Directors Agency for preparation of report Management undertaking, Peer- reviewed No utilization Independent observed Whether all utilization is as per the NA Chartered during the No comments disclosures in the Offer Document? Accountant reported Certificate^, quarter Notice to shareholder/Offer Source of information/ certifications Comments of Comments of considered by Particulars Reply the Monitoring the Board of Monitoring Agency Directors Agency for preparation of report document dated Whether shareholder approval has been September 06, obtained in case of material deviations NA 2024, Bank No Comments No comments from expenditures disclosed in the Offer Statements Document? Whether the means of finance for the No No Comments No comments disclosed objects of the issue has changed? Is there any major deviation observed over No Management No Comments No comments the earlier monitoring agency reports? undertaking, Peer reviewed Whether all Government/statutory Independent approvals related to the object(s) have been NA No Comments No comments Chartered obtained? Accountant’s Whether all arrangements pertaining to Certificate^ technical assistance/collaboration are in NA No Comments No comments operation? Are there any favorable events improving No No Comments No comments the viability of these object(s)? Are there any unfavorable events affecting Yes Refer No comments the viability of the object(s)? Note 1 Is there any other relevant information that may materially affect the decision making No No Comments No comments of the investors? NA represents Not Applicable Note 1 : Forfeiture of warrant subscription amount on account of non-exercise of conversion rights attached to warrants during the quarter has led to a reduction in issue proceeds. This shortfall in issue proceeds has impacted the viability of the objects of the issue ^Certificate dated July 29, 2026, issued by M/S TATTVAM & Co, Chartered Accountants (Firm Registration Number: 015048N), Peer Reviewed Independent Chartered Accountant. 4) Details of object(s) to be monitored: i. Cost of the object(s): Source of Comments of the Board [Showing first 8,000 characters — download PDF for full document]