Monitoring Agency Report

JYOTI STRUCTURES LIMITED Corporate Office: Valecha Chambers 6th Floor, New Link Road Oshiwara Andheri (West) Mumbai -400053 Corporate Identity No: L45200MH1974PLC017494 Ref No: JSL/HO/CS/GEN/26-27/38 Date: August 04, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Tower, Exchange Plaza, C-1, Block G, Dalal Street, Fort, Bandra Kurla Complex, Mumbai-400 001. Mumbai-400 051. Scrip Code: 513250 Symbol: JYOTISTRUC 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, as amended and relevant provision(s) of SEBI (Issue of Capital and Disclosures Requirement) Regulations 2018, we are enclosing herewith the Monitoring Agency Report, received from Monitoring Agency Care ratings limited dated 04/08/2026 for the quarter ended June 30, 2026 with respect to the utilization of proceeds from Rights Issue II of the Company. You are requested to take the same on record. Thanking you, Yours faithfully, For Jyoti Structures Limited Sonali K. Gaikwad Company Secretary FCS 13908 Nashik Factory: 52A/53A, D.Road, Satpur Industrial Complex, Nashik - 422007, Maharashtra, India Raipur Factory: 1037/1046, Sarora Ring Road, Urla Industrial Complex, Raipur - 493221, Chhattisgarh, India| Testing Station & R&D Center: Ubhade Shivar, Village - Deole, Ghoti - Bhandardara Road, Taluka - Igatpuri, Dist. - Nasik 422402| Tel.: (01-22)-4091-5000 | Website: www.jyotistructures.in Monitoring Agency Report No. CARE/HO/GEN/2026-27/1112 The Board of Directors Jyoti Structures Limited 6th Floor, Valecha Chambers, New Link Road, Andheri (W), Mumbai, Maharashtra, India – 400053 August 04, 2026 Dear Sir/Ma’am, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Rights Issue of equity shares of Jyoti Structures Limited (“the Company”) We write in our capacity of Monitoring Agency for the Rights Issue of equity shares for the amount aggregating to Rs. 499.09 crore of the Company and refer to our duties cast under Regulation 82 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 February 05, 2025. Request you to kindly take the same on records. Thanking you, Yours faithfully, Raunak Modi Assistant Director raunak.modi@@careedge.in Report of the Monitoring Agency Name of the issuer: Jyoti Structures Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: CARE Ratings Limited (a) Deviation from the objects: Nil (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: Mr. Raunak Modi Designation of Authorized person/Signing Authority: Assistant Director 1) Issuer Details: Name of the issuer : Jyoti Structures Limited Name of the promoter : NA as promoter holding is Nil Industry/sector to which it belongs : Heavy Electrical equipment / Capital goods 2) Issue Details Issue Period : February 17, 2025 to March 10, 2025 Type of issue (public/rights) : Rights Issue Type of specified securities : Equity Shares IPO Grading, if any : N.A. Issue size (in crore) : Rs. 499.09 crore (revised to Rs. 459.59 crore as 92.11% of the issue size was subscribed) 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / certifications Comments of the Particulars Reply considered by Monitoring Agency for Comments of the Monitoring Agency Board of preparation of report Directors There was no utilisation of funds in Q1 FY27. The letter of offer stipulates the timeline for deployment CA Certificate^, Management of gross proceeds as March 31, 2026. However, proceeds confirmation, Letter of offer, board Whether all utilization is as per the disclosures in the of ₹23.49 crore remain unutilized as on June 30, 2026. No resolution dated May 06, 2025, Board No Comments Offer Document? The board of directors has, vide resolution dated April 22, Resolution Dated April 22, 2026 and 2026, approved extension of timeline for bank statements implementation of objects of the issue to March 31, 2027 from March 31, 2026. (Refer to detailed note under point iv). Whether shareholder approval has been obtained in Not Letter of offer, CA Certificate^, case of material deviations# from expenditures Nil No Comments Applicable Management confirmation disclosed in the Offer Document? The board resolution dated May 06, 2025 has revised the Letter of offer, CA Certificate^, Whether the means of finance for the disclosed amounts against objects of the issue due to Yes Management confirmation and board No Comments objects of the issue have changed? undersubscription of the rights issue. The reallocation of resolution dated May 06, 2025. funds is as mentioned in table 3 of the report. Is there any major deviation observed over the Previous MA report for the quarter No deviations observed over the earlier MA report for Q4 No No Comments earlier monitoring agency reports? ending March 31, 2026, dated April 30, FY26 dated April 30, 2026. Source of information / certifications Comments of the Particulars Reply considered by Monitoring Agency for Comments of the Monitoring Agency Board of preparation of report Directors 2026. Whether all Government/statutory approvals CA Certificate^ and Management The MA has relied on CA certificate and management Yes No Comments related to the object(s) have been obtained? confirmation declaration. Whether all arrangements pertaining to technical Not CA Certificate and Management Nil No Comments assistance/collaboration are in operation? Applicable confirmation The rights issue received a subscription of 92.11%. The Are there any favorable/unfavorable events Ye [Showing first 8,000 characters — download PDF for full document]