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HINDUSTAN FOODS LIMITED A Vanity Case Group Company A Government Recognised Two Star Export House Registered Office: Office No. 3, Level 2, Centrium, Phoenix Market City, 15, Lal Bahadur Shastri Road, Kurla (West), Mumbai, Maharashtra, India, 400 070. Email: business@thevanitycase.com, Website: www.hindustanfoodslimited.com Tel. No.: +91 22 6980 1700/01, CIN: L15139MH1984PLC316003 Date: August 04, 2026 To, To, The General Manager The Manager, Department of Corporate Services National Stock Exchange of India Limited, BSE Limited Listing Department, Floor 25, P. J. Towers, Dalal Street, Exchange Plaza, C-1, Block G, Mumbai- 400 001 Bandra Kurla Complex, Tel: (022) 2272 1233 / 34 Bandra (East), Mumbai 400 070 Company Scrip Code: 519126 Company Symbol: HNDFDS Dear Sir /Madam, Sub.: Monitoring Agency Report for the Quarter ended June 30, 2026 Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulation 162A of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulation, 2018, We are enclosing herewith the Monitoring Agency report for the Quarter ended June 30, 2026, issued by CARE Ratings Limited on dated August 04, 2026 the Monitoring Agency, appointed to monitor the utilization of proceeds of the Preferential issue of 67,39,072 Convertible Warrants of the Company, which was duly reviewed and approved by the Audit Committee. We request you to take the above on record. Thanking you, Yours faithfully, For HINDUSTAN FOODS LIMITED Bankim Purohit Company Secretary and Legal Head ACS 21865 Encl.: As above Monitoring Agency Report No. CARE/HO/GEN/2026-27/1111 The Board of Directors Hindustan Foods Limited Level two, The Centrium, Phoenix Market City, LBS Marg, Kurla (W), Mumbai 400070 August 04, 2026 Dear Sir/Ma’am, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the preferential issue of convertible equity share warrants of Hindustan Foods Limited (“the Company”) We write in our capacity of Monitoring Agency for the preferential issue of convertible equity share warrants for the amount aggregating to Rs. 399.99 crore of the Company and refer to our duties cast under Regulation 162A 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 September 26, 2023. 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: Hindustan Foods 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: Raunak Modi Designation of Authorized person/Signing Authority: Assistant Director 1) Issuer Details: Name of the issuer : Hindustan Foods Limited Name of the promoter : Vanity case India Private Limited, Mr. Shrinivas V Dempo, Mr. Sameer R Kothari, Ms Asha Kothari, Soiru Dempo Management Holding Private Limited, V S Dempo Holdings Private Limited. Industry/sector to which it belongs : Contract Manufacturing/FMCG 2) Issue Details Issue Period : 18 months from the date of allotment Type of issue (public/rights) : Preferential Issue Type of specified securities : Warrants convertible to equity shares IPO Grading, if any : Not Applicable Issue size (in crore) : Rs. 399.99 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 Board of Monitoring Agency preparation of report Directors All funds utilized in Q1 FY27 are as per the objects specified in the offer document and revised cost of objects as approved by the board and shareholders. The company had revised the total cost of objects to Rs. 377.50 crore (gross proceeds) from Rs. 399.99 crore vide Chartered Accountant certificate*, Form board resolution dated June 18, 2025 due to cancellation of PAS-4, Management confirmation, Whether all utilization is as per the disclosures 5,32,009 warrants owing to non-exercise of conversion No Board Resolution dated June 18, 2025, No Comments in the Offer Document? option by investor. Subsequently, the cost of objects had shareholders resolution dated Sept 23, been further amended, vide shareholders resolution dated 2025 September 23, 2025, by reclassifying Rs. 50.00 crore between objects. (Refer Table 4 below for details) Further, the MA notes that the company has transferred funds from preferential allotment account to other bank account for further utilization of proceeds. Whether shareholder approval has been The cost of objects has been revised vide shareholders Form PAS-4, Shareholders resolution obtained in case of material deviations# from Yes resolution dated September 23, 2025 by reclassifying Rs. No Comments dated Sept 23, 2025 expenditures disclosed in the Offer Document? 50.00 crore between objects (Refer to Table 4 below for Source of information / certifications Comments of the Comments of the Particulars Reply considered by Monitoring Agency for Board of Monitoring Agency preparation of report Directors details) The company had revised the total cost of objects to Rs. 377.50 crore (gross proceeds) from Rs. 399.99 crore vide Chartered Accountant certificate*, Form board resolution dated June 18, 2025 due to cancellation of PAS-4, Management confirmation, Whether the means of finance for the disclosed 5,32,009 warrants owing to non-exercise of conversion Yes Board Resolution dated June 18, 202 [Showing first 8,000 characters — download PDF for full document]