Monitoring Agency Report For June 30 , 2026 along with comment of Board .

August 05th, 2026 BSE Limited Listing & Compliance Department Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai, 400001, Maharashtra, India Company Symbol : TIPCO Company Scrip Code : 544740 Company ISIN : INE1U6D01014 Dear Sir / Madam, Subject: Monitoring Agency Report for the Quarter Ended June 30, 2026. Pursuant to Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) read with Regulation 262 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we hereby submit the Monitoring Agency Report issued by CARE Ratings Limited, for the quarter ended June 30, 2026, in respect of utilization of gross proceeds of the IPO of the Company. We request you to kindly take the information on your records. The aforesaid intimation is also being made available on the website of the Company at: https://tipcoengineering.com This is for your information and records. Thanking you, Yours Faithfully, For Tipco Engineering India Limited (Formerly Known as “Tipco Engineering India Private Limited”) Ritesh Sharma Chairman & Managing Director DIN: 08358943 Place: Sonepat No. CARE/NRO/GEN/2026-27/1087 The Board of Directors TIPCO Engineering India Limited Plot No. 1689, Sector 38, Sonipat Bypass, HSIIDC, Rai Distt., Sonipat Haryana-131029 August 05, 2026 Dear Sir/Ma’am, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Initial Public Offer (IPO) of TIPCO Engineering India Limited (“the Company”) We write in our capacity of Monitoring Agency for the Initial Public Offer (IPO) for the amount aggregating to Rs.48.49 crore of the Company and refer to our duties cast under 262 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 December 31, 2025. Request you to kindly take the same on records. Thanking you, Yours faithfully, Akanksha Dutta Assistant Director akanksha.dutta@careedge.in CARE Ratings Limited 9th Floor, C-001/A2, Berger Towers, Sector-16B, 4th Floor, Godrej Coliseum, Somaiya Hospital Noida, Gautam Budh Nagar, Uttar Pradesh – 201 301 Road, Off Eastern Express Highway, Sion Phone: +91-120-445 2000 (East), Mumbai - 400 022 Phone: +91-22-6754 3456 Email: care@careedge.in • www.careedge.in CIN-L67190MH1993PLC071691 Report of the Monitoring Agency Name of the issuer: TIPCO Engineering India 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: 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: Akanksha Dutta Designation of Authorized person/Signing Authority: Assistant Director CARE Ratings Limited 9th Floor, C-001/A2, Berger Towers, Sector-16B, 4th Floor, Godrej Coliseum, Somaiya Hospital Noida, Gautam Budh Nagar, Uttar Pradesh – 201 301 Road, Off Eastern Express Highway, Sion Phone: +91-120-445 2000 (East), Mumbai - 400 022 Phone: +91-22-6754 3456 Email: care@careedge.in • www.careedge.in CIN-L67190MH1993PLC071691 1) Issuer Details: Name of the issuer : TIPCO Engineering India Limited Name of the promoter : Ritesh Sharma Industry/sector to which it belongs : Manufacturing of machines in milling and mixing technology 2) Issue Details Issue Period : March 23, 2026, to March 25, 2026 (Allotment date - March 27, 2026) Type of issue (public/rights) : Initial Public Offer (IPO) - SME Type of specified securities : Equity share IPO Grading, if any : Not Applicable Issue size (in crore) : Rs. 48.49 crore 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / certifications considered Comments of the Comments of the Particulars Reply by Monitoring Agency for Monitoring Agency Board of Directors preparation of report Yes Chartered Accountant As per offer document if the actual utilisation Yes. There was a change in the certificate*, Management towards any of the objects is lower than the allocation between Issue Expenses certificate, Bank Statement, proposed deployment, such balance will be and General Corporate Purposes Offer document used towards general corporate purposes. amounting to ₹0.12 crore. The Further, in case of variations in the actual Board of Directors approved the utilization of funds earmarked for the revised allocation by passing a Whether all utilization is as per the disclosures purposes set forth above, increased fund Board Resolution dated May 13, in the Offer Document? requirements for a particular purpose may be 2026. Further, a certificate from financed by surplus funds, if any, available in the Chartered Accountant respect of the other purposes for which funds confirming the utilisation of the are being raised in the Offer, subject to funds in accordance with the compliance with applicable laws. Accordingly, revised allocation has also been surplus amount of Rs. 0.12 crore pertaining to obtained. general corporate purpose was allocated CARE Ratings Limited 9th Floor, C-001/A2, Berger Towers, Sector-16B, 4th Floor, Godrej Coliseum, Somaiya Hospital Noida, Gautam Budh Nagar, Uttar Pradesh – 201 301 Road, Off Eastern Express Highway, Sion (East), Phone: +91-120-445 2000 Mumbai - 400 022 Phone: +91-22-6754 3456 Email: care@careedge.in • www.careedge.in CIN-L67190MH1993PLC071691 Source of information / certifications considered Comments of the Comments of the Particulars Reply by Monitoring Agency for Monitoring Agency Board of Directors preparation of report towards issue related expenses through a board resolution dated May 13, 2026. Whether shareholder approval has been No material Management Certificate Not applicable Not applicable obtained in case of material deviation [Showing first 8,000 characters — download PDF for full document]