Monitoring Agency Report for the quarter ended June 30, 2026

05th August, 2026 To, To, Corporate Relations Department Corporate Relations Department BSE Limited National Stock Exchange of India Ltd 2nd Floor, P.J. Towers, Exchange Plaza, Plot No. C/1, G-Block, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai – 400 051. SCRIP CODE: 544379 SYMBOL: PRABHA Sub: Monitoring Agency Report for the quarter ended June 30, 2026- Funds raised through issue of partly paid up equity shares on Rights basis Dear Sir/ Madam, Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulation 82(4) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, please find enclosed herewith the Monitoring Agency Report for the quarter ended June 30, 2026, issued by CARE Ratings Limited, for utilization of proceeds of Rights Issue of the Company. There is no deviation or variation in the utilisation of the said funds. The aforesaid information is also available on the website of the Company at www.prabhaenergy.com You are requested to take the same on your records. Thanking you, For Prabha Energy Limited Nikita Agarwalla Company Secretary & Compliance Officer M. No.: A69933 Regd. Office : 12A Abhishree Corporate Park, Opp. Swagat BRTS Bus Stop, Ambli-Bopal Road, Ambli, Ahmedabad- 380058 Tel: 02717-488611 Email:info@prabhaenergy.com CIN: L40102GJ2009PLC057716 Website: www.prabhaenergy.com Ranchi Office: 4th Floor, Rishab Complex, Opposite Ashoknagar Road No 4, Landmark: Above Bank of India, Ranchi - 834 002 No. CARE/ARO/GEN/2026-27/1113 The Board of Directors Prabha Energy Limited 12A, Abhishree Corporate Park, Opp Swagat BRTS Bus Stop, Ambli-Bopal Road, Bopal, Ahmedabad 380058, Gujarat, India August04, 2026 Monitoring Agency Report for the quarter ended June30, 2026 -in relation to the Rights issue of Prabha Energy We write in our capacity of Monitoring Agency for the Rights Issue for the amount aggregating to 139.21 crore of the Company and refer to our duties cast under 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 17, 2026. Request you to kindly take the same on records. Thanking you, Yours faithfully, Jignesh Trivedi Associate Director Jignesh.trivedi@careedge.in Report of the Monitoring Agency Name of the issuer: Prabha Energy 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:Nil 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 ofinterest 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 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 Signature: Name and designation of the Authorized Signatory: Jignesh Trivedi Designation of Authorized person/Signing Authority: Associate Director 1) Issuer Details: Name of the issuer : Prabha Energy Limited Name of the promoter : Mr. Paras Shantilal Savla Mr. Rupesh Kantilal Savla Industry/sector to which it belongs : Oil Exploration & Production 2) Issue Details Issue Period : March 20, 2026, and closed on April 06, 2026 Type of issue (public/rights) : Right issue Type of specified securities : Equity shares IPO Grading, if any : Not applicable Issue size (in crore) : 139.21crore (Refer Note A) Note A:PEL issued 96,67,258 partly paid- re Actual timeline as per letter Total Amount received Particulars Revised timeline (*) of offer March 20, 2026, to At the time of application March 20, 2026, to April 06, 2026 0.34 48.62 48.96 47.33 March 27, 2026 May 18, 2026 to First Call (on or about) May 26, 2026, to June 09, 2026 0.33 47.19 47.52 42.28 May 25, 2026 July 17, 2026, to Second and Final Call (on or about) July 28, 2026 to August 11, 2026 0.33 47.19 47.52 Not applicable July 24, 2026 (*) The right Issue Committee of the company vide its meeting held on March 23, 2026, extended the closing date of right issue till April 06, 2026. The right issue committee also extended the timeline for the first call, second and final call as well as the timeline related to the utilization of the proceeds. 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 Monitoring Agency Board of Directors preparation of report Letter of offer CA Certificate* The Board noted that Whether all utilization is as per the disclosures in Management Certificate Yes utilization is in line with the Offer Document? Right issue committee Resolution Copy line with the stated objects. the letter of offer. Bank Statement Sample invoice copy Source of information / certifications Comments of the Comments of the Particulars Reply considered by Monitoring Agency for Monitoring Agency Board of Directors preparation of report Whether shareholder approval has been obtained Letter of offer in case of material deviations# from expenditures Not applicable CA Certificate* Not applicable disclosed in the Offer Document? Management Certificate Letter of offer Whether the means of finance for the disclosed Not applicable CA Certificate* No change. objects of the issue have changed? Management Certificate Is there any major deviation observed over the This is the first MA report, hence not Not applicable Not applicable earlier monitoring agency reports? applicable. Not applicable, approval Whether all Government/statutory approvals Letter of offer will be taken as and when Nil related to the object(s) have been obtained? Management Certificate required. Whether all arrangements pertaining to technical Letter of offer Not applicable Not applicable assistance/collaboration are in operation? Management Certificate 1) The rights issue was originally scheduled to close on March 27, 2026. However, Right Issue Committee of the company vide its meeting held on March 23, 2026, extended the closing date of right issue till April 06, 2026. The right issue committee also extended the Are there any favorable/unfavorable events Letter of offer timeline for the first call, second Not applicable affecting the v [Showing first 8,000 characters — download PDF for full document]