Monitoring Agency Report for the quarter ended June 30, 2026

Ref. No.: MAL-SEC/26/2026-27 Date: August 5, 2026 The Secretary BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 544451 Sub: Monitoring Agency Report for the quarter ended June 30, 2026 Dear Sir/Madam, Pursuant to Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Regulations 41(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, please find enclosed the Monitoring Agency Report for the quarter ended June 30, 2026, issued by Acuite Ratings & Research Limited, Monitoring Agency, in respect of the utilization of proceeds raised by the Company through the issue of equity shares pursuant to its Initial Public Offer (IPO). The above information will be made available on the Company’s website at www.monikaalcobev.com. Please take the above document and information on record. Thanking you, Yours faithfully, For Monika Alcobev Limited Kalpesh Ramina Company Secretary & Compliance Officer Encl: As above Report of the Monitoring Agency (MA) Name of the issuer : Monika Alcobev Limited For quarter ended : Q1-FY2026-27 Name of the Monitoring Agency : Acuité Ratings and Research Limited (a) Deviation from the objects : No Deviation is observed. (b) Range of Deviation : None (C) Any other material fact to be highlighted : None 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: Vikas Mishra Deputy Vice President - Process Excellence Report Date: August 05, 2026 1. Issuer Details: Name of the issuer : Monika Alcobev Limited Names of the promoter : Mr. Bhimji Nanji Patel, Mr. Kunal Bhimji Patel. Industry/sector to which it belongs : Breweries & Distilleries / Fast Moving Consumer Goods 2. Issue Details: Issue Period : July 16, 2025, to July 18, 2025 Type of issue : Public Issue Type of specified securities : Equity Share IPO Grading, if any : Not Applicable Issue size (INR Cr.) : 137.03 Report Date: August 05, 2026 3. D etails of the arrangement made to ensure the monitoring of issue proceeds Source of information/ certifications Sr. Reply from the Comments of the Monitoring Comments the Particulars considered by No. issuer Agency Audit Committee Monitoring Agency for preparation of report Utilisations in the respective Whether all utilization is as per the disclosures in the Offer No Comments 1 Yes objects are as per disclosures by Document? the company. Whether shareholder approval has been obtained in case of No Comments Material deviation is not 2 material deviations# from expenditures disclosed in the Offer Not Applicable observed. Document? No Comments Whether the means of finance for the disclosed objects of the 3 No No change is observed. issue has changed? The issuer had not appointed No Comments Is there any major deviation observed over the earlier As per the 4 Not Applicable any other Monitoring Agency monitoring agency reports? documents earlier. provided by the Government / Statutory No Comments Whether all Government/statutory approvals related to the 5 Not Applicable issuer, including approval is not required for the object(s) have been obtained? Fixed Deposit objects. Certificates, Bank Arrangement pertaining to No Comments Whether all arrangements pertaining to technical Statement and technical assistance / 6 Not Applicable assistance/collaboration are in operation? Statutory Auditors collaboration is not required with Certificate. reference to the objects. No favourable event is observed No Comments Are there any favourable events improving the viability of 7 No that may improve the viability of these object(s)? these objects. No unfavourable event is No Comments Are there any unfavourable events affecting the viability of 8 No observed affecting the viability the object(s)? of these objects. No relevant information is No Comments Is there any other relevant information that may materially evident that may materially 9 No affect the decision making of the investors? affect the decision making of the investors. Report Date: August 05, 2026 4. Details of object(s) to be monitored: i. Cost of object(s) Source of information / Original cost (as Comments of the Audit Committee Comments of Sr. Item certifications considered by per the Offer Revised the Monitoring No. Head M po ren pit ao rr ain tg io A n g oe f n rec py o f ro t r Do (Ic Nu Rm Ce r.n ) t) Cost Agency Reason of Cost P finro ap no cs ie ngd Particulars of firm revision arrangement option Funding of working No Comments No Comments No Comments No change is 1 capital requirements of 100.64 - observed. the Company Pre-payment or - No Comments No Comments No Comments repayment of certain outstanding As per the documents No change is 2 borrowings availed by provided by the issuer, 11.45 observed. our Company from including Statutory Banks/Financial Auditors Certificate. Institutions General Corporate - No change is No Comments No Comments No Comments 3 7.77 Expenses observed. - No change is No Comments No Comments No Comments 4 Issue Expense 17.17 observed. Total 137.03 Report Date: August 05, 2026 ii. Progress in the object(s) – Source of Amount utilized Comments of the Audit information (INR Cr.) Committee / certifications Amount as Total considered by proposed in Amount NS or. . Item Heads th Ae gM e to n hn c ei yt o fr oin r g Dt (oh INce Ru O m Cff e re .n )r t (Ir Na Ris e Cd r. ) be oA g fis n t ha n et in g Du qr uin ag rt eth r e eA n tt h dt eh o e f u (an INmu Rt oi l Ci uze n r.td ) MC oo nm itom rie nn gt s A o gf e t nh ce y R ie da les o fun ns d fo s r P cr o ao u cp r to s ioes ne o d f preparation of quarter quarter report Funds allocated No No Funding of towards this Comments Comments working capital 1 100.64 100.64 94.64 6.00 100.64 NIL object have requirements of been fully utilised the company As per the by the issuer. Pre-payment or documents No No repayment of provided by Comments Comments certain the issuer, outstanding including 2 borrowings Statutory 11 [Showing first 8,000 characters — download PDF for full document]