Monitoring Agency Report

August 6, 2026 To, To BSE Limited National Stock Exchange of India Corporate Relationship Department Exchange Plaza, Plot No. C-1, Block G, 25th Floor, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East) Dalal Street, Mumbai- 400001 Mumbai -400051 Scrip Code: 544321 NSE Symbol: VENTIVE Dear Sir/Madam, Sub: Monitoring Agency Report for quarter ended June 30, 2026. Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Regulation 41 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, please find enclosed herewith Monitoring Agency Report for the quarter ended June 30, 2026, issued by Crisil Ratings Limited, the Monitoring Agency appointed in respect of utilization of proceeds of the Initial Public Offer of the Company. Kindly take the same on your records. Thanking You, For Ventive Hospitality Limited Pradip Bhatambrekar Company Secretary and Compliance Officer Membership No: F14201 Monitoring Agency Report Ventive Hospitality Limited for the quarter ended June 30, 2026 CRL/MAR/GDS7804/2026-27/1867 August 06, 2026 Ventive Hospitality Limited 2nd Floor, Tower D, Tech Park One Yerwada, Pune 411 006, Maharashtra, India Dear Sir, Final Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Initial Public Offer (“IPO”) of Ventive Hospitality Limited (“the Company”) Pursuant to Regulation 41(2) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Agreement dated November 29, 2024, enclosed herewith the Final Monitoring Agency Report, issued by Crisil Ratings Limited, Monitoring Agency, as per Schedule XI of the SEBI ICDR Regulations towards utilization of proceeds of IPO for the quarter ended June 30, 2026. Request you to kindly take the same on records. Thanking you, For and on behalf of Crisil Ratings Limited Shounak Chakravarty Director, Ratings (LCG) Final Report of the Monitoring Agency (MA) Name of the issuer: Ventive Hospitality Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: Crisil Ratings Limited (a) Deviation from the objects: Not applicable (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 we do not perceive any conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer. 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: Shounak Chakravarty Designation of Authorized person/Signing Authority: Director, Ratings (LCG) 1) Issuer Details: Name of the issuer: Ventive Hospitality Limited Names of the promoter: Atul I. Chordia HUF, Mr. Atul Ishwardas Chordia, Premsagar Infra Realty Private Limited, BRE Asia ICC Holdings Ltd, BREP Asia III India Holding Co Vi Pte Ltd Industry/sector to which it belongs: Hotels & Resorts 2) Issue Details Issue Period: December 20, 2024, to December 24, 2024 Type of issue (public/rights): Initial Public Offer (IPO) Type of specified securities: Equity Shares IPO Grading, if any: NA Issue size: Rs 16,000.00 million Note: Particulars Amount (Rs. In million) Gross proceeds of the Fresh Issue 16,000.00# Less: Issue Expenses 805.44 Net Proceeds 15,194.56 #Crisil Ratings shall be monitoring the gross proceeds. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information/ certifications Comments of the Comments of Particulars Reply considered by Monitoring the Board of Monitoring Agency for Agency Directors preparation of report Peer-reviewed Independent Chartered Accountant certificate^, Management Proceeds were Whether all utilization is as per the Yes undertaking, Prospectus utilized towards No Comments disclosures in the Offer Document? dated December 24, 2024 issue expenses (hereinafter referred to as “Offer document”), Bank Statements Whether shareholder approval has been obtained in case of material NA No Comments No Comments deviations from expenditures disclosed in the Offer Document? Whether the means of finance for the disclosed objects of the issue has No No Comments No Comments changed? Is there any major deviation observed over the earlier monitoring agency No No Comments No Comments reports? Whether all Government/statutory approvals related to the object(s) have NA No Comments No Comments Management been obtained? Undertaking* Whether all arrangements pertaining to technical assistance/collaboration NA No Comments No Comments are in operation? Are there any favorable events improving the viability of these No No Comments No Comments object(s)? Are there any unfavorable events No No Comments No Comments affecting the viability of the object(s)? Is there any other relevant information that may materially affect No No Comments No Comments the decision making of the investors? NA represents Not Applicable ^Certificate dated July 24, 2026, issued by M/s G S K A & Co., Chartered Accountants (Firm Registration Number: 147093W), Peer-reviewed Independent Chartered Accountants. *The Monitoring Agency has relied solely on the management undertaking as the Independent Chartered Accountant has not expressed an opinion on these aspects. 4) Details of object(s) to be monitored: i. Cost of the object(s): Source of Original Comments of the Board of Directors information/ cost Revised Comment Particulars certification (as per the Sr. Cost of the Reason of Proposed of firm Item considered by Offer No. (Rs in Monitoring Cost financing arrangement Head MA for Document) million) Agency revision option s preparation of (Rs in made report million) Repayment/prepayment, in part or full, of certain of borrowings availed by: (a) Company including payment of interest accrued thereon; (b) Step- down Subsidiaries namely SS & L Beach Private No 1 Peer- 14,000.00 NA No Comments Limited and revision reviewed Maldives Property Independent Holdings Private Chartered Limited including Accountant payment of interest certificate^, accrued thereon Management through investment undertaking, in such step-down Prospectus Subsidiaries; General corporate No 2 1,194.56 NA No Comments purposes revision - Sub-total 15,1 [Showing first 8,000 characters — download PDF for full document]