Monitoring Agency report for the Quarter ended June 30,2026

ADVANCE AGROLIFE LIMITED (FORMERLY KNOWN AS ADVANCE AGROLIFE PRIVATE LIMITED) ADVANCE/SECRETARIAL/2026-27/54 August 06, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai - 400 001 Mumbai —400 051 Maharashtra Maharashtra Scrip Code:544562 Symbel: ADVANCE Sul Monitoring Agency Report on the utilization of proceeds r: way of Public Issue of the Company for the quarter ended on June 30, 2026. Dear Sir/Madam, Pursuant to Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations™) read with Regulations 41(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBIICDR Regulations™) please find enclosed the Monitoring Agency Report issued by CARE Ratings Limited (“Monitoring Agency”). in respect to utilization of the proceeds raised through issuance of equity shares by way of Public Issue- - Initial Public Offer (‘IPO) of the Company for the quarter ended June 30, 2026. The same will also be hosted on the website oft he Company at www.advanceagrolife.com. The above is for your information and records. Thanking you, Yours Faithfully, For Advance Agrolife Limited (Formerly known as Advance Agrolife Private Limited) NISHA Digitalysigned by NISHA GUPTA GUPTA Date: 2026.08.06 17:55:52+05'30' Nisha Gupta Company Secretary & Compliance officer Membership No. A42708 Encl.: As above Regd. Office: E-39, RIICO Industrial Area Corp. Office : 301, Third Floor 140-8 :124121RJ2002PLCO17467 Bagru-303007 Jaipur ww.advanceagrolife.com Pandit Tn Mishra Marg Rajasthan, India fo@advanceagrolife.com Nirman Nagar-302019 No.:0141-4810126 Jaipur Rajasthan, India Care= RATINGS No. CARE/ARO/GEN/2026-27/1123 The Board of Directors Advance Agrolife Limited E-39, RIICO Industrial Area, Bagru, Jaipur —303007, Rajasthan- India. August 06, 2026 Dear Sir/Ma’am, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the IPO of Advance Agrolife Limited “the Company”) We write in our capacity of Monitoring Agency for the Initial Public Offering (IPO) for the amount aggregating to Rs. 192.84 crore of the Company and refer to our duties cast unde4r1 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 01, 2025. Request you to kindly take the same on records. Thanking you, Yours faithfully, Sajni Shah Assistant Director Sajni.shah@careedge.in Report of the Monitoring Agency Name of the issuer: Advance Agrolife 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: Sajni Shah Designation of Authorized person/Signing Authority: Assistant Director 1) Issuer Details: Name of the issuer : Advance Agrolife Limited Name of the promoter : Om Prakash Choudhary, Kedar Choudhary, Geeta Choudhary and Manisha Choudhary Industry/sector to which it belongs : Agrochemicals 2) Issue Details Issue Period : September 30, 2025, to October 03, 2025 Type of issue (public/rights) : Initial Public Offering (IPO) Type of specified securities : Equity shares IPO Grading, if any : Not Applicable Issue size (in crore) :Rs. 192.84 crore of fresh issue 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / certifications Comments of the Comments of the Board Particulars Reply considered by Monitoring Agency for Monitoring Agency of Directors preparation of report Proceeds have been No Comments Chartered Accountant certificate*; Bank Whether all utilization is as per the disclosures in the utilized as per the Yes statement, Company declaration, Offer Document? objects mentioned in Prospectus the offer document. No material deviations No Comments Whether shareholder approval has been obtained in case from expenditures of material deviations# from expenditures disclosed in | Not applicable Company declaration disclosed in the offer the Offer Document? document. There is no change in No Comments Whether the means of finance for the disclosed objects means of finance No Company declaration of the issue have changed? towards the disclosed objects. No, there are no No Comments Is there any major deviation observed over the earlier Previous Monitoring Agency report and deviations observed monitoring agency reports? ° Company declaration from the last monitoring | agency report. Whether all Government/statutory approvals related to No Comments Not applicable Not applicable Not applicable the object(s) have been obtained? Source of information / certifications Comments of the Comments of the Board Particulars Reply considered by Monitoring Agency for Monitoring Agency of Directors preparation of report No arrangement No Comments pertaining to technical Whether all arrangements pertaining to technical Not applicable Company declaration assistance/collaboration assistance/collaboration are in operation? is required with reference to the objects. Are there any favourable/unfavourable events affecting No None No Comments Company declaration the viability of these object(s)? Is there any other relevant information that may No Company declaration, stock exchange | - No Comments materially affect the decision making of the investors? filings *Chartered Accountant certificate from S K Patodia & Associates LLP dated July 24, 2026 #Where material deviation may be defined to mean: a) Deviation in the objects or purposes for which the funds have been raised b) Deviation in the amount of funds actually utilized by more than 10% of the [Showing first 8,000 characters — download PDF for full document]