Monitoring Agency Report

SILGO RETAIL LIMITED CIN: L32111RJ2016PLC049036 Date: August 07,2026 National Stock Exchange India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai-400051 COMPANY NAME: SILGO RETAIL LIMITED NSE SYMBOL: SILGO Sub: Outcome of the Board Meeting of Silgo Retail Limited ("Company") held on Friday August 07, 2026 and Submission of Monitoring Agency Report for the quarter ended 30 June 2026. Dear Sir/Madam, Pursuant to Regulation 32 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Board of Directors of the Company at its meeting held today i.e. Friday August 07 has, inter alia: Considered and taken on record the Monitoring Agency Report issued by Brickwork Ratings India Private Limited dated 06th August 2026 for the quarter ended June 30, 2026 in respect of utilization of proceeds of Rights Issue. The Board noted that there is no deviation or variation in the utilization of proceeds from the objects stated in the offer document. Further, pursuant to Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with applicable provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we are enclosing herewith the Monitoring Agency Report for the quarter ended 30th June 2026. The meeting commenced at 11:15 AM and concluded at 11:35 AM Kindly take the above information on your records. Thanking You Yours faithfully, For Silgo Retail Limited Nitin Jain Managing Director DIN: 00935911 Regd. Office: B-11, Mahalaxmi Nagar, Jawahar Lal Nehru Marg, Jaipur 302 017, (Rajasthan) INDIA Phone No. : +91 7055570555 / Email : info@silgo.in / Website : www.silgo.in Monitoring Agency Report for Silgo Retail Limited for the quarter ended June 30, 2026 No. BWR/2026-27/IPM/SRL/02 August 06,2026 Mr. Nitin Jain Managing Director Silgo Retail Limited B-11, Mahalaxmi Nagar, Jawahar Lal Nehru Marg, Jaipur-302 017 Dear Sir, Second Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Rights Issue of Equity Shares Issue of Silgo Retail Limited (“the Company”) Pursuant to Regulation 82 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Engagement Letter dated December 12, 2025, Brickwork Ratings (BWR) has prepared the Second Monitoring Agency Report, as per Schedule XI of the SEBI ICDR Regulations towards utilisation of proceeds of funds raised, for the quarter ended June 30, 2026. The funds raised by the Company were through Right issue of Equity Shares aggregating to Rs.44.06 Crore of the Company. 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 12, 2025. Request you to kindly take the same on records. Thanking you, Yours Faithfully, Mr Niraj Kumar Rathi Senior Director, Ratings - Brickwork Ratings Report of the Monitoring Agency (MA) Name of the issuer: Silgo Retail Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: Brickwork Ratings India Private Limited (a) Deviation from the objects: No (b) Range of Deviation: Not Applicable Declaration: We declare that this report is based on the format prescribed by the SEBI (ICDR) Regulations, 2018, we further declare that this report provides a true and fair 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. We declare that we do not have any direct/indirect interest in or relationship with the issuer/promoters/directors/management and also 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. 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 a(cid:431)iliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its a(cid:431)iliates may have a 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 of the Authorized Signatory: Mr Niraj Kumar Rathi Designation of Authorized Person/Signing Authority: Senior Director, Ratings, Brickwork Ratings 1) Issuer Details: Name of the issuer: Silgo Retail Limited Names of the promoter: Nitin Jain and Bela Agrawal Industry / sector to which it belongs: Jewellery 2) Issue Details: Issue period: January 14,2026 to February 12,2026 Type of issue (public/ rights): Rights issue of equity shares Type of specified securities: Equity Shares IPO Grading, if any: Not Applicable Issue size (in ₹ Crore): 44.29 Total Amount Value as per Offer Document Particulars Number of Price (₹) Received (₹ Crore) Securities (₹ Crore) * Equity Shares-Rights Issue 73,81,359 60 44.29 44.06 Total 73,81,359 60 44.29 44.06 * The company had proposed to raise total funds amounting to Rs.44.29 crore through the rights issue. As per the Letter of O(cid:431)er, the company has received 99.48% on application of the subscribed amount which is Rs.44.06 crore till June 30,2026. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / Comments Comments certifications of of Particulars Reply considered by Monitoring Board of Monitoring Agency Agency Directors for preparation of report Bank Statements, CA Whether all utilization is as per the Yes Certificate, Invoice, Nil Nil disclosures in the O(cid:431)er Document? Company’s letter. Whether shareholder approval has been obtained in case of material Not Nil Nil Nil deviations# from expenditures Applicable disclosed in the O(cid:431)er Document? Whether the means of finance for the disclosed objects of the issue has No Nil Nil Nil changed? Monitoring is Is there any major deviation observed Not being done over the earlier monitoring agency Nil Applicable for the first Nil reports? time Whether all Government/statutory approvals related to the object(s) Yes Company’s Letter Nil Nil have been obtained? Whether all arrangements pertaining to technical assistance/collaboration Nil Nil Nil Applicable are in operation? Are there any favorable events improving the viability of these No Company’s letter Nil Nil object(s)? Are there any unfavorable events [Showing first 8,000 characters — download PDF for full document]