Monitoring Agency Report

KRYSTAL INTEGRATED SERVICES LIMITED (FORMERLY KNOWN AS KRYSTAL INTEGRATED SERVICES PRIVATE LIMITED) August 08, 2026 KISL/CS/SE/42/2026-27 The Department of Corporate Services National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot no. C/1, G Block, General Manager Bandra-Kurla Complex, Floor 25, Phiroze Jeejeebhoy Towers, Bandra (E), Dalal Street, Mumbai 400 001 Mumbai - 400 051 Scrip Code: 544149 Scrip Symbol: KRYSTAL Dear Sir/Madam, Sub: Monitoring Agency Report for the quarter ended June 30, 2026 Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Regulation 41 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, enclosed herewith is the Monitoring Agency Report for the quarter ended June 30, 2026 issued by CRISIL Ratings Limited, Monitoring Agency in respect of utilization of proceeds of the Initial Public Offer (IPO). The report was duly reviewed by the Audit Committee and taken on record by the Board of Directors of the Company. The said Monitoring Agency Report shall also be available on the website of the Company at https://krystal-group.com. This is for your information and records. Thanking You, For Krystal Integrated Services Limited (Previously known as Krystal Integrated Services Private Limited) Manishkumar Sangani Company Secretary & Compliance Officer Membership Number: A24871 Encl.: As above Registered Office: Krystal House, 15A/17, Shivaji Fort CHS, Duncans Causeway Road Mumbai -400 022, Maharashtra (India) Tel: +9122 4353 1234, +9122 47471234 Web: www.krystal-group.com CIN - L74920MH2000PLC129827. Monitoring Agency Report Krystal Integrated Services Limited for the quarter ended June 30, 2026 CRL/MAR/ KTISL/2026-27/1947 August 07, 2026 Krystal Integrated Services Limited Krystal House 15A 17, Shivaji Fort CHS, Duncans Causeway Road, Mumbai – 400 022 Dear Sir, Monitoring Agency Report for the quarter ended June 30, 2026- in relation to the Initial Public Offer (“IPO”) of Krystal Integrated Services Limited (“the Company”) Pursuant to Regulation 41 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR Regulations”) and Monitoring Agency Agreement dated March 04, 2024, entered with the Company, we enclose herewith the Monitoring Agency Report, issued by Crisil Ratings Limited, as per Schedule XI of the SEBI ICDR Regulations towards utilization of IPO proceeds 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) Report of the Monitoring Agency (MA) Name of the issuer: Krystal Integrated Services 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 Krystal Integrated Services Limited Names of the promoter a. Mrs. Neeta Prasad Lad b. Mrs. Saily Prasad Lad c. Mr. Shubham Prasad Lad d. Mr. Prasad Minesh Lad e. Krystal Family Holdings Private Limited Industry/sector to which it belongs Diversified Commercial Services 2) Issue Details Issue Period: Thursday, March 14, 2024 to Monday, March 18, 2024 Type of issue (public/rights): Initial Public Offer (IPO) Type of specified securities: Equity Shares IPO Grading, if any: NA Issue size: Rs 3,001.25 million {Issue size comprises of fresh issuance/gross proceeds of Rs 1,750.00 million (including net proceeds of Rs 1,633.69 million*) and an offer for sale of Rs 1,251.25 million} *Crisil Ratings shall be monitoring the net proceeds. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / certifications Comments of Comments of Particulars Reply considered by the Monitoring the Board of Monitoring Agency Agency Directors for preparation of report Peer Reviewed Independent chartered accountant No proceeds No proceeds Certificate^, Whether all utilization is as per the were utilized were utilized NA Management disclosures in the Offer Document? during the during the undertaking, reported quarter reported quarter Final Offer Document, Bank Statements Source of information / certifications Comments of Comments of Particulars Reply considered by the Monitoring the Board of Monitoring Agency Agency Directors for preparation of report 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 Peer Reviewed over the earlier monitoring agency No No Comments No Comments Independent reports? chartered accountant Certificate^, Whether all Government/statutory Management approvals related to the object(s) have NA No Comments No Comments been obtained? undert aking Whether all arrangements pertaining to technical assistance/collaboration are NA No Comments No Comments 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 the decision No No Comments No Comments making of the investors? NA represents Not Applicable ^Certificate dated July 24, 2026, issued by M/s Mahendra Doshi & Associates LLP, Chartered Accountants (Firms’ Registration No. 105765W/W101009). Peer reviewed Independent Chartered Accountant 4) Details of object(s) to be monitored: i. Cost of the object(s): Source of Origi [Showing first 8,000 characters — download PDF for full document]