Monitoring Agency Report for the Quarter ended 30th June, 2026

08th August, 2026 To, To, The Manager, The General Manager, Listing Department, Department of Corporate Services, National Stock Exchange of India Ltd, BSE Ltd., Exchange Plaza, 1st Floor, New Trading Ring, Plot No. – C – 1, G Block, Rotunda Building, Bandra – Kurla Complex, P.J. Towers, Bandra (East), Dalal Street, Fort, Mumbai – 400051 Mumbai – 400001 NSE Code – JGCHEM BSE Code – 544138 Dear Sir, Subject: Disclosure under Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Monitoring Agency Report for the Quarter ended June 30, 2026 Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, Regulation 41 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we are enclosing herewith the Monitoring Agency Report dated August 04, 2026, issued by ICRA Limited, Monitoring Agency, for the quarter ended June 30, 2026 in respect of utilisation of proceeds of the Initial Public Offer of the Company. This disclosure will also be hosted on the Company's website viz. www.jgchem.com . Kindly take the same on record. Yours faithfully, For J.G.Chemicals Limited Swati Poddar Company Secretary and Compliance Officer Encl.: as Above J. G. Chemicals Limited (An ISO 9001, 14001, 45001 CERTIFIED COMPANY) Adventz Infinity@5, Unit No. 1511, Street No. 18, BN Block, Sector – V, Salt Lake City, Kolkata – 700 091, India, Phone: +91 33 4415 0100 Email: cs@jgchem.com | Web: www.jgchem.com Mfg. of: “LUXMI” (UR) BRAND ZINC OXIDE CIN: L24100WB2001PLC093380 Date: August 04, 2026 Mr. Anuj Jhunjhunwala Chief Financial Officer and Executive Director J.G. Chemicals Limited Adventz Infinity@ 5, Unit No. 1511, Street Number 18, BN Block, Sector V Salt Lake, Kolkata – 700091, India Dear Sir, Re: Final Monitoring Agency report of J.G. Chemicals Limited for Q1 FY2027 Please refer to agreement dated February 26, 2024, appointing ICRA Limited as the Monitoring Agency (MA) for J.G. Chemicals Limited’s IPO Issue. After due consideration, ICRA has prepared the attached final Monitoring Agency report as per SEBI (Issue of Capital and Disclosure Requirements) Regulations for Q1 FY2027. Please note that the Monitoring Agency report does not constitute a commentary on the quality of the objects of the issue, appropriateness or reasonableness of costs or spending by J.G. Chemicals Limited against any objects / heads or assurance on outcome of such spending. We thank you for your kind cooperation extended during the course of Q1 FY2027. Should you require any clarification, please do not hesitate to get in touch with us. We look forward to your communication and assure you of our best services. With kind regards For ICRA Limited Parul Goyal Narang Vice President & Head-Process Excellence parul.goyal@icraindia.com ICRA Limited Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel. +91-11-23357940-41 Building No. 8, 2nd floor, Tower A, DLF Cyber City, Phase II, Gurugram-122002 www.icra.in info@icraindia.com +91-93547-38909 +0124-4545300 CIN: L74999DL1991PLC042749 June 2026 MONITORING AGENCY REPORT Name of the Issuer: J.G. Chemicals Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency (MA): ICRA Limited (a) Deviation from the objects of the issue: No deviation - the utilization of the issuance proceeds is in line with the objects of the issue. (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: Digitally signed by Parul Goyal Parul Goyal Narang Narang Date: 2026.08.04 13:02:40 +05'30' Parul Goyal Narang Vice President & Head- Process Excellence Analyst: Arshi Naz Quality Analyst: Dhwani Vinchhi Sensitivity Label : Public June 2026 1. Issuer Details Name of the Issuer: J.G. Chemicals Limited Name(s) of the promoters: Promoters Suresh Jhunjhunwala Anirudh Jhunjhunwala Anuj Jhunjhunwala Source: BSE Industry/ sector to which it belongs: Speciality Chemicals 2. Issue Details Issue Period: Opening date- March 05, 2024 Closing date- March 07, 2024 Type of Issue: Initial Public Offer Type of specified securities: Equity shares IPO Grading, if any: No credit rating agency registered with SEBI has been appointed in respect of obtaining grading for the offer. Issue Size (Rs. Crore): 251.190 With OFS portion: INR 251.190 Crore Excluding OFS portion: INR 165.000 Crore. Net proceeds as per Prospectus: INR 149.324 Crore (Excluding Issue Related Expenses) Note: ICRA has monitored Gross Proceeds of INR 165.000 crore in Q1 FY2027 Sensitivity Label : Public June 2026 3. Details of the arrangement made to ensure the monitoring of issue proceeds. Comments Source of information, of the certifications considered by Comments of the Monitoring Particulars Reply Issuer’s the Monitoring Agency for Agency Board of the preparation of report Directors While the utilisation of funds -Peer reviewed CA Certificate remains in line with the objects -Confirmation from Whether all utilization is as per outlined in the prospectus, the management No the disclosures in the Offer Yes actual spending does not - Bank statement of the comments Document? correspond with the vendors’ proceeds account/ specifications as originally corresponding accounts proposed. Whether shareholder approval has been obtained in case of Not As confirmed by the Issuer’s No material deviations# from No comments Applicable management comments expenditures disclosed in the Offer Document? Whether the means of finance As confirmed by the Issuer’s No for the disclosed objects of the No No comments management comments issue has changed? Is there any major deviation observed over the earlier No No deviation observed. No comments comments monitoring agency reports? Civil/construction work related to Whether all Government/ R&D Unit have already started and statutory approvals related to As confirmed by the Issuer’s in process till the quarter ended No the object(s) have been management 30th June, 2026 and also, we have comments [Showing first 8,000 characters — download PDF for full document]