Monitoring Agency Report

August 10, 2026 To, To, BSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, Plot No. C/1 Phiroze Jeejeebhoy Towers, 'G' Block, Bandra – Kurla Complex Dalal Street, Bandra East, Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 524091 Trading Symbol: CARYSIL Sub: Monitoring Agency Report issued by ICRA Limited for the utilization of funds raised through Qualified Institutions Placement for quarter ended June 30, 2026 In compliance with Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit the Monitoring Agency Report for the quarter ended June 30, 2026. This report has been issued by ICRA Limited, the Monitoring Agency appointed by the Company, to monitor the utilization of funds raised through the Qualified Institutions Placement (QIP). You are requested to take the same on record. Thanking you, Yours Faithfully, For CARYSIL LIMITED REENA SHAH COMPANY SECRETARY & COMPLIANCE OFFICER Encl.: a/a ICRA Limited Date: August 10, 2026 Ms. Reena Shah Company Secretary and Compliance Officer Carysil Limited Survey No. 312, Navagam Vartej 364060 Bhavnagar, (Gujarat) India Dear Ma’am, Re: Final Monitoring Agency report of Carysil Limited for Q1 FY2027 Please refer to agreement dated July 01, 2024, appointing ICRA Limited as the Monitoring Agency (MA) for Carysil Limited’s QIP 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 Carysil 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 Building No. 8, 2nd Floor, Tower A Tel.: +91.124 .4545300 Website: www.icra.in DLF Cyber City, Phase II CIN : L749999DL1991PLC042749 Email: info@icraindia.com Gurugram – 122002, Haryana Helpdesk: +91 9354738909 Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel. :+91.11.23357940-41 RATING ● RESEARCH ● INFORMATION Sensitivity Label : Internal June 2026 MONITORING AGENCY REPORT Name of the Issuer: Carysil Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: ICRA Limited (a) Deviation from the objects of the issue: No material 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: Parul Goyal Narang Vice President & Head-Process Excellence Analyst: Sweety Shaw QA: Dhwani Vinchhi June 2026 1. Issuer Details Name of the Issuer: Carysil Limited Name(s) of the promoters: Promoters Mr. Chirag Ashwinbhai Parekh Ms. Shetal Chirag Parekh Source: Letter of Offer Industry/ sector to which it belongs: Manufacturing and selling kitchen sinks, kitchen appliances, faucets, wash basins, WC, tiles, etc. 2. Issue Details Issue Period: Opening date- July 01, 2024 Closing date- July 03, 2024 Type of Issue: QIP Issue Type of specified securities: Equity shares Issue Size (Rs. Crore): 125.00 Crore With OFS portion: Not Applicable; Excluding OFS portion: Not Applicable. Net Proceeds as per prospectus: INR 121.70 Crore (Excluding Issue Related Expenses amounting INR 3.30 crore) *Net proceeds have been revised at INR 121.65 Crore owing to Issue related expenses (IRE) being higher by 0.05 crore as on 31st December 2025. June 2026 3. Details of the arrangement made to ensure the monitoring of issue proceeds. Source of information, Comments of certifications considered Comments of the Monitoring the Issuer’s Particulars Reply by the Monitoring Agency Board of Agency for the Directors preparation of report -Offer Letter - Confirmation from management The net proceeds have been Whether all utilization is as per -Bank statement of the revised to INR 121.65 Crore the disclosures in the Offer Yes No Comments proceeds accounts and owing to issue related expenses Document? corresponding account (IRE) being higher by 0.05 crore -Peer Reviewed CA Certificate Whether shareholder approval has been obtained in case of As confirmed by the material deviations# from NA No comments No comments Issuer’s management expenditures disclosed in the Offer Document? Whether the means of finance for the disclosed objects of the No As confirmed by the No comments No comments issue has changed? Issuer’s management Is there any major deviation observed over the earlier No No deviation observed No comments No comments monitoring agency reports? Whether all Government/ statutory approvals related to As confirmed by the Yes No comments No comments the object(s) have been Issuer’s management obtained? Whether all arrangements pertaining to technical As confirmed by the Yes No comments No comments assistance/ collaboration are in Issuer’s management operation? Are there any favorable events As understood from the Issuer’s improving the viability of these No As confirmed by the No comments management object(s)? Issuer’s management Are there any unfavorable As understood from the Issuer’s events affecting the viability of No As confirmed by the No comments management the object(s)? Issuer’s management Is there any other relevant information that may materially As confirmed by the As understood from the Issuer’s No No comments affect the decision making of the Issuer’s management management investors? June 2026 4. Details of the object(s) to be monitored. (i) Cost of object(s) Source of Comments of the Issuer’s Board of information, Directors [Showing first 8,000 characters — download PDF for full document]