Monitoring Agency Report for the quarter ended June 30, 2026.

Date: August 10, 2026 BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 Security Code: 543542 Subject: Monitoring Agency Report for the quarter ended June 30, 2026 Ref.: Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Dear Sir/ Madam, Pursuant to the above captioned subject, please find enclosed herewith the Monitoring Agency Report for the quarter ended June 30, 2026 (“said Report”). The said report has been issued by Crisil Ratings Limited for monitoring the utilization of proceeds from the Preferential Issue of the Company. The above is being made available on the Company’s website i.e. www.kesarlands.com You are requested to kindly take the same on your records. Thanking you, Yours faithfully, For Kesar India Limited Aditi Anup Deshmukh Company Secretary & Compliance Officer Encl: As above KESAR INDIA LIMITED (Formerly known as Kesar India Private Limited, Kesar Impex (India) Private Limited) Website: www.KesarLands.Com, Email: Info@KesarLands.com, Tel: +91 7122546666, +91 7122568888 Registered Office: 2nd Floor, Saraf Chambers, Mount Road, Sadar, Sadar Bazar, Nagpur 440 001 MH India. CIN: L51220MH2003PLC142989 Monitoring Agency Report Kesar India Limited for the quarter ended June 30, 2026 CRL/MAR/KEINLI/2026-27/1901 August 10, 2026 Kesar India Limited 2nd Floor, Saraf Chambers, Mount Road, Sadar, Nagpur, Maharashtra-440001 Dear Sir/Ma’am, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Preferential Issue (“PI”) of Kesar India Limited (“the Company”) Pursuant to Regulation 162 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Agreement dated August 08, 2025, enclosed herewith the Monitoring Agency Report, issued by Crisil Ratings Limited, Monitoring Agency, as per Schedule XI of the SEBI ICDR Regulations towards utilization of proceeds of PI 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: Kesar India 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 the 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: Kesar India Limited Names of the promoter: Mr. Gopal Gupta Industry/sector to which it belongs: Residential, Commercial Projects 2) Issue Details Issue Period: September 06, 2025, to September 20, 2025 Type of issue (public/rights): Preferential Issue (PI) Type of specified securities: Fully Convertible warrants and equity shares PI Grading, if any: NA Issue size: Issue proceeds of Rs 2,737,194,950.00* (out of this, allotment of fully convertible warrants worth Rs 270,67,95,350/- and equity issuance worth Rs 3,03,99,600/-) *Crisil Ratings shall be monitoring the Issue proceeds amount (Refer Note 1 on page 6 of the report) 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information/ certifications Comments of Comments of considered by Particulars Reply the Monitoring the Board of Monitoring Agency Agency Directors for preparation of report Proceeds were utilized Statutory Auditor’s towards Certificate^, funding the Management acquisition of Whether all utilization is as per the undertaking, Yes land and No comments disclosures in the Offer Document? Notice to Shareholders development of dated August 06, 2025 projects and (hereinafter referred as General ‘Notice to AGM’), Corporate Bank Sta tements Purposes Whether shareholder approval has been obtained in case of material deviations from NA No comments No comments expenditures disclosed in the Offer Document? Whether the means of finance for the No No comments No comments disclosed objects of the issue has changed? Is there any major deviation observed over No No comments No comments the earlier monitoring agency reports? Whether all Government/statutory approvals related to the object(s) have been NA No comments No comments obtained? Statutory Auditor’s Certificate^, Whether all arrangements pertaining to Management technical assistance/collaboration are in NA No comments No comments Undertaking operation? Are there any favorable events improving No No comments No comments the viability of these object(s)? Are there any unfavorable events affecting No No comments No comments the viability of the object(s)? Is there any other relevant information that may materially affect the decision making of No No comments No comments the investors? NA represents Not Applicable ^Certificate dated July 13, 2026, issued by M/s RHAD and Company, Chartered Accountants (Firms’ Registration No. 102588W), Statutory Auditors of the Company Note 1: The Company has issued warrants at a price of Rs 350/- per share (as per Notice of AGM dated August 06, 2025) whereas the current market price per share as on July 16, 2026, stands at Rs 1,251/- 4) Details of object(s) to be monitored: i. Cost of the object(s): Comments of the Board of Source of Directors information/ Original cost Sr Particul- certification (as per the . Revised Cost Comment ars of Item considered Offer Reason Proposed N (Rs) of the MA firm Head by MA for Document) of Cost financing o. arrange- preparation (Rs) revision option ments of report made To fund the acquisition of land and development of projects, either directly by the 1 Company or 2,10,56,76,801 1,94,28,96,287.5 No comments through investment in Management undertaking, subsidiaries or Statutory newly Auditor’s (Refer acquired Certificate^, Note 2) entities Notice to General Corporate 2 70,15, [Showing first 8,000 characters — download PDF for full document]