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Date: August 10, 2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers
Bandra Kurla Complex Dalal Street, Mumbai – 400 001
Bandra (E), Mumbai – 400 051
SYMBOL: GLOTTIS SCRIP CODE: 544557
Dear Sir/Ma’am
Sub: Monitoring Agency Report for the Quarter ended June 30, 2026
Ref.: Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 and Regulation 41 of the Securities and Exchange Board
of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, read with Regulation 41 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations,
2018, please find enclosed herewith Monitoring Agency Report towards utilization of proceeds of the Initial
Public Offer of the Company for the quarter ended June 30 2026, issued by Crisil Ratings Limited,
Monitoring Agency to the issue, duly reviewed and taken on record by the Board of Directors and the Audit
Committee of the Company at its respective meetings held on 10th August, 2026.
Further, we hereby confirm that there has been no deviation in the utilization of Issue proceeds from the
objects as stated in the Prospectus of the Initial Public Offer.
The above is for your information and record.
Thanking you,
Yours faithfully
For Glottis Limited
Nibedita Panda
Company Secretary and Compliance Officer
M. No: A68844
Crisil
Ratings
Monitoring Agency Report
Glottis Limited
for the quarter ended
June 30, 2026
entityN umber: U67100MH2019PLC326247
Rgst ered Office: Lightbridge IT Park, Saki Vihar Road, Andheri East, Mumbai- 400 072. India
Phone: +91 szz(auno\w ww.crisilratings.com
acompany of S&P Global
Crisil
Ratings
CRL/MAR/ GLOTT1/2026-27/1930
August 10, 2026
Glottis Limited
New No. 46, Old No. 311,
1st Floor, Thambu Chetty Street,
Chennai - 600 001, Tamil Nadu, India.
Dear Sir/Ma’am,
Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Initial Public Offer (“IPO”)
of Glottis Limited (“the Company”)
Pursuant to Regulation 41 (2) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI
ICDR Regulations”) and Monitoring Agency Agreement dated September 20, 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 IPO 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)
Crisil Ratings Limited
Corporate Identity Number: U67100MH2019PLC326247
Registered Office: Lightbridge IT Park, Saki Vihar Road, Andheri East, Mumbai- 400 072. India
Phone: +9122 6137 3000 | www.crisilratings.com acompany of S&P Global
Crisil
Ratings
Report of the Monitoring Agency (MA)
Name of the issuer: Glottis 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:
T\e declare that this 1eport 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 receies. This Report is not intended to create any legally binding obligations on the MA which accepts no
responsibility, whatsoeverfo,r loss or danage front 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 compensatiofonr its ratings and certain credit-related analyses. Ve 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.
T\ have submitted the report herewith in line with the format prescribed by SEBI, capturing our contments, 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 Managem/e Anudtit 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 responsibiliftoyr such comments of the issuer’s Management/Board.
Signature: und W
Name and designation of the Authorized Signatory: Shounak Chakravarty
Designation of Authorized person/Signing Authority: Director, Ratings (LCG)
Crisil Ratings Limited
Corporate Identity Number: U67100MH2019PLC326247
Registered Office: Lightbridge IT Park, Saki Vihar Road, Andheri East, Mumbai- 400 072. India
Phone: +9122 6137 3000 | www.crisilratings.com acompany of S&P Global
Crisil
Ratings
1) Issuer Details:
Name of the issuer: Glottis Limited
Names of the promoter: Mr. Ramkumar Senthilvel,
Mr. Kuttappan Manikandan
Industry/sector to which it belongs: Logistics Solution Provider
2) Issue Details
Issue Period: September 29, 2025, to October 01, 2025
Type of issue (public/rights): Initial Public Offer (IPO)
Type of specified securities: Equity Shares
IPO Grading, if any: NA
Issue size: Rs 1,599.99 million*
*Note:
Particulars Amount (Rs in million)
Gross proceeds 1,599.99#
Less: Issue Expenses 147.98
Net Proceeds 1,452.01
#Crisil Ratings shall be monitoring the gross proceeds.
Crisil Ratings Limited
Corporate Identity Number: U67100MH2019PLC326247
Registered Office: Lightbridge IT Park, Saki Vihar Road, Andheri East, Mumbai- 400 072. India
Phone: +9122 6137 3000 | www.crisilratings.com
acompany of S&P Global
Crisil
Ratings
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
Source of
?e‘it(:’ifica?i::é Comments
Particulars Reply considered by o e i1 e
o Agency Board of
Monitoring Agency g
3 Directors
for preparation of
report
Management
undertaking,
Statutory Auditor
Whether all utilization is as per certificate”, Proce.eds were u?lhzed towards
N . Prospectus dated capital expenditure, general No
the disclosures in the Offer Yes R
01/10/2025 corporate purposes and issue comments
Document? .
(hereinafter referred expenses
to as “Offer
document”),
Bank Statements
Whether shareholder approval
has been obtained in case of No
material deviations from | NA No comments comments
expenditures disclosed in the
Offer Document?
Whether the means of finance for No
the disclosed objects of the issue No No comments
comments
has changed?
Is there any major deviation No
observed over the earlier No No comments
s comments
monitoring agency reports?
Whether all Government/ No
statutory approvals related to the NA Management No comments
. : comments
object(s) have been obtained? Undertaking,
Whether all arrangements Statutory Auditor
ining i certificate
pertaining o teChmc.al NA No comments No
assistance/collaboration are in comments
operation?
Are there any favorable events No
improving the viability of these No No comments
h comments
object(s)?
Are there any unfavorable events No
affecting the viability of the No No comments
. comments
object(s)?
Is there any other relevant
information that may materially No
affec
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