Monitoring Agency Report

10th August, 2026 BSE Limited National Stock Exchange of India Limited Corporate Services Department Corporate Communications Department Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai – 400001 Bandra (East), Mumbai - 400051 BSE Scrip Code: 512455 NSE Symbol: LLOYDSME Sub: Monitoring Agency Report under Regulation 32 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (“SEBI”) (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) read with Regulation 173A and 162A(2) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we have enclosed herewith Monitoring Agency Report for the quarter ended 30th June, 2026, issued by India Ratings and Research Private Limited and ACER Credit Rating Private Limited (“Monitoring Agency”), in respect of the utilization of proceeds raised through Qualified Institutional Placement and Preferential Issue of Warrants respectively by the Company. The aforesaid Monitoring Agency Report has been reviewed by the Audit Committee and taken on record by the Board of Directors at its meeting held on 10th August, 2026. The same will also be available on the Company’s Website at www.lloyds.in. The same may please be taken on record and suitably disseminated to all concerned. Thanking you, Yours Sincerely, For Lloyds Metals and Energy Limited Rajesh Gupta Managing Director Encl.: As above. India Ratings Fitch Group &Researcl-i Date: 10th August 2026 Lloyds Metals and Energy Limited. A-2, 2nd Floor, Madhu Estate, Pandurang Budhkar Marg, Lower Pa rel, Mumbai - 400013. Subject: Monitoring Agency Report for the quarter ended 30th June 2026 in relation to Qualified Institutions Placement (QIP). Dear Sir, Pursuant to Regulation 173A (2) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI ICDR Regulations") and Monitoring Agency Agreement dated 4th July 2024, please find enclosed herewith the Monitoring Agency Report, as per Schedule XI of the SEBI ICDR Regulations towards utilization of proceeds of QIP, for the quarter ended June 30, 2026. Request you to kindly take the same on records. Thanking You, For and on behalf of India Ratings & Research Private Limited SHRIKANT Digitally signed by SHRIKANT GANDHI DEY GANDHI DEV Date: 2026.08.1 0 16:44:22 +05'30' Name: Shrikant Dev Designation: Company Secretary India Ratings & Research Private Limited A Fitch Group Company Wockhardt Towers, Level 4, West Wing, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 Tel: +91224000 1700 Fax: +91224000 1701 CIN/LLPIN: U67100MH1995FTC140049 www.indiaratings.co.in India Ratings Fitch Group &Researcl-i Report of the Monitoring Agency (MA) Name of the issuer: Lloyds Metals and Energy Limited For quarter ended: 30th June 2026 Name of the Monitoring Agency: India Ratings & Research Private Limited (a) Deviation from the objects: Based on the Management undertaking and as per the Statutory Auditor Certificate dated 10th July 2026 issued by Todarwal & Todarwal LLP, Chartered Accountants (FRN - 111009W/W-100231) having UDIN 261378041KENCM5541 * and other documents provided to us, no deviation from the objects has been observed. Also Refer Note 1, 2 and 3 on page no. 6 & 7. *The reference to the Statutory Auditor Certificate anywhere in the MA report refers to the said Certificate. 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 Lloyds Metal and Energy Limited against any objects I heads or assurance on outcome of such spending. (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 there is no conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity. 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 ofthe issuer's Management/Board. Signature: Name and designation of the Authorized Signatory: Shrikant Dev (Company Secretary) Date: 10th August 2026 Page 1 of 10 India Ratings Fitch Group &Researcl-i 1) Issuer Details: Na me of the issuer: Lloyds Metals and Energy Limited ("The Company" or "LMEL") Names ofthe promoters*: • Mukesh Rajnarayan Gupta • Rajesh Rajnarayan Gupta • Balasubramanian Prabhakaran • Madhur Rajesh Gupta • Ravi Agarwal • Shreekrishna Gupta • Abha Gupta • Renu Gupta • Dipti Akhil Mundhra • Priyanka Gupta • Babula I Agarwal • Thriveni Earthmovers Private Limited (TEMPL) • Lloyds Enterprises Limited (LEL) • Sky United LLP • Lloyds Metals and Minerals Trading LLP • Blossom Trade and Interchange LLP • Plutus Trade and Commodities LLP • Teamwork Properties Developments LLP • Crosslink Food and Farms Private Limited Industry/sector to which it belongs: Manufacturing of sponge iron and Iron ore Mining *Source: Placement document. 2) Issue Details: Issue Period: 4th July 2024 to 9th July 2024 Type of issue (public/rights): Qualified Institutions Placement (QIP) Type of specified securities: 1,75,00,000 Equity Shares of FV ~ 1 each@~ 696.00 per Equity Share. IPO Grading, if any: Not Applicable Issue size: INR 1,218.00 Crores Note: The Company has utilized the entire issue proceeds raised through the QIP. Accordingly, this is the last Monitoring Agency Report. Page 2 of 10 India Ratings Fitch Group &Researcl-i 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / Comments certifications considered by Comments of the of the Particulars Reply Monitoring Agency for Monitoring Agency Board of preparation of report Directors Management undertaking, Whether all utilization is as per Statutory Auditor Certificate, Refer Note 1 and 2 on No the disclosures in the Offer No Placement Document, page no. 6 Comments Document? Relevant Bank Statements. Whether shareholder approval has been obtained in case of Management undertaking, No material deviations from NA NA Statutory Auditor Certificate Comments expenditures disclosed in the Offer Document? 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