KPI Green Energy Limited has submitted to the exchange the Monitoring Agency Report for the Quarter ended June 30, 2026.

KPI/MAT/AUG/2026/804 Date: August 11, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai - 400001 Bandra (E), Mumbai - 400051 Scrip Code: 542323 Symbol: KPIGREEN Sub.: Monitoring Agency Report for the quarter ended on June 30, 2026 Ref.: Funds raised through Warrants Dear Sir/Madam, Pursuant to Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we are submitting herewith the Monitoring Agency Report dated August 10, 2026, issued by India Ratings & Research Private Limited for the quarter ended June 30, 2026 in respect of the utilization of proceeds raised by the company through the preferential issue of warrants. The said information is also being made available on the website of the Company at www.kpigreenenergy.com. This is for your information and records. Thanking You, Yours faithfully, For KPI Green Energy Limited Krunal Bhatt Company Secretary & Compliance Officer Encl.: a/a Date: 10th August 2026 KPI Green Energy Limited. 1st Floor, Survey No. 65/1, Plot No. 97, T.P. 27, Bhatar-Althan/K.P. House, Opp. Ishwar Farm Junction BRTS, Near KP Circle, Canal Road, Surat – 395007. Subject: Monitoring Agency Report for the quarter ended 30th June 2026 in relation to Preferential Issue. Dear Sir, Pursuant to Regulation 162A (2) of SEBI (lssue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Agreement dated 24th December 2025, please find enclosed herewith the Monitoring Agency Report, as per Schedule XI of the SEBI ICDR Regulations towards utilization of proceeds of Preferential issue, 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 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: +91 22 4000 1700 Fax: +91 22 4000 1701 CIN/LLPIN: U67100MH1995FTC140049 www.indiaratings.co.in Report of the Monitoring Agency (MA) Name of the issuer: KPI Green Energy Limited For quarter ended: 30th June 2026 Name of the Monitoring Agency: India Ratings & Research Private Limited (a) Deviation from the objects: No deviation from the objects. Based on the Management undertaking and as per the Statutory Auditor Certificate dated 21st July 2026 issued by M/s. K A Sanghavi & Co. LLP, Chartered Accountants (FRN – 120846W / W100289) having UDIN 26101413BWPTDK6245* and other documents provided to us, no deviation from the objects has been observed. *The reference to the Statutory Auditor Certificate anywhere in the MA report refers to the said Certificate. (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 of the issuer’s Management/Board. Signature: Name and designation of the Authorized Signatory: Shrikant Dev (Company Secretary) Date: 10th August 2026. Page 1 of 7 1) Issuer Details: Name of the issuer: KPI Green Energy Limited Names of the promoters: Dr. Farukbhai Gulambhai Patel Industry/sector to which it belongs: Power Generation and Supply 2) Issue Details: Issue Period: 9th February 2026 to 18th February 2026 Type of issue (public/rights): Preferential Issue Type of specified securities: 1,01,00,000 Convertible Warrants (each convertible into one equity share of face value INR 5/- each) of face value of ₹ 5/- @ INR 470.30/convertible warrant. IPO Grading, if any: Not Applicable Issue size: INR 475.003 Crores* * It is the total issue size. However, the actual amount received by the company as on 30th June 2026 is as below: Issue subscribed Issue proceeds received as on 30th Jun’26 Value Value (INR Security No. Rate (INR No. Rate Crores) Crores) Convertible Warrants 1,01,00,000 470.30 475.003 1,01,00,000 117.575^ 118.751 Total 475.003 118.751 ^The company has received 25% of the value of the convertible warrants i.e. INR 117.575/warrant for 1,01,00,000 warrants, as upfront consideration/subscription amount. Balance 75% (INR 357.428/warrant) will be received as and when the conversion option is exercised by the warrant holder to convert warrants into equity shares during the tenure of 18 months of the warrant. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / Comments Comments of the certifications considered by of the Particulars Reply Monitoring Monitoring Agency for Board of Agency preparation of report Directors Management undertaking, Whether all utilization is as per Nil utilization Statutory Auditor Certificate, No the disclosures in the Offer NA during the Notice to Shareholders for EGM, Comments Document? quarter. 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? Page 2 of 7 Source of information / Comments Comments of the certifications considered by of the Particulars Reply Monitoring Monitoring Agency for Board of Agency preparation of report Directors Whether the means of finance Management undertaking, No for the disclosed objects of the No No Comments Statutory Auditor Certificate Comments issue has changed? Is there any major deviation observed over the earlier No NA No Comments Comments monitoring agency reports? Whether all Government/Statutory Management undertaking, No NA No Comments approvals related to the Statutory Auditor Certificate Comments object(s) have been obtained? Whether all arrangements pertaining to technical Management undertaking, No NA No Comments assistance/collaboration are in Statutory Auditor Certificate Comments operation? Are there any favorable events Management undertaking, No improving the viability of these No No Comments Statutory Auditor [Showing first 8,000 characters — download PDF for full document]