for the quarter ended June 30, 2026

—Let's— GREW together THE INDOGULF croup August 11, 2026 To, To, Listing Operation Department Listing Compliance Department BSE Limited National Stock Exchange of India Limited 20" Floor, Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Bandra (East), Dalal Street, Mumbai - 400001 Mumbai-— 400051 Scrip Code: 544432 NSE Symbol: IGCL Subject: Monitoring Agency Report and Statement of Deviation or Variation Report for the quarter ended June 30,2026 Pursuant to Regulation 32(6) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (“LODR”) read with Regulations 41(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR”), We enclosed herewith; 1. Monitoring Agency Report issued by Brickwork Ratings India Private Limited (“Monitoring Agency” or “MA”) for the quarter ended June 30, 2026 as Annexure 1; and 2. Statement of Deviation(s) or Variation(s) as per Regulation 32(1) of LODR as Annexure 2 in respect of utilisation of proceeds of the Initial Public Offer (‘IPO’) of the Company. The same will also be available on the website of the Company at www. groupindogulf.com You are requested to take the above information on your record. Thanking you, Yours faithfully, For Indogulf Cropsciences Limited Sakshi Jain (Company Secretary and Compliance Officer) M.No: A67325 Address. 501, Gopal Heights, Plot No-D-9, Netaji Subhash Place, Delhi-110034 (India) Enclosed as above. INDOGULFCROPSCIENCES LTD. “=. EDD H.O. : 501, Gopal Heights, Tel.: +91-11-40040400 (99 Line) . = ISO/IEC 17025 Netaji Subhash Place Fax: +91-11-40040444 NATIONAL BS Delhi - 110034 (INDIA) E-mail : info@groupindogulf.com MARS EY NABL CIN: L74899DL1993PLC051854 www. groupindogulf.com Annexure –1 Brickwork Ratings India Private Limited BRICKWORK" 3rd Floor, Raj Alkaa Park, Kalena Agrahara RATINGS Bannerghatta Road, Bengaluru - 560 076 P: +91 80 4040 9940/9999 Monitoring Agency Report for Indogulf Cropsciences Limited for the quarter ended June 30, 2026 info@brickworkratings.com | www.BrickworkRatings.com | CIN: U67190KA2007PTC043591 Brickwork Ratings India Private Limited BRICKWORK" 3rd Floor, Raj Alkaa Park, Kalena Agrahara RATINGS Bannerghatta Road, Bengaluru - 560 076 P: +91 80 4040 9940/9999 No. BWR/2026-27/IPM/ICL/04 August 10 ,2026 Mr. Manoj Gupta Chief Financial Officer Indogulf Corpsciences Limited 501, Gopal Heights Plot No-D-9, Netaji Shubhash Place, New Delhi -— 110034, Delhi, India Dear Sir, Fourth Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Fresh Issue and Offer for Sale of Equity Shares Issue of Indogulf Corpsciences Limited (“the Company”) Pursuant to Regulation 162A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Engagement Letter dated May 27, 2025, Brickwork Ratings (BWR) has prepared the Fourth Monitoring Agency Report, as per Schedule XI of the SEBI ICDR Regulations towards utilisation of proceeds of funds raised, for the quarter ended June 30, 2026. The funds raised by the Company were through Fresh Issue and Offer for Sale of Equity Shares aggregating to Rs 200 Crore of the Company. In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30, 2026, as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated June 18, 2025. Request you to kindly take the same on records. Thanking you, Yours Faithfully, Digitally signed by NIRAJ KUMAR RATHI DN: c=IN, postalCode=560076, st=KARNATAKA, street=293 AND 322 3RD FLOOR BRICKWORK RATINGS INDIA PVT LTD RAJ ALKAA PARK,KALENA AGRAHARA, BANNERGHATTA ROAD KARNATAKA, I=BENGALURU URBAN, o=BRICKWORK RATINGS INDIA PRIVATE LIMITED, oun=COMPANY, serialNumber=3a14b9a64ba 1027947 1ea7be2c4b4c46c21 16fb54c5aa33aa 4c4d7490c50cec, pseudonym=71e2d68268f4684aee77adbee 1612657, 2.5.4.20=2ab3c4f779008c5cf0d6f10a644a5b66f2fffe9887 9fceb8acl 4a1458 144e1bd, email=NIRAJ.R@BRICKWORKRATINGS.COM, cn=NIRAJ KUMAR RATHI Date: 2026.08.10 16:53:06 +05'30' Mr Niraj Kumar Rathi Senior Director, Ratings - Brickwork Ratings info@brickworkratings.com | www.BrickworkRatings.com | CIN: U67190KA2007PTC043591 Brickwork Ratings India Private Limited BRICKWORK" 3rd Floor, Raj Alkaa Park, Kalena Agrahara RATINGS Bannerghatta Road, Bengaluru - 560 076 P: +91 80 4040 9940/9999 Report of the Monitoring Agency (MA) Name of the issuer: Indogulf Cropsciences Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: Brickworks Ratings India Private Limited (a) Deviation from the objects: No (b) Range of Deviation: Not Applicable Declaration: We declare that this report is based on the format prescribed by the SEBI (ICDR) Regulations, 2018, we further declare that this report provides a true and fair 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. We declare that we do not have any direct/indirect interest in or relationship with the issuer/promoters/directors/management and also 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. 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, 2073. The MA or its affiliates may have a 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 interesti n 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 Manageme/ 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 responsibility for such comments of the issuer’s Management/Board. Digitally signed by NIRAJ KUMAR RATHI DN: c=IN, postalCode=560076, st=KARNATAKA, street=293 AND 322 3RD FLOOR BRICKWORK RATINGS INDIA PVT LTD RAJ ALKAA PARK,KALENA AGRAHARA, BANNERGHATTA ROAD KARNATAKA, I=BENGALURU URBAN, o=BRICKWORK RATINGS INDIA PRIVATE LIMITED, ou=COMPANY, serialNumber=3a14b9a64ba1 027f9471 ea7 be2c4b4c46c21 16fb54c5aa33aa4c4d7490 c50cec, pseudonym=71 e2d68268f4684aeadeb7e7e 1612657, 2.5.4.20=2ab3c4f7790c0fO8dc65fl 0a644a5b6 6f2fffe98879fceb8ac 14a1458144elbd, email=NIRAJ.R@BRICKWORKRATINGS.COM, cn=NIRAJ KUMAR RATHI Signature: Name of the Authorized Signatory: Mr Niraj Kumar Rathi Designation of Authorized Person/Signing Authority: Senior Director, Ratings, Brickwork Ratings 3 info@brickworkratings.com | www.BrickworkRatings.com | CIN: U67190KA2007PTC043591 Brickwork Ratings India Private Limited BRICKWORK" 3rd Floor, Raj Alkaa Park, Kalena Agrahara RATINGS Bannerghatt [Showing first 8,000 characters — download PDF for full document]