Monitoring Agency Report

KRISHIVAL FOODS LIMITED CIN No. L74120MH2014PLC254748 Registered Office: 1309, Lodha Supremus Saki Vihar road, opp. MTNL Office, Powai, Mumbai-400072. Tel no.: 8779558264, Website: www.krishival.com, Email: cs@krishival.com August 11, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex P J Towers, Dalal Street Bandra (E), Mumbai-400051 Mumbai - 400 001 Symbol: KRISHIVAL Scrip Code: 544416 Subject: Submission of Second Monitoring Agency Report for the quarter ended June 30, 2026 Dear Sir/Madam, Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Second Monitoring Agency Report issued by Brickwork Ratings India Private Limited, Monitoring Agency, for the quarter ended June 30, 2026, in relation to the Rights Issue of Equity Shares of Krishival Foods Limited. The said report relates to the utilisation of proceeds of funds raised through the Rights Issue of Equity Shares of the Company. You are requested to take note of the same. Thanking You, Yours faithfully, KRISHIVAL FOODS LIMITED Rahul Gawande Company Secretary and Compliance Officer Second Monitoring Agency Report for Krishival Foods Limited for the quarter ended June 30, 2026 BWR/2026-27/IPM/KFL/02 August 06, 2026 Mr. Anant P Kulkarni Chief Financial Officer Krishival Foods Limited 1309, Lodha Supremus, Saki Vihar Road, Powai, Mumbai– 400072, Maharashtra, India Dear Sir, Second Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Right Issue of Equity Shares of Krishival Foods Limited (“the Company”) Pursuant to Regulation 82 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Engagement Letter dated September 19, 2025, Brickwork Ratings (BWR) has prepared the Second 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 Right Issue of Equity Shares aggregating to Rs.99.99 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 November 26, 2025. Request you to kindly take the same on records. Thanking you, Yours Faithfully, Mr Niraj Kumar Rathi Senior Director, Ratings - Brickwork Ratings Report of the Monitoring Agency (MA) Name of the issuer: Krishival Foods Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: Brickwork 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 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, 2013. 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 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 after 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 of the Authorized Signatory: Mr Niraj Kumar Rathi Designation of Authorized Person/Signing Authority: Senior Director, Ratings - Brickwork Ratings 1) Issuer Details: Name of the issuer: Krishival Foods Limited Names of the promoter: Ms. Aparna Sujit Bangar, Mr. Nana Prakash Mhaske and Mr. Anant P Kulkarni Industry / sector to which it belongs: FMCG 2) Issue Details: Issue period: 26 December 2025 to 07 January 2026 Type of issue (public/ rights): Right Issue of Equity shares Type of specified securities: Equity Shares IPO Grading, if any: Not Applicable Issue size (in ₹ Crore): 99.99 Total Value as per Offer Amount Particulars Number of Price (₹) Document Received Securities (₹ Crore) (₹ Crore) Equity Shares- Right Issue 33,33,160 300 99.99 34.99 Total 33,33,160 300 99.99 34.99 Note: 1. As of March 31, 2026, the Company has received Rs. 34.99 crore against the proposed of Rs. 99.99 crore, representing 35.00% of the total proceeds from the right issue. 2. During the quarter ended June 30, 2026, no funds were raised by the company. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / Comments Comments certifications of of Particulars Reply considered by Monitoring Board of Monitoring Agency Agency Directors for preparation of report Bank Statements, Whether all utilization is as per Invoices, Company’s the disclosures in the Offer Yes Nil Nil Statement, CA Document? Certificate. Whether shareholder approval has been obtained in case of Not Nil material deviations# from Nil Nil Applicable expenditures disclosed in the Offer Document? Whether the means of finance for the disclosed objects of the issue No Nil Nil has changed? Is there any major deviation Not Nil Nil observed over the earlier Nil Applicable monitoring agency reports? Whether all Government/statutory approvals Yes Company’s Statement Nil Nil related to the object(s) have been obtained? Whether all arrangements pertaining to technical Not Nil Nil Nil assistance/collaboration are in Applicable operation? Are there any favourable events improving the viability of these No Company’s Statement Nil Nil object(s)? Are there any unfavourable events affecting the viability of the No Company’s Statement Nil Nil object(s)? Is there any other relevant information that may materially No Not Applicable Nil Nil affect the decision making of the investors? Notes: The above information is verified through the Company’s Statement dated August 04, 2026. #Where material deviation may be defined to mean: (a) Deviation in the objects or purposes for which the funds have been raised (b) Deviation in the amount of funds utilised by more than 10% of the amount projected in the offer documents. 4) Detai [Showing first 8,000 characters — download PDF for full document]