Monitoring Agency Report for the quarter ended June 30, 2026

August 11, 2026 BSE Limited National Stock Exchange of India Limited Department of Corporate Services The Listing Department Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Mumbai – 400 001 Mumbai - 400051 Scrip Code: 544533 Symbol: STYL Dear Sirs, Subject: Monitoring Agency Report for the quarter ended June 30, 2026 Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulation 41(4) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, we are enclosing herewith the Monitoring Agency Report for the quarter ended June 30, 2026, in respect of utilization of the proceeds raised through issuance of equity shares by way of Initial Public Offer (IPO) and Pre- Initial Public Offer (IPO) proceeds of the Company, as received from CRISIL Ratings Limited, Monitoring Agency on August 03, 2026. This intimation is also available on the website of our Company at https://seshaasai.com/media- news/investor/ . We request you to kindly take the same on record. Thanking you, Yours Sincerely, For Seshaasai Technologies Limited (formerly known as Seshaasai Business Forms Limited) Manali Siddharth Shah Company Secretary and Compliance Officer Encl: as above Seshaasai Technologies Limited (Formerly known as Seshaasai Business Forms Limited) Registered Office: 9, Lalwani Industrial Estate, 14, Katrak Road Wadala, Mumbai – 400031 Tel,: +91 22 66270919/99 E mail: info@seshaasai.com I Website: www.seshaasai.com I CIN No.: L21017MH1993PLC074023 Monitoring Agency Report Seshaasai Technologies Limited for the quarter ended June 30, 2026 CRL/MAR/SSABFL/2026-27/1942 August 03, 2026 Seshaasai Technologies Limited 9, Lalwani Industrial Estate 14, Katrak Road, Wadala (West), Mumbai – 400 031, Maharashtra, India Dear Sir/Ma’am Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Initial Public Offer (“IPO”) and Pre-IPO proceeds of Seshaasai Technologies Limited (“the Company”) Pursuant to Regulation 41 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Agreement dated August 13, 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 and pre-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) Report of the Monitoring Agency (MA) Name of the issuer: Seshaasai Technologies 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: We declare that this report provides an objective view of the utilization of the issue proceeds and pre-IPO 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 we do not perceive any conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds and pre-IPO proceeds by the issuer. 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: Shounak Chakravarty Designation of Authorized person/Signing Authority: Director, Ratings (LCG) 1) Issuer Details: Name of the issuer: Seshaasai Technologies Limited Names of the promoter: a. Mr. Gautam Sampatraj Jain b. Mr. Pragnyat Pravin Lalwani Industry/sector to which it belongs: Printing and Publication 2) Issue Details 2.1 For proceeds raised from Initial Public Offer Issue Period: Monday, September 22, 2025, to Thursday, September 25, 2025 Type of issue (public/rights): Initial Public Offer (IPO) Type of specified securities: Equity Shares IPO Grading, if any: NA Issue size: 4,800.03 million (Refer Note 1) Note 1: Particulars Amount (Rs in million) Gross proceeds from the Fresh Issue 4,800.03* Less: Issue Expenses 309.28 Net Proceeds 4,490.75 2.2 For Pre-IPO proceeds: Allotment date: August 11, 2025 Type of issue (public/rights): Private placement Type of specified securities: Equity Shares IPO Grading, if any: NA Issue size: Rs 1,199.97 million *Crisil Ratings shall be monitoring the gross proceeds from the Fresh Issue and Pre-IPO Proceeds totalling to Rs 6,000.00 million 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information/ certifications considered Comments of the Comments of the Particulars Reply by Monitoring Board of Monitoring Agency Directors Agency for preparation of report Statutory IPO Proceeds: Auditor’s Proceeds utilized Certificate^, towards funding Management capital undertaking, expenditure, Prospectus general corporate Whether all utilization is as per the dated purposes and Yes No Comments disclosures in the Offer Document? 26/09/2025 issue expenses (hereinafter referred as Pre-IPO Proceeds: “offer Proceeds utilized document”), towards general Bank corporate Statements purposes Whether shareholder approval has been obtained in case of material deviations from NA No Comments No Comments expenditures disclosed in the Offer Document? Whether the means of finance for the No No Comments No Comments disclosed objects of the issue has changed? Is there any major deviation observed over No No Comments No Comments the earlier monitoring agency reports? Whether all Government/statutory approvals related to the object(s) have been NA No Comments No Comments Management obtained? Undertaking* Whether all arrangements pertaining to technical assistance/collaboration are in NA No Comments No Comments operation? Are there any favorable events improving No No Comments No Comments the viability of these object(s)? Are there any unfavorable events affecting No No Comments No Comments the viability of the object(s)? Is there any other relevant information that may materially affect the decision making No No Comments No Comments of the investors? NA represents Not Applicable *The Monitoring Agency has relied solely on the management undertaking as the Statutory Auditor has not expressed an opinion on these aspects. ^On the basis of the certificate dated J [Showing first 8,000 characters — download PDF for full document]