Monitoring Agency Report for the quarter ended 30 June, 2026

IWL: NOI: 2026 11th August, 2026 The Secretary The Secretary BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex Dalal Street Bandra (E) Mumbai 400 001 Mumbai 400 051 Scrip code: 539083 Scrip code: INOXWIND Sub: Submission of Monitoring Agency Report for the quarter ended 30th June, 2026 with respect to utilisation of proceeds raised through Rights Issue of the Company Dear Sir/ Madam, Pursuant to Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Monitoring Agency Report for the quarter ended 30th June, 2026, issued by CARE Ratings Limited, Monitoring Agency appointed as per Regulation 82 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, in relation to the utilization of proceeds raise through Rights Issue of the Company. The aforesaid report was reviewed by the Audit Committee and the Board of Directors of the Company in their respective meetings held on 7th August, 2026. You are requested to take the above on record. Thanking You Yours faithfully, Yours faithfully, For Inox Wind Limited Deepak Banga Company Secretary Encls: A/a No. CARE/NRO/GEN/2026-27/1093 The Board of Directors Inox Wind Limited INOXGFL Towers, Plot No.17 Sector 16-A, Noida – 201301 Uttar Pradesh, India 08/11/2026 Dear Sir/Ma’am, Monitoring Agency Report for the quarter ended 06/30/2026 - in relation to the Rights issue of Inox Wind Limited (“the Company”) We write in our capacity of Monitoring Agency for the Rights Issue for the amount aggregating to Rs. 1249.33 crore of the Company and refer to our duties cast under 82 of the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations. In this connection, we are enclosing the Monitoring Agency Report for the quarter ended 06/30/2026 as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated 07/17/2025. Request you to kindly take the same on records. Thanking you, Yours faithfully, Shailendra Singh Baghel Associate Director Shailendra.Baghel@careedge.in CARE Ratings Limited 9th floor, C-001/A2, Berger Towers, Sector 16B, 4th Floor, Godrej Coliseum, Somaiya Hospital Noida, Road, Off Eastern Express Highway, Sion (East), Gautam Budh Nagar, Uttar Pradesh -201301 Mumbai - 400 022 Phone: +91-120-4452000 Phone: +91-22-6754 3456 Email: care@careedge.in • www.careedge.in Report of the Monitoring Agency Name of the issuer: Inox Wind Limited For quarter ended: 06/30/2026 Name of the Monitoring Agency: CARE Ratings Limited (a) Deviation from the objects: Nil (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: Shailendra Singh Baghel Designation of Authorized person/Signing Authority: Associate Director CARE Ratings Limited 9th floor, C-001/A2, Berger Towers, Sector 16B, 4th Floor, Godrej Coliseum, Somaiya Hospital Noida, Road, Off Eastern Express Highway, Sion (East), Gautam Budh Nagar, Uttar Pradesh -201301 Mumbai - 400 022 Phone: +91-120-4452000 Phone: +91-22-6754 3456 Email: care@careedge.in • www.careedge.in 1) Issuer Details: Name of the issuer : Inox Wind Limited Name of the promoter : Inox Leasing and Finance Limited Industry/sector to which it belongs : Wind Power 2) Issue Details Issue Period : 08/06/2025 to 08/20/2025 Type of issue (public/rights) : Rights Issue Type of specified securities : Equity Shares IPO Grading, if any : Not applicable Issue size (in crore) : Rs. 1249.33 crore 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / certifications Comments of the Comments of the Particulars Reply considered by Monitoring Agency for Board of Monitoring Agency preparation of report Directors The proceeds from the rights issue have Based on the been entirely utilized. As per the certificates issued management, the issue expenses have by Independent been finalized at Rs. 6.61 crore as against Chartered Rs. 6.63 crore in the offer document. The Accountant, Chief remaining Rs. 0.02 crore have been Financial Officer CA Certificate, Management Whether all utilization is as per the disclosures in the Offer Document? Yes adjusted in GCP expenses. Allocation of and draft MA Certificate and Bank Statements unutilized issue expenses to GCP expenses Report, the Board is allowed as per offer document. noted that the utilization of However, the utilization of the proceeds proceeds is as per aggregating to Rs. 0.08 crore was the Offer completed with a delay compared to the Document. CARE Ratings Limited 9th floor, C-001/A2, Berger Towers, Sector 16B, 4th Floor, Godrej Coliseum, Somaiya Hospital Noida, Road, Off Eastern Express Highway, Sion (East), Gautam Budh Nagar, Uttar Pradesh -201301 Mumbai - 400 022 Phone: +91-120-4452000 Phone: +91-22-6754 3456 Email: care@careedge.in • www.careedge.in Source of information / certifications Comments of the Comments of the Particulars Reply considered by Monitoring Agency for Board of Monitoring Agency preparation of report Directors original timeline of March 31, 2026 proposed in the offer document. Based on the certificates issued by Independent Chartered Accountant, Chief Whether shareholder approval has been obtained in case of material Not CA Certificate, Management Not applicable Financial Officer deviations# from expenditures disclosed in the Offer Document? applicable Certificate and Bank Statements and draft MA Report, the Board noted that the same is not applicable. Based on the certificates issued by Independent Chartered Whether the means of finance for the disclosed objects of the issue CA Certificate, Management Accountant, Chief No No such changes have changed? Certificate and Bank Statements Financial Officer and draft MA Report, the Board noted that there is no such change. Based on the CA Certificate, [Showing first 8,000 characters — download PDF for full document]